• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

The Monster Has Awakened

Tyler Durden's picture




 

Via Mark J. Grant, Author of Out of the Box,

 

"I was answered through the stillness of night by a loud and fiendish laugh. It rang on my ears long and heavily; the mountains re-echoed it, and I felt as if all Hell surrounded me with mockery and laughter."
 
                                              -Mary Shelley, Frankenstein
 
The most significant event of yesterday was not the Spanish banking system unlocking the door to the horror chamber and clicking the melt-down button that it found on the wall but what happened at the European Union. That which had been created woke and in its new found consciousness sat upright and staring into the void it turned upon its Master. It should not have come as a surprise, I suppose, but the mockery of the beast was a frightening sight.
 
For thirteen years the nations of Europe had worked, slaved, propped up their egos with their ministrations and yesterday the Creation came into its own mind and threw off the shackles in which it had been bound and leapt up upon the table and announced that it no longer belonged to any man and that the chains that had held it would not enslave it any longer. Brussels turned, and looking Berlin squarely in the eye, it used impolite words and gestures and essentially said:

"Stick it."

Those living in Belgium, created and paid for by the nations on the Continent, cast off their shackles and announced themselves free men. To some extent it was the fruition of them believing their own proclamations and to some extent it was their believing the dreams that had been foisted upon them but in the end, which occurred just yesterday, they demanded their own Manifest Destiny and announced it to the world.
 
Brussels has now called for Eurobonds, has called for the ESM to fund the European banks and it a sign of their new felt independence, has thrown all of this squarely in the face of Germany, the Netherlands, Finland et al who are providing the money. Firstly, and most humorously, there is no ESM at present; it does not exist. The markets spiked initially yesterday when Brussels made its grand pronouncement until the collective mind realized that what was called for was only resident in the imagination of those living in Belgium and was not a reality yet, if ever, in the real world. It was rather humorous to be frank, watching billions of Dollars and Euros change hands based upon a fantasy tossed out and written in officialdom for all to read. This was not even reliance upon some contingent asset or promise to pay because the mechanism, while much discussed and surely endorsed by most, had not yet come into existence so that it was rather like talking about what present you would like to get on your next birthday.
 
Finland emerged from the thaw first and said, “No,” to be followed by Germany that woke up and said “No” and the markets quickly came back to their senses but Brussels had already let the cat out of the bag and it remains to jump up now at any time and scratch everyone rakishly across the face. The European Union, like some amoeba dividing, is itself dividing with the nations needing funding, joined by the bureaucrats in Belgium, demanding total equality where everyone in Europe is to live exactly the same and with the exact same standards of living. This plays out well in Portugal, Greece, Spain et al but not so much in Germany, Austria and the Netherlands. However it all goes down I can assure you, one hundred percent, that in the end Berlin will not allow itself to decline to the extent that their lifestyle is exactly the same as those in Athens and Lisbon. That will NOT be happening in this lifetime!
 
France, the middle player and the supporter of Germany in times past is now firmly aligned with those demanding cohesion. The game has changed. It will no longer be push and shove and muddle through but convictions and ideology that are in stark opposition so that surprises and inflamed statements will become the order of the day and not the exception. If it is to be either Germany for the Germans or Germany for the citizens of Athens, make no mistake in your thinking; Berlin will prevail regardless of the outlying costs to either the nation or to the future of the Union that theoretically governs Europe.
 
"Mingled with this horror, I felt the bitterness of disappointment; dreams that had been my food and pleasant rest for so long a space were now become a Hell to me; and the change was so rapid, the overthrow so complete!"
 
                                                              -Mary Shelley, Frankenstein

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Thu, 05/31/2012 - 10:25 | 2479334 Ahmeexnal
Ahmeexnal's picture

War and Pain

Thu, 05/31/2012 - 10:26 | 2479342 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

Frankenstein, bitches!

Thu, 05/31/2012 - 10:30 | 2479366 redpill
redpill's picture

The beast has turned on its master, and it's going to eat its face off like a transient on bath salts.

Thu, 05/31/2012 - 10:35 | 2479400 Ahmeexnal
Ahmeexnal's picture

Ahmeexnal thinks eurusd will break the 1.22 handle this week.

Thu, 05/31/2012 - 10:41 | 2479444 resurger
resurger's picture

FB will break the 25 handle tomorrow if not today

Thu, 05/31/2012 - 10:56 | 2479523 Nothing To See Here
Nothing To See Here's picture

After that, let the FaceGate begin...

Thu, 05/31/2012 - 12:08 | 2479869 metastar
metastar's picture

Captain Angela Merkel: Computer, this is Captain Angela Merkel of the U S S Enterprise; DESTRUCT SEQUENCE 1 code 1-1-a.

Computer voice: Voice and code 1-1-a verified & correct Sequence 1 complete.

Captain Angela Merkel: Mr. Hollande?

Mr. Hollande: This is Commander Hollande, Science Officer; destruct sequence number 2 code 1-1-a-2-b.

Computer voice: Voice and code verified & correct Sequence 2 complete.

Captain Angela Merkel: Mr. Draghi?

L Cmdr. Montgomery 'Draghiy' Draghi: This is L Cmdr. Draghi, Chief Engineering officer of the U S S Enterprise. Destruct sequence number 3: code 1-b-2-b-3.

Computer voice: Voice and code 1-b-2-b-3 verified & correct destruct sequence completed and engaged. Awaiting final code for 30 second countdown.

Captain Angela Merkel: Mr. Hollande, has the ship returned to the course set for it by my orders?

Mr. Hollande: Negative captain, we are still headed directly for Financial Calamity

Mr. Hollande: Destruct sequence engaged. Awaiting final code for 30 second countdown.

Captain Angela Merkel: Computer, this is Captain Angela Merkel of the U S S Enterprise; begin 30 second countdown. Code zero-zero-destruct-zero.

Computer voice: 30 seconds... 29... 28... 27...

Thu, 05/31/2012 - 12:26 | 2479958 Citxmech
Citxmech's picture

Well done, sir.

<applause>

Thu, 05/31/2012 - 22:20 | 2482234 mjcOH1
mjcOH1's picture

"Brussels turned, and looking Berlin squarely in the eye, it used impolite words and gestures and essentially said: "Stick it."

Brussels had damn well better come up with a few million productive workers and savers and a current account balance, or Brussels will be kissing the asphalt.

Thu, 05/31/2012 - 16:23 | 2481047 mkkby
mkkby's picture

Indeed, nothing to see here...  the age old story.  The socialists feel entitled to someone else's money.  The producers say I'll keep what's mine, fuck you very much. 

It will go on until they run out of other people's money, or the producers get smart and fire all the leeches.

Thu, 05/31/2012 - 11:04 | 2479550 Precious
Precious's picture

"Dinosaur" is a more appropriate metaphor.  Heavily centralized structures like EU are helpless against the new forms of organization that the internet is spawning.  Loosely organized, autonomous networks are the future, not centralized bureaucracies.  

Ants, in their colonies, are the most populous creature on land, not dinosaurs and Frankensteins.  The sounds you hear are the dying cries of the obsolete institutions.

Thu, 05/31/2012 - 11:14 | 2479613 justinius1969
justinius1969's picture

will get bumholed to $10 by end of summer...

Thu, 05/31/2012 - 14:43 | 2480698 Cupid Stunt
Cupid Stunt's picture

The beast turning on it`s masters...http://www.youtube.com/watch?v=7xnNhzgcWTk

 

 

Thu, 05/31/2012 - 12:48 | 2480088 noses
noses's picture

Frankenswine, to be more precise.

Thu, 05/31/2012 - 11:11 | 2479604 somecallmetimmah
somecallmetimmah's picture

They've done 'war'.  'Pain' ends when Germany decides they've had enough of this childish, euro-trash nonsense.

Thu, 05/31/2012 - 11:14 | 2479616 Precious
Precious's picture

The Germans invented Eurotrash.

Thu, 05/31/2012 - 11:33 | 2479683 Lucius Corneliu...
Lucius Cornelius Sulla's picture

I doubt there will be war.  The Europeans got that out of their system in the 20th century.

Thu, 05/31/2012 - 10:26 | 2479339 taniquetil
taniquetil's picture

I seem to remember that Germany declared unified Eurobonds to be a violation of its constitution. Can anyone confirm?

Thu, 05/31/2012 - 10:26 | 2479344 slaughterer
slaughterer's picture

26 handle for FaceShit in site.  

Thu, 05/31/2012 - 10:28 | 2479359 ArrestBobRubin
ArrestBobRubin's picture

Shorties be wildin'

Thu, 05/31/2012 - 11:23 | 2479645 Ahmeexnal
Ahmeexnal's picture

EuroBONGS for all!

Thu, 05/31/2012 - 10:49 | 2479480 Soul Train
Soul Train's picture

FaceShit, or FartBook, what's the difference?

Just another example of greed, fraud, stupidity and bankster jerks lacking professionalism.

Imagine, just a few short weeks ago, all the expert talking heads were offering analysis support for the stock to sell in the upper 30s, 40s and some even 50-60.

Ha ha - bunch of blowhards JPM, MS, GS, the whole lot.

Thu, 05/31/2012 - 11:26 | 2479655 A Nanny Moose
A Nanny Moose's picture

ShaceFit

Thu, 05/31/2012 - 10:31 | 2479387 misterc
misterc's picture

Yes, but more in a "offer us corrupt constitutional judges who we are all official individual members of the ruling political parties a superficial workaround so we can have our cake and eat it too"-way.

Thu, 05/31/2012 - 10:41 | 2479449 BandGap
BandGap's picture

That is true, and the follow up with german judges gave it a snowballs chance in hell of being constitutional.

Thu, 05/31/2012 - 15:57 | 2480969 ConfederateH
ConfederateH's picture

Germany is learning just who exactly controls the printing presses.

Thu, 05/31/2012 - 10:26 | 2479343 the not so migh...
the not so mighty maximiza's picture

Eurobonds are illegal

Thu, 05/31/2012 - 10:30 | 2479364 Ahmeexnal
Ahmeexnal's picture

It's OK as long as you don't inhale them.

Thu, 05/31/2012 - 10:30 | 2479376 redpill
redpill's picture

The Choom Gang used to smoke fffaattt eurobonds

Thu, 05/31/2012 - 10:46 | 2479479 brooklynlou
brooklynlou's picture

If this keeps up, Joker rolling paper will be worth more than Euros

Thu, 05/31/2012 - 10:50 | 2479501 EverythingEviL
EverythingEviL's picture

Oh god that story is still making me laugh....You can't make that shit up.  Choomwagon FTW

Thu, 05/31/2012 - 10:57 | 2479524 Hugh_Jorgan
Hugh_Jorgan's picture

The best is when you and you bros smoke the a fat eurobond in the car and then crawl around amongst in the candy wrappers and dried french fries to suck up "floor hits" off the smoke collects down there on the bottom.

Or at least I've read that is how it works... ahem. Yes.

Thu, 05/31/2012 - 10:27 | 2479350 Cognitive Dissonance
Cognitive Dissonance's picture

It seems that even when Germany loses a battle (or two), it often wins the financial war(s).

Thu, 05/31/2012 - 10:48 | 2479492 brooklynlou
brooklynlou's picture

Actually its the other way around. Historically the Germans have a short sighted view of strategic goals. As a result they tend to win the early battles but lose the war*

* See WW1, WW2 and we may just add the Euro [WW3] to the list.

Thu, 05/31/2012 - 11:37 | 2479705 ParkAveFlasher
ParkAveFlasher's picture

I'll see that comment and raise you 10 Bavarian castle vaults brimming with plundered gold. 

Thu, 05/31/2012 - 10:27 | 2479351 slaughterer
slaughterer's picture

Eurobonds sind VERBOTEN!

Thu, 05/31/2012 - 10:27 | 2479352 ArrestBobRubin
ArrestBobRubin's picture

No one could have seen this coming!

Thu, 05/31/2012 - 10:27 | 2479354 Al Capowned
Al Capowned's picture

My mommy always said there were no monsters - no real ones - but there are.

Thu, 05/31/2012 - 10:31 | 2479384 ArrestBobRubin
ArrestBobRubin's picture

Get Mommy a Remington 870 Tactical 12 gauge slide action shotgun to help clean up the real ones.

Thu, 05/31/2012 - 10:37 | 2479414 Al Capowned
Al Capowned's picture

I dont think they sell those in the UK, most you can get here is a gun which has a 'BANG' flag come out the barrel when you pull the trigger,

 

Thu, 05/31/2012 - 11:01 | 2479542 LFMayor
LFMayor's picture

Then make her a ransuer, volgue or a spetum.  It takes weapons to fight for your freedom.

Thu, 05/31/2012 - 16:25 | 2481056 Things that go bump
Things that go bump's picture

You can make your own, you know.  Look up z i p _ _ n.  They were widely used in the states in the 50s.  Money was hard to come by in those days, so people just used a length of pipe and made do.  They did the job, but were occasionally known to blow up in the users hand.  I don't know how you would get the lead for it.  I imagine that is controlled too.   Unfortunate incidents involving guns are the price that is paid.  

 

Once you let your government disarm you, you are screwed.  The urge is always for greater and greater control of the subject population.  Soon enough they want to regulate every aspect of everyone's life.  They'll regulate the number of children you can have, like China.  I'm surprised they haven't demanded that children be raised by the state so that they can be properly indoctrinated. 

Thu, 05/31/2012 - 10:36 | 2479409 CrashisOptimistic
CrashisOptimistic's picture

Newt!

Thu, 05/31/2012 - 10:37 | 2479424 IAmNotMark
IAmNotMark's picture

I love that quote.  I love that movie!

Game over, man!  Game over!

Thu, 05/31/2012 - 11:27 | 2479661 ZeroHour
ZeroHour's picture

"I say we take off and nuke the entire sight from orbit"

Thu, 05/31/2012 - 13:58 | 2480482 EINSILVERGUY
EINSILVERGUY's picture

"only way to be sure"

Thu, 05/31/2012 - 13:33 | 2480355 RealFinney
RealFinney's picture

Newt, these men are Ivy League economics professors, they're here to help.

Thu, 05/31/2012 - 10:28 | 2479356 AccreditedEYE
AccreditedEYE's picture

Berlin! Please show the world that profligate behavior has consequences!! Stand strong!

Thu, 05/31/2012 - 11:08 | 2479588 ThirdWorldDude
ThirdWorldDude's picture

Starv the f#cking beast! Let the Eurocrats eat Lagarde!

Thu, 05/31/2012 - 10:28 | 2479358 q99x2
q99x2's picture

Bring back mood rings.

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