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Mike Krieger Exposes The Three Card Monti

Tyler Durden's picture





 

Submitted by Mike Krieger of KAM LP

 

We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years.  It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.

– David Rockefeller

The interests behind the Bush Administration, such as the CFR, The Trilateral  Commission -- founded by Brzezinski for David Rockefeller -- and the  Bilderberger Group, have prepared for and are now moving to implement open world dictatorship within the next five years. They are not fighting against terrorists. They are fighting against citizens.

– Dr. Johannes B. Koeppl

Chancellor Angela Merkel said that Germany is ready to cede some sovereignty to strengthen the euro area and restore confidence in the common currency…“Germany sees the need in this context to show the markets and the world public that the euro will remain together, that the euro must be defended, but also that we are prepared to give up a little bit of national sovereignty,” Merkel said. Germany wants a strong EU and a euro “of 17 member states that is just as strong and inspires confidence on international markets.”

– Bloomberg article November 16, 2011 http://www.bloomberg.com/news/2011-11-16/merkel-says-germany-ready-to-ce...

Three Card Monti

Just like the con (confidence) game Three Card Monte through which people have been swindled out of their hard earned money in alleyways and street corners all over the world for half a millennium, the previously sovereign nations of Greece and Italy have now officially been placed into the receivership of “technocratic governments” and are now in the final phase of their looting.  It truly is sad to watch these proud nations whose histories form the very core of Western civilization be taken down one by one but what is even more nauseating is watching the corporate media pundits, Wall Street analysts and financial experts cheer the news because it is ostensibly “good for markets.”  First of all, it doesn’t take a genius to see that the people that screw up the most get promoted and advanced in the Western world’s current political/economic structure.  The primary reason for this is that there is a very serious agenda of TPTB and that consists on using crisis to consolidate power in a one-world government, headed by a global central bank that issues a global fiat currency.  People have been saying this on the fringe for decades and have been called conspiracy theorists the whole time but if you look at how things are progressing today you’d have to be asleep to not notice that the guys in charge are completely and totally determined to bring this sick, twisted dream into place.  That is why the agenda moves forward despite the repeated, desperate cries of the citizenry for them to stop.

Let’s take a look at Mario Monti, the “soft” dictator that has been thrust upon the people of Italy by TPTB.  He is a member of the Bilderberg Group, he is the European Chairman of the Trilateral Commission (a think tank founded by David Rockefeller in 1973, see quote at the top) and is international advisor to none other than Goldman Sachs.  This guy was put into place by design.  Anyone in Italy that thinks they achieved a victory in by ridding themselves of Berlusconi you better think again.  You just got the biggest insider, crony financial terrorist around put in charge of your country without having a say in it.  Even for someone like me that expects these things, I am amazed by how badly Italy was just screwed.  Speaking of the unreported coup that just happened in Italy I will let my friend Jared Dillian of the Daily Dirtnap add his two cents.  From his piece today:

So I read recently that Italy wasn’t going to have elections because of “market crisis” or something like that, and I am the last guy who should be writing about this, since I know very little about political systems in any European country, for example, how can you just announce or not announce an election? Aren’t these things on a schedule? So already I don’t know what I am talking about. But I am worried about Greece and Italy that have chosen not to have elections to choose their leaders, I am actually quite concerned about that. You can’t use “market crisis” as an excuse to not hold elections. Even if elections take time and are messy and (most importantly) don’t produce the desired result, it is a part of gosh darn democracy, and if they are going to suspend elections for this, then they can suspend elections for anything. Like, say, pretend Mario Monti is a closet dictator and they just put a guy in there who is never going to hold another election again.

So this is a bad precedent. 

This is way worse than a bad precedent but well said my friend.  Oh and another thing.  If you are looking at the gold market and wondering why it is so weak stop wondering.  In my opinion, all you have to look at is Mario “three card” Monti (credit to Gerald Celente for that name).  If I were anyone in Italy that cared I would be checking the gold in the vault every single day.  I have zero doubt that Monti is letting the country’s treasure out the back door by the ton in the name of “global stability” and ECB bond purchases.  The backroom deals that are happening right now at the expense of the people of Italy have got to be completely off the charts.  As I have said many times before, the reason Europe doesn’t announce a solution is because there is no solution.  They also know that the minute they announce massive monetization gold and silver will go no offer and the gig will be up.  This is also why the FED hasn’t announced QE3 despite their desire to do so.  So the strategy is to announce nothing, sell sovereign gold behind the scenes and perform all sorts of market manipulations behind closed doors.  While the sheep in most nations will be completely unaware until way after the looting is over and then they are left with chaos and then a real dictator, the leaders of nations of China, Russia and others know exactly what is happening and will happily take Italy’s gold (and whatever Greece hasn’t already sold without telling anyone).  I love how leaders keep coming out with stuff like “we need to stop freedom of speech and we need to manipulate markets and we need to take your sovereignty away to create confidence.”  The worst part is people actually fall for this crap!  On what planet does robbing someone, taking their freedom away and saying you and your children will be slaves forever inspire confidence?

Germany 

How do you say “sucker” in German?  No seriously, I want to know.  I mean how about the quote from Merkel at the top. I mean did David Rockefeller write that speech for her.  I love how politicians are now openly out there offering their countries sovereignty in the name of 50 up points in the S&P500.  I seriously hope the Germans are buying Three Card Monti’s gold for their sake. After all, as Jim Rickards has stated they will never see an ounce of whatever gold they were stupid enough to store in NY.  That’s all I have to say about the Germans.  Ditch the periphery (and that includes you France) or go down with the ship.  Gute Nacht.
 
The Ben Bernank is Superman

Banana Ben Bernanke is superman didn’t you know?  Oh and on the side he prevents all economic downturns from ever happening in a single bound.  It’s true.  Didn’t you hear about the speech he gave in from of the military in Texas (what a sad joke).  Yep, he was quoted as saying the following: "I'm not a believer in the Old Testament theory of business cycles. I think that if we can help people, we need to help people.”  Wait, let’s do that again.  "I'm not a believer in the Old Testament theory of business cycles. I think that if we can help people, we need to help people.”  Good lord this man is a maniac and he is in charge of global monetary policy and the world’s reserve currency.  Good luck to you if you don’t own gold. 

As My Friend Tony Greer (if you aren’t getting his emails you’d better start) Likes to Say…Time to Hit the Links!      

The Postal Service just lost $5 billion for the year.  Did you know they employ 670,000 people?  http://news.yahoo.com/postal-loses-5-1-billion-fiscal-2011-232706243.htm...

Jon Stewart destroys the criminal bankster/political hack Corzine in one great clip.  http://nation.foxnews.com/jon-corzine/2011/11/09/jon-stewart-makes-mince...

Finally for the biggest joke of the day….U.S. banks.  This article is a gem.  It talks about how the big financial institutions don’t break out CDS exposure by region because it might scare people.  How about this line.  “As of Sept. 30, JPMorgan said it had sold $3.13 trillion of credit-derivative protection and purchased $3.07 trillion.”  All good I guess!  No one loses.

I DO know what the word for this in English is.  PONZI.  http://www.bloomberg.com/news/2011-11-16/jpmorgan-joins-goldman-keeping-...

Peace and wisdom,

Mike

 


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Thu, 11/17/2011 - 21:43 | Link to Comment Mr. Fix
Mr. Fix's picture

How long can a new con game last?

This man is simply going to steal everything that isn't nailed down.

 Everyone knows the euro zone is toast.

 The entire global economic system is in the process of collapsing,

 and it is all being done on purpose.

Thu, 11/17/2011 - 21:49 | Link to Comment paarsons
paarsons's picture

Isn't Monti just another former Goldman Sachs flunkie.

Or is my info wrong?

The motherfuckers run the world.

http://fucklloydblankfein.blogspot.com

Thu, 11/17/2011 - 22:11 | Link to Comment TheAkashicRecord
TheAkashicRecord's picture

Goldman Sachs and other international banking cartel flunkies often ascend to the higher positions in governments, regulatory agencies, etc

Thu, 11/17/2011 - 22:50 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

Mama mia!  Italy getsa da sodomy!

Thu, 11/17/2011 - 22:55 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

I spoka too soon.  Greece getsa da sodomy too!

Thu, 11/17/2011 - 23:06 | Link to Comment flacon
flacon's picture

From Urban Dictionary:

 

Monty
  A male with exceptionally large genetalia usually 11 1/2 inches or more. As in Monty Python therefore having a python as male genetalia. Partners are usually referred to as snake charmers.

 

Great.... we have a HUGE DICK HEAD as leader of Italy. Trichet in French means "Cheater", Junker means "trash", and B. SHALOM B. means "peace". Cheating peace of trash huge dick head

 

I need to go watch some more Wall Street Pro videos to get my aggression out... smoke ya later!

Thu, 11/17/2011 - 22:32 | Link to Comment paarsons
paarsons's picture

How dare you cunts give a -1.

I've killed men for less.

There ought to be a law against such outrageousness.

http://fucklloydblankfein.blogspot.com

Thu, 11/17/2011 - 23:04 | Link to Comment yabyum
yabyum's picture

Parsons, 1-800 ativan, forget the -1's. Think about your family and friends.

Fri, 11/18/2011 - 00:11 | Link to Comment XitSam
XitSam's picture

Lighten up, Francis.

Fri, 11/18/2011 - 01:41 | Link to Comment Calmyourself
Calmyourself's picture

two botttles of Jinro talking there...

Thu, 11/17/2011 - 23:08 | Link to Comment sabra1
sabra1's picture

God created world,

motherfuckers run world,

God casts motherfuckers to the underworld.

 

"I'm not a believer in the Old Testament" statement to me, signifies their hatred toward God, but not to the devil! 

Thu, 11/17/2011 - 23:30 | Link to Comment Cistercian
Cistercian's picture

I have been saying for YEARS that wall st. was the biggest 3 card monte game in the world.

  I was wrong, of course.The biggest is the global monetary system...Dollar, Euro et al.

Mega FAIL seems pretty damn inevitable...and pretty damn quick too!!

  Let's lynch the bankers!Hell yes, that's the ticket!!

Thu, 11/17/2011 - 21:56 | Link to Comment AssFire
AssFire's picture

Jeez, just relax dude... We finally got the hypersonic flying bomb; so, now we can kill anyone anywhere in the world within an hour. We can just made 1 hour martinizing look like a shitty accomplishment. Our country's culture continues to soar! Can't you see how great this all ends?

Thu, 11/17/2011 - 22:10 | Link to Comment TheAkashicRecord
TheAkashicRecord's picture

$96 million to test fly that baby, a brilliant use of resources I might add

Thu, 11/17/2011 - 22:42 | Link to Comment JustObserving
JustObserving's picture

That is significantly cheaper than our current efforts:

 

1. Taliban Field Strength: 35,000 troops
2. Taliban Killed Per Year by Coalition forces: 2,000 (best available information)
3. Pentagon Direct Costs for Afghan War for 2010: $100 billion
4. Pentagon Indirect Costs for Afghan War for 2010: $100 billion

Using the fact that 2,000 Taliban are being killed each year and that the Pentagon spends $200 billion per year on the war in Afghanistan, one simply has to divide one number into the other. That calculation reveals that $100 million is being spent to kill each Taliban soldier.

 

http://www.abovetopsecret.com/forum/thread618878/pg1

For $100,000, you could have bought the loyalty of a Taliban soldier and avoided the killing.  War is a racket

Fri, 11/18/2011 - 00:16 | Link to Comment repete
repete's picture

better yet we could send them all to college and turn them into mindless alcoholic debt slaves

Fri, 11/18/2011 - 00:29 | Link to Comment SDRII
SDRII's picture

totally irrelevant if you cant stop a barrage of ICBMs or SLBMs. Then again there have been a lot of Russian satellite failures of late.

Thu, 11/17/2011 - 21:54 | Link to Comment Harlequin001
Harlequin001's picture

So why doesn't some patriotic Italian go shoot him, and whoever replaces him? It's the only way they'll learn...

Fri, 11/18/2011 - 00:39 | Link to Comment XitSam
XitSam's picture

Strange. I can barely remember it now. But it wasn't Rome. Him and his wife. Ah, Sophie, so pretty. And that angry man, what was his name? It was a nice day, too, no shadows of the coming dark years. So many men. So many dead. Will there ever be peace for my Sarajevo? Damn you, Princip! Damn you.

Thu, 11/17/2011 - 22:13 | Link to Comment Unprepared
Unprepared's picture

A three card Monti in a Monti Sarko simulation

Fri, 11/18/2011 - 00:52 | Link to Comment MarketWatchTerrorist
MarketWatchTerrorist's picture

The Euro Zone is fine.  This is an engineered crisis.  The ends have already been exposed in plain light - the ceding of national sovereignty over to the supranational E.U. and its unelected rulers.

 

Things will get as bad as they have to get in order to coax the people into ceding national sovereignty and giving up on their notions of democracy.  The same will happen in America.

 

Welcome to the New World Order.

Thu, 11/17/2011 - 21:42 | Link to Comment Hedgetard55
Hedgetard55's picture
Eze 7:19   They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
Thu, 11/17/2011 - 22:08 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture
There shall in that time be rumors of things going astray and there shall be a great confusion as to where things really are, and nobody will really know where lieth those little things with the sort of raffia-work base, that has an attachment. At that time, a friend shall lose his friend's hammer, and the young shall not know where lieth the things possessed by their fathers that their fathers put there only just the night before, about eight o'clock.
Thu, 11/17/2011 - 22:20 | Link to Comment Hulk
Hulk's picture

Can we get that in the original Syriac???

Thu, 11/17/2011 - 22:38 | Link to Comment Yellow Tang
Yellow Tang's picture

I guess the junker does not know Monty Python.

 

Well done, sir.

Thu, 11/17/2011 - 21:42 | Link to Comment yabyum
yabyum's picture

Not very...people are getting pissed.

Thu, 11/17/2011 - 21:56 | Link to Comment DormRoom
DormRoom's picture

uhm.. China & Russia (BRICS) do not have representative in any of those Western think tank groups. 

 

Ogliarchial collectivism will not be total, until BRICS representatives come in to the fold.  Also, have you gone outside lately.  Everyone is unconscious.  They will not rise up.

 

Enjoy your time here.   don't sweat it. And soon man--in the enlightened sense--will give way to Das Man--unconscious man--biologically alive, but without humanity. You are the last man.

 

Consciousness will be unveiled again.. It may take centuries, like after the Dark Ages, but it will come.

The will of Dasein is Being.

 

You can not be conscious for those whom are unconscious.

 

Twilight of  Being.

Thu, 11/17/2011 - 22:12 | Link to Comment Fukushima Sam
Fukushima Sam's picture

Meanwhile, in reality, where you actually have to live out your life, BUY GOLD!

Thu, 11/17/2011 - 22:35 | Link to Comment Melin
Melin's picture

It's the volitional use of reason that's lacking but, to give people a bit of break, they have every right to go about their daily lives, happily (hopefully) pursuing their rational (hopefully) self-interest.  The fact that they do not see the enormous storm heading their way, even while a gusty wind or two breaks into their consciousness occassionaly is not surprising. 

Thu, 11/17/2011 - 21:50 | Link to Comment Calmyourself
Calmyourself's picture

Whether this NWO is a kleptocracy, fascism or marxist it matters not as the overriding feature will be a boot stomping a human face forever.  So those of you who want to argue this much statism is good or that much statism is better had better get with the program.  The program being standing up for freedom and liberty to make our own choices to succeed or fail within a VOLUNTARILY cooperating community with real law and order and consequences for lawbreaking especially financial and political lawbreaking as it is the most insidious  and conducive to societal rot.

Thu, 11/17/2011 - 22:11 | Link to Comment Spastica Rex
Spastica Rex's picture

Excellent post - succinct and accurate. Too late.

Thu, 11/17/2011 - 22:53 | Link to Comment kito
kito's picture

As i have said before, the italians just lost their morally depraved italian leader to a morally depraved euro leader. Id take the former any day........

Thu, 11/17/2011 - 22:47 | Link to Comment Melin
Melin's picture

It's a SocioFasciCommiKleptoCronyacracy

Perhaps we need a new word for the fashion in which they're fashioning their world.

Fri, 11/18/2011 - 00:43 | Link to Comment Bananamerican
Bananamerican's picture

"the Devil's Anvil"

Thu, 11/17/2011 - 21:51 | Link to Comment Yellowhoard
Yellowhoard's picture

Don't you know that anyone who mentions the existence of the Bilderberg Group or the Trilateral Commission is crazy?

 

Fri, 11/18/2011 - 01:59 | Link to Comment Milestones
Milestones's picture

The Trilateral Commission (Tripartation Commission) incorporated the day we bailed out of Sigaon was Japan, Europe and the U.S. to partition s.E. Asia. We did not want the Japanese to have sole access to the raw materials of the region and to keep Russia and China out.    Milestones 

Thu, 11/17/2011 - 21:55 | Link to Comment Amused2Death
Amused2Death's picture

The Full Monti

Thu, 11/17/2011 - 21:57 | Link to Comment midgetrannyporn
midgetrannyporn's picture

They usually govern from the shadows. That one is called upon to directly rule is a sign that things are falling apart badly.

Thu, 11/17/2011 - 21:58 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Mike: If you're reading this, please contact me. I would very much like to visit with you and schedule a podcast. TF

www.tfmetalsreport.com

Sat, 12/10/2011 - 00:07 | Link to Comment Janice
Janice's picture

And a damn fine podcast it was....is.

Thu, 11/17/2011 - 22:13 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Ahh yes, the old Rockefeller coalition busy at work. They had the power and money to topple and install autocratic governments all over the world during the 20th century, protecting their oil distribution network and it's vertical monopoly: Iran, Saudi Arabia, Kuwait, Indonesia, New Guinea and the Solomons, all over South America etc etc. They built palaces and when they got bored with them, they got turned into exclusive hotels all over the world. They invented the cold war, a war fought against shadows with the main objective to burn oil, build the military-industrial complex and protect autocratic pro-Rockefeller regimes. Vietnam was the best example of the false premises, false assumptions, and complete lack of validity of their predictions of impending doom without a decade worth of war. The main achievement was the extensive use of "the oil bomb" aka Napalm which created a need for...more oil to be pumped and then blown up in the jungle or on villagers

Fri, 11/18/2011 - 00:05 | Link to Comment earleflorida
earleflorida's picture

indeed,... when the newly freed citizens had asked ben franklin in philadelphia how america should fare as a new republic, he simply said we shall see. no parsing of words, just a question for another question was his response.

washington was president, but hamilton ran the show. but as fate would have it franklin knew to much, and chose not to talk, and just watch  and see himself,... while spending much of the remainder of his life in france. jefferson and madison were not fond of hamilton and his central bank philosophy. you see,... a fellow called issac roosevelt founded the 'bank of new york' in 1790 - yes, the same roosevelt family tree from which teddy & fdr evolved from, which later morphed into 'jpmc'.

the rockefellers were envolved also back then as a tool for the rothschild family.

nelson rockefeller, and brother david were advocates for eugenics for the sake of euthenics, or whatever it took to keep the world's population from growing and pristine [?] - he definitely advocated, and believed  that necessary wars culled the planet  of overpopulation. 

david rockefeller jr. doesn't fall far from the tree, and is, as some would say, the comptroller of the frb.

http://www.jpmorganchase.com/corporate/About-JPMC/document/shorthistory.pdf

ps. as the link describes in detail burr killed hamilton and subsequently merged the original bony into 'bank of the manhatten co.' in 1799

jmo 

Thu, 11/17/2011 - 22:02 | Link to Comment Yen Cross
Yen Cross's picture

 Just a small refresher course.  P.S. , I enjoy your posts T/F. Keep up the good work!  

 

     http://en.wikipedia.org/wiki/Shell_game

Thu, 11/17/2011 - 22:03 | Link to Comment anyways
anyways's picture

sucker = Schwanzlutscher

:-)

 

Thu, 11/17/2011 - 22:28 | Link to Comment DrunkenPleb
DrunkenPleb's picture

In Merkel's case... perhaps. I think the one they were looking for is more likely "der Gimpel".

Thu, 11/17/2011 - 22:04 | Link to Comment Eireann go Brach
Eireann go Brach's picture

Tyler, have you seen this report about the Irish budget being leaked to Germany, a copy of the Irish budget, due to be unveiled Dec. 6, was presented to the German Bundestag's budget committee for approval after a meeting Wednesday between German Chancellor Angela Merkel and Irish Prime Minister Enda Kenny. There is an uproar right now in Ireland about this, check out this article from the Belfast Telgraph http://www.belfasttelegraph.co.uk/news/local-national/republic-of-irelan...

Thu, 11/17/2011 - 23:11 | Link to Comment Arius
Arius's picture

that has been Nazi's plan all along...economic control of europe ..,,,, whats new?

Thu, 11/17/2011 - 22:07 | Link to Comment john39
john39's picture
PROTOCOL No. 2

1. It is indispensable for our purpose that wars, so far as possible, should not result in territorial gains: war will thus be brought on to the economic ground, where the nations will not fail to perceive in the assistance we give the strength of our predominance, and this state of things will put both sides at the mercy of our international AGENTUR; which possesses millions of eyes ever on the watch and unhampered by any limitations whatsoever. Our international rights will then wipe out national rights, in the proper sense of right, and will rule the nations precisely as the civil law of States rules the relations of their subjects among themselves.

2. The administrators, whom we shall choose from among the public, with strict regard to their capacities for servile obedience, will not be persons trained in the arts of government, and will therefore easily become pawns in our game in the hands of men of learning and genius who will be their advisers, specialists bred and reared from early childhood to rule the affairs of the whole world. As is well known to you, these specialists of ours have been drawing to fit them for rule the information they need from our political plans from the lessons of history, from observations made of the events of every moment as it passes. The GOYIM are not guided by practical use of unprejudiced historical observation, but by theoretical routine without any critical regard for consequent results. We need not, therefore, take any account of them - let them amuse themselves until the hour strikes, or live on hopes of new forms of enterprising pastime, or on the memories of all they have enjoyed. For them let that play the principal part which we have persuaded them to accept as the dictates of science (theory). It is with this object in view that we are constantly, by means of our press, arousing a blind confidence in these theories. The intellectuals of the GOYIM will puff themselves up with their knowledges and without any logical verification of them will put into effect all the information available from science, which our AGENTUR specialists have cunningly pieced together for the purpose of educating their minds in the direction we want.

http://www.biblebelievers.org.au/przion2.htm#PROTOCOL No. 2

Fri, 11/18/2011 - 11:03 | Link to Comment I did it by Occident
I did it by Occident's picture

This old fiction.  (eye roll). 

Don't believe this nonsense.  Scapegoating only hides the real truth. 

Thu, 11/17/2011 - 22:08 | Link to Comment agNau
agNau's picture

The one thing that I think was a problem for this group on their last attempt at world control WILL be eliminated this time. The one item that is standing in their way. IMO, they will not stop until they have every last ounce of GOLD.
Yours, mine, China's, Russia's.......ALL of it!

************

Australian bases for US(scratch that)meant NWO troops yesterday.
Hypersonic Bomb test results released today(able to hit any target in the world in under an hour)
Iran tomorrow.
That will complete their control of the worlds largest (readily available) oil supply. This is planned to shut down China. Put them back in a box.

Sound crazy? I think not.

Thu, 11/17/2011 - 23:45 | Link to Comment Troll Magnet
Troll Magnet's picture

they don't give a shit about gold, dude. yours or mine or anyone else's. what they are after is control. and if they can, they'll just use forces to get what they want: control.

control is their currency, not gold or silver.

Thu, 11/17/2011 - 22:11 | Link to Comment jez
jez's picture

"Didn’t you hear about the speech [Bernanke] gave in [front] of the military in Texas . . ."

============================

I may have got this wrong, but don't your military take some sort of oath about protecting America from its enemies, "foreign and domestic"?

So why did nobody in the audience shoot him? In fact, why didn't they ALL shoot him? They should be court-martialled immediately for dereliction of duty.

Thu, 11/17/2011 - 23:16 | Link to Comment margaris
margaris's picture

I watched a little bit of it.

It was in front of a selected group of happy young military.

The military speaker who introduced bernanke was full of admiration and had a lot of good things to say about him. Lol

I couldnt bare it for more than 10 min

Thu, 11/17/2011 - 22:11 | Link to Comment tekhneek
tekhneek's picture

Don't forget the other link:

"How Pizzza Became A Vegetable"

http://www.huffingtonpost.com/2011/11/16/pizza-vegetable-school-lunches-...

Thu, 11/17/2011 - 22:11 | Link to Comment Rogier
Rogier's picture

Congrats. This is beyond a shadow of a doubt the biggest piece on rubbish I've ever read.

Thu, 11/17/2011 - 22:17 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

I found it seductive.

Thu, 11/17/2011 - 22:18 | Link to Comment Yen Cross
Yen Cross's picture

+1   That dysfunctional " RAG" , met the porcelaine throne @ 7:30 A.M.  .

Thu, 11/17/2011 - 23:22 | Link to Comment sabra1
sabra1's picture

so, you're implying that pizza is not, a vegetable?

Fri, 11/18/2011 - 01:05 | Link to Comment FeralSerf
FeralSerf's picture

It's romoured that the "cheeze" is often an abiotic petroleum product.

Thu, 11/17/2011 - 22:12 | Link to Comment tkinfo
tkinfo's picture

Here is the thing. The so called TBTF group of banks are not protected. My hedge fund has been short nearly all of the banks on the list, plus several that have disappeared including Lehman brothers, since late 2007 when we first went short Citibank on a reverse split adjusted basis of almost $550 a share. The portion of the fund that is short these institutions is up almost 62%. Which means that the average firm is down by that amount, for those not familiar with short selling hedge funds. Despite the platitudes that these guys are protected, in the market they are not. My expectation is that they will all ultimately hit $0 a share, reflective of their true book value which I believe is actually negative 3-5 times the aggregate book showing up across the entire TBTF population as of the last quarter's filing.

Just be patient and let us do our work. :)

http://www.thebeareconomy.com Our daily narrative associated with our hedge fund activities.

Thu, 11/17/2011 - 22:12 | Link to Comment Spastica Rex
Spastica Rex's picture

One world GRIFTERMENT.

Thu, 11/17/2011 - 22:53 | Link to Comment Sathington Willougby
Sathington Willougby's picture

 

Federasts.

Thu, 11/17/2011 - 23:18 | Link to Comment margaris
margaris's picture

Griftopia

- matt taibbi

Thu, 11/17/2011 - 22:13 | Link to Comment mynhair
mynhair's picture

Just nuke the world, and get it over with.

Waiting really suks, and I have no Fx positions right now.

Thu, 11/17/2011 - 22:26 | Link to Comment chump666
chump666's picture

hahahahah that was funny spilled my drink.

Thu, 11/17/2011 - 22:15 | Link to Comment Sound of Silence
Sound of Silence's picture

I can only imagine the uproar that would be felt in a stable democracy if some unelected guy was appointed leader for at least 2years (no elections in Italy until 2013). Incredible

Thu, 11/17/2011 - 22:26 | Link to Comment midgetrannyporn
midgetrannyporn's picture

Ever hear of Gerald Ford? The Warren Commission?

Thu, 11/17/2011 - 23:28 | Link to Comment Doomer
Doomer's picture

I believe Ford had the distinction of at least being an elected U.S. Representative at the time he was nominated to replace Agnew as V.P. (although apparently anyone can be nominated under the 25th admendment), so not really an apples-to-apples comparison.  Of course, Nelson Rockefeller, who was not a U.S. Representative or Senator, was nomimated to replace Ford as V.P. when Ford succeeded Nixon, which is frightening to think about.

If you think about it, Ford was a de facto Prime Minister.

Fri, 11/18/2011 - 11:56 | Link to Comment boiltherich
boiltherich's picture

Or BushCo who was appointed by a one vote majority of GOP on the supreme court. 

Thu, 11/17/2011 - 22:16 | Link to Comment Silverballs
Silverballs's picture

Turn yourself into sheep the wolves will come

Thu, 11/17/2011 - 22:16 | Link to Comment Big Corked Boots
Big Corked Boots's picture

The Jon Stewart vid about Corzine was a riot. I haven't laughed so hard in months.

Unfortunately, I'm crying right now, and I'll be looking for the antidepressants before morning.

Thu, 11/17/2011 - 22:22 | Link to Comment Yen Cross
Yen Cross's picture

 Plz. post it. Been busy . I can't stand Stewart , but he's got marbles. Thanks, if you have the time.

 

    Watch out for the squeeze today.

Thu, 11/17/2011 - 22:31 | Link to Comment Big Corked Boots
Big Corked Boots's picture

It is in the article, second link from the bottom.

Here it is, assuming it works:

http://nation.foxnews.com/jon-corzine/2011/11/09/jon-stewart-makes-mince...

 

Thu, 11/17/2011 - 22:59 | Link to Comment Yen Cross
Yen Cross's picture

  Thank you. Watching it right now.

Thu, 11/17/2011 - 22:20 | Link to Comment Everyman
Everyman's picture

As I have been saying for almost 2 years, once you understand the level of corruption and criminality that exists in today's boardrooms and within CEO's and Corporate America today, you see how Penn State Situations arise.

 

Pretty soon, as I have stated there will be wholesale slaughter of Corporate BOD's, Politicians, and Financial assholes including those pricks in Academic circles.  Only then while these assholes "get it" and I am TOTALLY fine with bullets in those pricks heads.

 

If you are a jerk that cannot see that these people need to be "invited off the earth" then YOU ARE PART OF THE FUCKING PROBLEM!

Thu, 11/17/2011 - 22:34 | Link to Comment Big Corked Boots
Big Corked Boots's picture

As a former boardroom inhabitant who got "booted out" for the crime of having morals, I agree wholeheartedly.

Thu, 11/17/2011 - 22:30 | Link to Comment TheAkashicRecord
TheAkashicRecord's picture

The G20 leaders should go to Peru for a 10 day ayahuasca ceremony 

Thu, 11/17/2011 - 23:17 | Link to Comment fnord88
fnord88's picture

all of humanity should go do that.

"The thing about  psycheadelic drugs is;

they do make you realise that everything you have learnt,

is indeed just learnt, and not necessarily true.

That was 30 years ago. Today, everyfuckingthing we learn has its roots in liquid bullshit.

Fri, 11/18/2011 - 11:02 | Link to Comment TheAkashicRecord
TheAkashicRecord's picture

Yes, and that is the reason why they are frowned upon by TPTB, those experiences bring awareness to the conditioning process.

Check this news from CA 

http://tiny.cc/bt30n

Thu, 11/17/2011 - 22:30 | Link to Comment beatus12
beatus12's picture

Carney (BofC) former G.S. was just put in

charge of something fairly significant in Europe last week.

Does his new role help or hurt?

Thu, 11/17/2011 - 22:30 | Link to Comment navy62802
navy62802's picture

This scheme will eventually fail. And when it does, Europe will find itself at war again. And the US may find itself in another civil war.

Thu, 11/17/2011 - 22:41 | Link to Comment Great Depressio...
Great Depression Trader's picture

A civil war based on what? Slavery involved a moral and economic issue which sharply divided the nation with solid diveded geographical lines. If anything I see disintegration with the federal gov attempting to exert it's will upon breakaway parts of the "nation"

Thu, 11/17/2011 - 22:59 | Link to Comment FeralSerf
FeralSerf's picture

Based on states wanting to vote with their feet just like the Confederacy.

"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."

Declaration of Independence

Thu, 11/17/2011 - 23:17 | Link to Comment dwdollar
dwdollar's picture

I perceive two separate conflicts in America. The first will be the clueless, unproductive, hordes (maybe 1/3 to 1/2 of the population) who torch the big cities when the subsidies, food and supplies run out. This conflict will burn itself once its members starve to death. Afterward, there will be two different factions. On one side will be the federal government operating as a dictatorship or oligarchy hell bent on preserving the power structure. On the other side will be what's left of the productive people on which the federal government will prey upon. These productive people will band together to form the true rebellion.

Thu, 11/17/2011 - 23:24 | Link to Comment fnord88
fnord88's picture

Not sure if this is a fact or not, but read recently that there are 5 states in america, that taken together, have more licenced shooters that the sum of every army in the world, inlcuding the USA.

 

Regardless, you should still all be terrified of a few men in caves, cause THEY HATE YOUR FREEDOM.....THEY FREEDOM HATERS, WE FREEDOM LOVERS. Now shut up and spread your legs, granny could have a WMD in her pussy, anybody that objecys to me sticking a finger (or arm, or cattleprod) up there to check, is a fucking ............. (insert current boogyman).

Fri, 11/18/2011 - 00:48 | Link to Comment dwdollar
dwdollar's picture

I would like to see that study. It's probably true. I'm guessing that Texas and Oklahoma are two of those states.

Fri, 11/18/2011 - 01:18 | Link to Comment FeralSerf
FeralSerf's picture

Since when did shooters need to be licensed?  Wouldn't that be a violation of the Second Amendment?

Fri, 11/18/2011 - 01:20 | Link to Comment fnord88
fnord88's picture

Not sure, I think it was referring to deer hunters specifically. Do you need a license to hunt dear in the US?

Fri, 11/18/2011 - 08:17 | Link to Comment Abitdodgie
Abitdodgie's picture

You need a licence to do ANYTHING in the US, the land of the free.

Thu, 11/17/2011 - 22:33 | Link to Comment Great Depressio...
Great Depression Trader's picture

I would rather stand and fight and DIE rather than live in a bankster controlled one world government!!!!

Thu, 11/17/2011 - 22:33 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Standard Oil's support of war preparations in Nazi Germany was the last attempt at full globalization by the Rockefeller coalition. Germany imported 85% of finished petroleum products. The solution was to produce synthetic oil from coal, which Germany did have in good supply. The patented technology was supplied by Standard Oil via contracts with IG Farben during the 1930s. 

Thu, 11/17/2011 - 22:53 | Link to Comment Eally Ucked
Eally Ucked's picture

1913 patent by Friedrich Bergius,
1923 Franz Fisher&Hans Tropsch process, Standard Oil?

Fri, 11/18/2011 - 00:08 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Standard oil set up two agreements with IG Farben to license patents and to finance their use since coal liquifaction wasn't commerically viable yet because so much oil was still being discovered at that time. 1929 IG and Standard formed a joint venture in Germany to which Ig transfered the rights to the Bergius process. Later, a second company named JASCO was formed which held the other patents jointly for coal liquifaction and synthetic rubber production. In each case Standard was the financial muscle power 

Fri, 11/18/2011 - 00:34 | Link to Comment DavidPierre
DavidPierre's picture

 

Can't be havin' no one speaking the truth in the land of the free.

William E. Dodd, U.S. Ambassador to Germany, reports to President Roosevelt in 1937 that...

“A clique of U.S. industrialists is hell-bent to bring a fascist state to supplant our democratic government in the U.S. and is working closely with the fascist regimes in Germany and Italy.

I have had plenty of opportunity in my post in Berlin to witness how close some of our American ruling families are to the Nazi regime. Certain American industrialists had a great deal to do with bringing fascist regimes into being in both Germany and Italy.

They extended aid to help Fascism occupy the seat of power, and they are helping to keep it there.”

Representatives of the Duponts' and General Motors meet in the same year in Boston with Baron Manfred von Killinger, Nazi Germany's West Coast chief of espionage, and Baron von Tippleskirsch, Nazi Germany's Consul General in the U.S. and a Gestapo officer, in Boston.

The group signs an agreement showing total commitment to the Nazi cause and agrees to make every effort to remove Franklin Roosevelt as president replacing him with a fuhrer friendlier to the Nazis such as Senator Burton K. Wheeler.

They further agree that Jewish influence in the U.S. must be eradicated and that the U.S. mass media should be be used to discredit the Roosevelt regime.

Although the agreement is made in the strictest secrecy, Representative John M. Coffee of Washington uncovers it and will have the entire text entered into the Congressional Record in August 1942.

Nazi armaments maker, Ford, not only produces military vehicles for the Nazis inside Germany itself, but also manufactures military vehicles for the Nazis in the U.S. and exports them for final assembly at Ford-Werke in Cologne.

The military trucks are ready just in time to be used in Hitler's invasion and occupation of Czechoslovakia in the spring of 1939. Ford also supplies strategic war materials to the Nazis via subsidiaries in third countries.

In early 1937 alone, Ford supplies the Nazi war machine with almost two million pounds of rubber and 130,000 pounds of copper.

At the same time, General Motors is busily making military vehicles, including tanks, for the Nazis which will soon be used in the invasions of Czechoslovakia, Poland and France.

Following World War Two, a U.S. Army report will state:

"Of the 350,000 trucks which the motorized German army possessed in 1942, 100,000 to 120,000 were Ford-built.

 Of the Wehrmacht's total of 650,000 mobile units of all kinds, 15 to 20% were built by Ford, including approximately 10,000 half-tracks."

The Rockefellers' propaganda maven, Ivy Lee, creates a wealth of pro-IG Farben and pro-Nazi propaganda and has no trouble at all getting it into the U.S. mass media.

William "Stamps" Farrish is made president of the Rockefellers' Standard Oil and moves his offices to Rockefeller Center in New York City, where he schmoozes with Hermann Schmitz, chairman of the Nazi chemical combine IG Farben.

Farrish hires Nazi crews for Standard Oil tankers and hires Emil Helfferich, chairman of the Walker-Bush-Harriman controlled Hamburg-Amerika Line, as chairman of the Standard Oil subsidiary in Germany.

Helfferich is authorized to write checks to SS head Heinrich Himmler, on a special Standard Oil account.

The payments from the Rockefellers' Standard Oil to the SS continue into 1944, during the period when that organization is supervising the mass murder of Jews and other "subhumans" at Auschwitz concentration camp, a joint venture of Standard Oil and IG Farben.

Four months after the forced annexation of Austria by the Nazis, Henry Ford accepts the Grand Cross of the Supreme Order of the German Eagle for his invaluable contributions to the Third Reich.

Ford’s services include large cash donations to the Nazis to finance their takeover of Germany, the manufacture of thousands of military vehicles and warplane engines to power the Nazi conquest of Europe and Britain and the supply of vital war materials.

Ford is the first American and only the fourth person in the world to receive the highest decoration which the Reich can give to a non-German. One of Fords' brother honorees is none other than Il Duce, Benito Mussolini.

In addition to his crucial contributions of money and vital raw materials and armaments to the Nazis, Ford endears himself to Hitler by writing and publishing The International Jew: The World's Foremost Problem, an anti-Semitic tract worthy of old Adolf himself.

Or would it be more accurate to say that Mein Kampf was a tract worthy of Henry Ford himself?

At a time when the U.S. is routinely refusing admission to Jews escaping from the Nazis, the family of one Heinz Kissinger is admitted to the U.S. In 1943, the young Heinz Kissinger, to be known henceforth as "Henry", is drafted and eventually ends up in the U.S. Army in the city of Krefeld in occupied Germany near the end of the war.

Clearly, someone has spotted Kissinger's peculiar talents since Kissinger, a lowly private, is made administrator, virtual dictator, of the city of Krefeld, where he commandeers a villa and lives sumptuously.

Herr Kissinger then works as principal assistant to General Alexander Bollings, the “godfather” of America's Project Paperclip which organizes the escape of thousands of Nazi war criminals, including Joseph Mengele and Klaus Barbie, from Europe to the United States and South America.

Kissinger then moves to the European Command Intelligence School in Oberammergau where he trains agents to hunt down Nazi war criminals and mass murderers, not to be tried for their war crimes, but to recruit them to employ their well-honed skills directly on behalf of the government of the United States of America.

Now, what's a nice Jewish boy doing helping all these Nazi war criminals to escape justice?

 

 

 

 

 

 

Thu, 11/17/2011 - 22:39 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

CRUDE back on the bids... http://hedge.ly/utn6NM

Thu, 11/17/2011 - 22:39 | Link to Comment RoiBoi
RoiBoi's picture

'scientist' is my new fave insult.

http://www.express.co.uk/posts/view/284426/EU-says-water-is-not-healthy

 

Friday morning is all planned out:

GOING LONG BRAWNDO!

 

Thu, 11/17/2011 - 22:43 | Link to Comment YesWeKahn
YesWeKahn's picture

Bernanke isn't just a maniac, he is a legal criminal.

Thu, 11/17/2011 - 22:50 | Link to Comment monopoly
monopoly's picture

And here in America they watch Survivor and Desperate Housewives. We are truly screwed. Super article.

Thu, 11/17/2011 - 23:08 | Link to Comment John McCloy
John McCloy's picture

Mike must have been listening to Gerald Celente the other day because he repeated precisely the same things regarding Super Mario being a former Bilderberg, Tri-Lateral commission member and an agent of the bankers who is called off of the bench of those who truly rule global policy. The true barometer of power need only be measured in the depths of their roster to without fail recycle and cycle in their pals into positions of power that in supposed positions of public service can always be found to protect their own and ensure that the banking class remains immune to the rule of law and economic risk. 

   The White Shoe Boys.

Gerald Celente:

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

Go to about 3:00 in. 

Thu, 11/17/2011 - 23:13 | Link to Comment Josh Randall
Josh Randall's picture

They really screwed the pooch by swiping Celente's gold, cash and positions. A louder more effective orator on the talk show circuit there isn't -- hang tough Gerald and the countless others that got stung by the Bankster gang

Thu, 11/17/2011 - 23:49 | Link to Comment John McCloy
John McCloy's picture

Agreed Josh...he really has a gift at getting the point across of exactly what is occuring and who is responsible. When he calls them a more politically refined version of the mafia without names that end in vowels you better believe this is the truth.

Thu, 11/17/2011 - 23:07 | Link to Comment mbtshoe
mbtshoe's picture

was almost out of the three ply Lehman's I picked up at a fire sale a couple of years back. I'll need something with the extra comfort a discerning gentleman like myself requires soon.Christian Louboutin Heels Alexander Wang Shoes Christian Louboutin Sale Discount Christian Louboutin Shoes Womens UGG Boots
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Vote up!1
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Short crude oil. The world is swiming in oil as everything else. Its elevated price is just a scam. The probability of war is zero. Uncle Sam can´t go to war against Iran because both its flanks are insecure. The left flank goes to the Straits of Hormuz and if that is closed this means crude price $300 and Stalingrad for US forces in Iraq and other US vassal states in the gulf. As for the right flank that supply line goes through Pakistan. It´s shaky enough as it is.

Thu, 11/17/2011 - 23:04 | Link to Comment Deadpool
Deadpool's picture

anyone know a good, thoughtful book on Rockerfeller, Trilateral, Bilderberg?

Fri, 11/18/2011 - 00:00 | Link to Comment Randall Cabot
Thu, 11/17/2011 - 23:08 | Link to Comment Eireann go Brach
Eireann go Brach's picture

Time to call in the IRA to give some Italians training classes on how to mix up a nice Irish car bomb cocktail that can be deliberately placed under the hood of Monte's Italian automobile!

Thu, 11/17/2011 - 23:08 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

...............Fuck the Trilateral Commission..................

If you do not know about these fucking scumbags,please take some time and google them on up.

And not their propaganda site,use your better judgement by who sits on the board and who it's members are and who ELECTED THEM.....

no one.

Thu, 11/17/2011 - 23:18 | Link to Comment quacker
quacker's picture

 

Then in that day the Lord will looketh upon the iniquity of the rulers; He will looketh upon the vanity and iniquity they have brought among the nations. And the Lord will smote them in his wrath, and upon his lowly servants the Lord will looketh with favor and say silver bitchez. 

 -Made up shit 1:1

 

Fri, 11/18/2011 - 01:10 | Link to Comment XitSam
XitSam's picture

Will smite or did smote. Plusses for style.

Thu, 11/17/2011 - 23:28 | Link to Comment sasebo
sasebo's picture

Power is an illusion - you don't take it, you are given it by those who don't resist your efforts. What is it, several hundred million vs a couple dozen? Ain't going to happen, sorry. Just wait till a few million have nothing to lose.

Thu, 11/17/2011 - 23:50 | Link to Comment devo
devo's picture

A few million with sticks and stones are no problem for the twelve who own tanks.

Fri, 11/18/2011 - 00:56 | Link to Comment Calmyourself
Calmyourself's picture

Do they ever get out of the tank?

Thu, 11/17/2011 - 23:56 | Link to Comment devo
devo's picture

It's great to outline what is happening, but even better is outlining how we counter-act and stop this. "We can't stop it" or "people are lazy idiots" isn't really an answer. People would fight against this if they knew, so I think informing people (before blogs are banned) is a first priority. Posting it here is a good start, but get OWS et al involved. The message needs a bigger audience and proper delivery.

I'm ready to go if you guys need me.

Fri, 11/18/2011 - 01:03 | Link to Comment MarketWatchTerrorist
MarketWatchTerrorist's picture

There is no escape from the NWO.  If it were as simple as leaving one country for another I'd do it tomorrow.  But that's the point, world wide tyranny.

 

I suppose cheating the system as much as possible and living outside of it to the greatest extent possible is a way.  But moving into a log cabin in the woods somewhere to live like the Unabomber doesn't appeal to me.

 

If you want to be a part of society, you must comply.  When they introduce the new global fiat currency you'll have to convert your fed notes over to it if you want to be a part of their glorious New World Order.

 

Truthfully the process is happening now.  The choices are being thrust upon us - do we want to be a part of the NWO or do we wish to be cast out of civilization?  The global banking elite are dragging the sheeple into the NWO, and it's going to happen.  The only question for you as a person aware of what's happening is, "do I want to go with them?"  If not, you will find your life quite difficult indeed soon enough.

Fri, 11/18/2011 - 00:56 | Link to Comment MarketWatchTerrorist
MarketWatchTerrorist's picture

Welcome to the New World Order.

 

The supposed "E.U. crisis" with pending "collapse" is a ruse.  All engineered to coax the people into giving up national sovereignty to the unelected transnational rulers of the European super state.  There will be no collapse of the E.U. and there will be no escape allowed for its member states.  Neither Greece nor Italy shall be allowed a peaceful exit.  No more than the Southern states were allowed a peaceful exit from the United States.  You see, once you cede the least bit of sovereignty you have lost all of it, forever.  It's just a matter of how much pain must be inflicted on you over how long a time frame before you accept it.

 

It's out in the open for all to see.  Germany calls for all member states of the E.U. to cede national sovereignty to the super state and its unelected rulers.  So it shall be.

Fri, 11/18/2011 - 01:12 | Link to Comment CapitalistRock
CapitalistRock's picture

You aren't good with math are you?

Fri, 11/18/2011 - 01:43 | Link to Comment MarketWatchTerrorist
MarketWatchTerrorist's picture

The numbers are part of a game created by men and controlled by men.  Those figures are theirs to manipulate at will.

 

Here's how it went, step by step:

 

1. Create a global economic system where currency is backed by nothing

2. Lend as much money as governments are stupid enough to take

3. Governments get themselves into impossibly huge debts

4. Start making demands of them, such as giving up national sovereignty to unelected rulers of your choice in a transnational government

5. Fix the debt "crisis"

6. Your descendants rule humanity forever under the neo-feudal New World Order

 

Your problem is you think the financial system either developed organically or is based on a set of rules.  It was developed by a small set of men and is run solely for their benefit, and they MAKE the rules.

Fri, 11/18/2011 - 10:30 | Link to Comment paint it red ca...
paint it red call it hell's picture

the thought occured to me that the NWO has had Plan A screwed and have moved on to Plan B, installation of fixers at the top. Kreiger could well be correct in that assets are being back doored out of their respective countrys by the fixers to cover the asses of the institutions that brought us this mess.

or maybe not................

Fri, 11/18/2011 - 01:10 | Link to Comment CapitalistRock
CapitalistRock's picture

When a country defaults it rarely sells its gold and antiquities to try and delay the default or pay creditors. Italy's gold is very safe right now. It is unlikely they could introduce a new currency without gold backing should they leave the euro and need to. For this reason the gold will be last thing they sell.

Think about it: what the heck do they gain now by selling their gold? It's far more profitable to simply walk away from their debts and the euro and use the gold to introduce sound currency within Italy. Never mind the fact that you could temporarily collapse gold prices by putting just a tiny percentage of their gold reserves on the market. There isn't enough liquidity for them to sell unless they find a central bank buyer.

This has been played out for centuries. Read "It's Different This Time" for a great analysis of what sovereign defaults have looked like in history. Tons of data in this book.

Buy gold if you haven't already, or be a sheep.

Fri, 11/18/2011 - 01:39 | Link to Comment FeralSerf
FeralSerf's picture

Italy's gold is probably about as safe as America's gold was during the Clinton administration.  "Gold?  We don't need no stinkin' gold."

"Think about it: what the heck do they gain now by selling their gold? It's far more profitable to simply walk away from their debts and the euro and use the gold to introduce sound currency within Italy."

Maybe this is the reason that Super Mario needs to be supervising (the disposition of) Italy's gold reserves?

I think the Italians are fucked.

Sat, 11/19/2011 - 21:51 | Link to Comment Tompooz
Tompooz's picture

"Gold?  We don't need no stinkin' gold."

 

Pecunia non olet.

They are no stupido and they will find their ways to stay free.

Long live Italy!

Fri, 11/18/2011 - 02:08 | Link to Comment dark pools of soros
dark pools of soros's picture

Silver and Solars to the mOOn!!!!!  oh.. next year!! or ..  the one after that!!

Fri, 11/18/2011 - 02:15 | Link to Comment Peter K
Peter K's picture

Krieger is an idiot. Nuf said. Didn't even bother to read the piece.

Fri, 11/18/2011 - 06:36 | Link to Comment gong li
gong li's picture

Are you serious?

I mean, do you believe to this pixelated pile of bullshit coming from Krieger? I used to think you were a sort of financial debunker, c'mon Tyiler, do yourself a favour and stop publishing this moronic stuff.

Yours,

gong li

Fri, 11/18/2011 - 09:10 | Link to Comment bugs_
bugs_'s picture

montibank

Fri, 11/18/2011 - 10:44 | Link to Comment bobbydelgreco
bobbydelgreco's picture

don't worry about the italians they have a solutuion it's called the black market;evey one will be involved;every one! tax revenues will disapear

Fri, 11/18/2011 - 10:59 | Link to Comment Stuck on Zero
Stuck on Zero's picture

What's the problem with the post office?  They deliver tons of junk mail at subsidized rates and lose your expensive first class mail.  Did they ever try delivering email?

Fri, 11/18/2011 - 11:30 | Link to Comment Archduke
Archduke's picture

in an ideal democracy a crisis is precisely when you want an election or plebiscite.

after all the true test of a boat happens in a gale and not on calm windless seas.

 

now note that italy is not quite a parliamentary democracy, but a hybrid presidential republic.

that is cabinet members are nominated by drecree from the prime minister, and don't have

to have been elected members of either house of parliament in order to qualify for office.

parliament, however, must vet and approve these nominations via a vote of confidence,

which apparently they have.  so in this case, italian "democracy" has been respected.

 

note that all houses of parliament are more than eager to delegate powers to this coterie

for a short term, allowing them to make the tough calls and take the rap for it afterwards.

italy has a long tradition of this sort of voluntary tyrany: recall the Caesar dictatorships.

then again, they accepted strippers and escorts, so the criterion for entry is pretty easy. 

 

also note that in theory this is temporary: there should be pending general elections.

 

there should be a conflict of interest clause excluding, for example, serving corporate CEOs,

with a mandatory time delay and job restiction before and after public office, but there isn't.

 

a global government may not be such a bad thing.  Jared Diamond argues that increasing

scope of political systems has brough us more safety and prosperity, from bands to kingdoms

and nation-states.  I for one don't think modern europe is less-free compared to pre WWI days,

but why don't they come out and propose it in the open?  we should be able to decide for ourselves.

in fact if global governance eliminates fiscal money laundering paradises like liechtenstein, the holy see,

and restores fairer taxation (by which I mean increased for TPTB and reduced for plebes) I'm all for it.

but the point is that's only my view.  plebiscite should decide.

 

except for metric and driving on the right.

which I'll impose by force, plebians.

 

 

 

 

Fri, 11/18/2011 - 11:28 | Link to Comment Georgesblog
Georgesblog's picture

You don't have to know a whole lot about political systems, anywhere. All you have to do is recognize a thief, when you see one. People seemed to go on with life, after the European disaster, yesterday. They talk like it doesn't mean anything to them. Well, in the short term, maybe not. After they lose their jobs or can't get a loan, then they might notice. It's time I wrote an update on "Wage Slave 2012". I see a few surprises in the coming year.

http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/

Fri, 11/18/2011 - 13:57 | Link to Comment GeeWaitTill2012
GeeWaitTill2012's picture

Does anyone know how to sign up for the "Tony Greer e-mails" recommended by Mike? Thx.

Sat, 11/19/2011 - 21:45 | Link to Comment Tompooz
Tompooz's picture

I don't mind world government...as long as we, the citizens, can get off the planet.

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