No Private Losses And EFSF x2

Tyler Durden's picture

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Careless Whisper's picture

The Careless Whisper Afternoon Update And Threadjacking

 

Bigshot At U.S Trust Co. Manages $360 Billion Of Your Pensions: Don't Believe That The S&P 500 Is Down 19% For The Decade; We Figure It's Up 66%

http://www.businessweek.com/news/2011-12-06/no-lost-decade-for-s-p-500-a...

Admitted: Clinton Works For Rockefellers; Called "Expended Family" (see last 2 paragraphs)

http://www.humanevents.com/article.php?id=47938

AG Holder Accused Of Violating "Kingpin Act" By Its Author

http://pjmedia.com/blog/gunwalker-justice-dept-violated-us-laws/?singlep...

Florida Loses 12,000 Construction Jobs In October

http://www.sun-sentinel.com/business/careers/ask-marcia/sfl-florida-cons...

Chinese Government; Rumor Spreaders On Internet Same As Drug Dealers (Drug Dealers Get Death Penalty In China)

http://digicha.com/index.php/2011/12/attack-creators-and-propagators-of-...

MUSIC VIDEO OF THE DAY: "It's A Liberty Walk" Miley Cyrus (Rock Mafia Remix)

http://www.youtube.com/watch?v=Ovs0fpFgeqw

Liberty Nothing New To Miley Cyrus; VIDEO: "Liberty Walk" Performed Live Two Years Ago

http://www.youtube.com/watch?v=9crtkgo5vnY

Chris Jusset's picture

"they are back to grasping at straws."

The Eurozone is OUT OF MONEY ... they are BROKE ... so the only remedy they have remaining is grasping at straws.

 

How many more meetings will Merkel and Sarkozy have until they realize this?

TruthInSunshine's picture

 

 

If a guaranteed repayment with a lot of something worth nothing on a massive loan is good, an even larger guaranteed repayment with even more of something worth nothing on an even more massive loan is better.

Give what's left of your sovereign infrastructure, sovereign rights and at least pledge what can't be given (inalienable rights) to the Money Masters, nouveau feudal serfs of the EU.

2+2=5

 

"Comrades!" he cried. "You do not imagine, I hope, that we pigs are doing this in a spirit of selfishness and privilege? Many of us actually dislike milk and apples. I dislike them myself. Our sole object in taking these things is to preserve our health. Milk and apples (this has been proved by Science, comrades) contain substances absolutely necessary to the well-being of a pig. We pigs are brainworkers. The whole management and organisation of this farm depend on us. Day and night we are watching over your welfare. It is for YOUR sake that we drink that milk and eat those apples. Do you know what would happen if we pigs failed in our duty? Jones would come back! Yes, Jones would come back! Surely, comrades," cried Squealer almost pleadingly, skipping from side to side and whisking his tail, "surely there is no one among you who wants to see Jones come back?"
Now if there was one thing that the animals were completely certain of, it was that they did not want Jones back. When it was put to them in this light, they had no more to say. The importance of keeping the pigs in good health was all too obvious. So it was agreed without further argument that the milk and the windfall apples (and also the main crop of apples when they ripened) should be reserved for the pigs alone.

They thought they were "pigs," but all along, they were just PIIGS+France+U.K. (with an official 1000% Debt to GDP ratio - unofficially much higher). The "pigs' above are members of the Red Shield Racket and their hand picked minions.

Caviar Emptor's picture

EU and US financial sectors are now fully self-funded through global central banks (Fed in charge). They need not lend, they need not do business, only buy soveriegn debt with the money they are given

Hard1's picture

European leaders are countig on some market players thinking that doubling the zero firepower of the ESFS will result in 2x0=20

Buck Johnson's picture

I totally agree with you, they are broke (England is sure quiet aren't they).  But here's something to think about, why not default?  I think the US and the banks who issued and the insurance companies who insured the CDS's don't have the money.  And so the US essentially told them that if you default we won't honor it and so they are stuck.

EscapeKey's picture

Tax-exempt foundations need to be torn the fuck down.

CPL's picture

For some reason I heard George Micheal reading news headlines....

GeneMarchbanks's picture

Yet we all take it seriously...

Meanwhile the collapse continues.

yogibear's picture

I'm seeeing Skittle pooping unicorns.

SaMsKy's picture

more revolution, then?

HellZero's picture

i lend to you, you lend to me.... there... fixed

HellZero's picture

in replying to my own post... i am getting very sick of being this cynical.

another interfering load of rubbish.

A Lunatic's picture

Try turning the dial on your give-a-fuck-o-meter to transitory.

buzlightening's picture

Nother building anti climatic sell the news bentrod fomc 12/13. 

JW n FL's picture

 

 

Re-Inflating Europe is NOT! Transitory! BITCHEZ!!

 

Looks like the collateral requirements being relaxed on the European side will cause a rush on the FED SWAP Window! at negative costs of lending!

and if it goes bad.. Europe can always Plead da FIZZZZIFF!

America can bailout da World and be stuck with shitty collateral that it cannot gain title too! because of sovereignty laws!

YAYYYYYY!

 

1. there was a vote.

2. the vote passed.

3. people are just mad because they are not in the club that voted. http://www.youtube.com/watch?v=i5dBZDSSky0

no one likes a loser who wont shut up..

so ya'll just have a coke and smile and shut the fuck up!

 

Everybodys All American's picture

Don't ever expect me to stfu. Patrick Henry's got nothing on me homey.

hugovanderbubble's picture

CREDIT EVENT = ISDA CORRUPTED =ICE MARKET SHOULD BE CLOSED

gdgenius's picture

What about THREE times zero?? That's got to be worth something right??

Tsar Pointless's picture

I heard a couple of young white men talking about this when I went out for an afternoon coffee today.

Oh, no - wait. I'm mistaken. They were talking about the coming realignment of the National Hockey League.

My bad. Sorry.

Stax Edwards's picture

Looks like S&P may be breaking out.  Can we close above 1264?

 

spanish inquisition's picture

Sure, just need some more headlines..

More,more more.. Free, free, free.....No losses for anyone ever again....  Print, print, print..... Good Euro zone Bad euro zone.....

That should take care of it

Deadpool's picture

back it all with gold or forget it.

GeneMarchbanks's picture

You can't back fraud with honest money. My warm suggestion, join the other side indefinitely.

SwimmininNawlins's picture

Lets just drop the idea that this money is "coming from' somewhere.  We all know this is ficticious money.  It's all a big game of make-believe.  My kids do the same thing.  I think it's normal kid behavior, not so much for the world as a whole...

mikmid's picture

Give me two promises and a euro bond to go please, I'm headed for the hills and need something to keep me secure. THEY SHOULD JUST THROW IN THE TOWEL, no one believes this shit any more (except stock chasers). An orderly unwind would be too simple I guess.

midgetrannyporn's picture

It is by will alone I set my mind in motion. It is by the juice of Sapho that thoughts acquire speed, the lips acquire stains, stains become a warning. It is by will alone I set my mind in motion.

falak pema's picture

"No private losses"...Sarkozy is getting this as part of deal from Merkel for the banks...wow! That will make GS cabal happy!

THE FED gives the Euro zone 500 Million more. In Exchange no haircuts of 50% for Greece defaults! 

Now this is news!...Keep the negociation wheels twirling...Merkel is making concessions.

willien1derland's picture

Private losses were so 2008 - Losses are for the common people -

slaughterer's picture

Expect 2012 to be scheduled with many more Eurozone summits, my friends.    

yogibear's picture

Transfer from one Euro credit card to another. Buys 6 months of deception. LOL, in 6 months another. The market and fund managers are looking for any reason to rally. Doesn't matter if they have any real substance. Every week another Euro statment of hope. Fund mangers have year-end bonuses coming up.

What a real deal, to be invited to a summit. Meet, eat well, come up with the next BS statment and schedule the next summit meeting. Sweet!

 

SirPlayomic's picture

Why do I get the feeling that there's a subtle propaganda from some quarters on zerohedge towards the idea that Eurobonds would be a solution? Eurobonds would make the relationship between sovereign states even more acrimonious. It might allow for some more can-kicking, but eventually it would be nothing more than a horrible disaster!

www.greedion.com

WTF_247's picture

I have said for a long time I want in on this game.  just need a foot in the secret society.

 

I will borrow 500 billion from the ECB at 0.25% interest.

 

I will then buy 500 billion of 1 year 100% risk free guaranteed sovereign bonds yielding 2 or 3% or whatever - I am not picky.

 

At the end of the year, I will pay back my loan and be $15billion richer.  Considering the bonds are 100% safe and guaranteed, they are their own collateral for the loan.

Sudden Debt's picture

No problem, Password please?

Oh and on which side of the family to do come from?

 

 

Sudden Debt's picture

WELCOME TO EUROPEAN PROBLEM SOLVING 101!

Now Let's Solve Global Warming To!!!! => MAKE 1 BILLION FREON REFRIGIRATORS TO MAKE ICE CUBES AND THROW THEM INTO THE SEA!

 

butchee's picture

The whole trick is NOT to multiply by zero, but rather divide.  Problem solved!

Sudden Debt's picture

Why not?

2 X 0 = 0    yes you're right

BUT!!!!

2= 0 X 0

just don't ask how....

 

Arkaenun's picture

EFSF 2.0

Insert fingers into market ass crack and wiggle. Don't worry about the fact that the subject is on the toilet. Everyone always walks away clean.

ghostfaceinvestah's picture

Hard to believe anyone takes these rumors at face value.  So far the EU has done absolutely NOTHING to stop the crisis, other than throw Greece and Ireland a few billion.  None of these austerity measures are working.  The final collapse of the Euro is going to be epic.

hollowbody's picture

I think its time that the US leadership decided to follow up on those jokes about the UK being the 51st state, and forget about wasting its money and all those lives in Iran, or Pakistan, or Saudi.  A US coup in the UK (lets face it there's enough military there most of the time to make it pretty easy), and hey presto, a little real tea party time and its US President for King of England! Seize this little lot, 

 

http://www.youtube.com/watch?v=9FY0930P9Qc

 

and voila, even at fire-sale prices to those eager colonists who fancy a little more 'self-determination' and are prepared to buy themselves out of their slavery, US borrowing is nearly fixed....virtually painless..

catacl1sm's picture

Where's WallStreetPro when you need him? Green Shootz, bitchez!!

Schmuck Raker's picture

They need to stop this nonsense right now.

They should give away gold lotto tix like Japan, or Wonka.

Sudden Debt's picture

YOU WANT GOLD?! YOU CAN HAVE FREE GOLD!!!

just buy Japanese bonds....

 

yogibear's picture

This is the Super Committee Euro style.

Sudden Debt's picture

 

 

Super? :)

No No No No

This is the Jackass Version ;)