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No We Cannes't: Here Is Why The EURUSD Is Plunging
Because while the prospect of democracy returning to Greece may have been killed (for now), the world is discovering that not only will nothing else be accomplished at the "No We Cannes't" meeting, but the world will now be fully focused on Italy which unlike Greece, is not quite so easily fixable. Europe's propose solution: make Italy an IMF protectorate. We give this plan exactly 24 hours before massive failure, and before attention returns to the top news of the week: the EFSF is a complete dud, and Europe will never be able to fund the €1 trillion bailout fund.
- BERLUSCONI SAYS ITALY AGREES TO EU MONITORING
- BERLUSCONI SAYS IMF TO CARRY OUT `CERTIFICATION' EVERY 3 MONTHS
- BERLUSCONI SAYS ITALIAN DEBT HELD MOSTLY HELD BY ITALIANS - like Mario Draghi
- BERLUSCONI SAYS ITALY HAS NEVER HAD TROUBLE SERVICING DEBT
And in other headlines, confirming just how impossible any form of organized decision-making is in Europe, how ironic it is to think that Obama will ever say no to his banker masters, or just how happy China will be to bail Europe out after it is about to be snubbed all over again, here they are...
- U.S. SAYS MOST IMPORTANT FOR EU TO GIVE CRISIS PLAN MORE FORCE
- U.S. OFFICIAL SAYS NOT MUCH DISCUSSION OF SPAIN AT G20
- ITALY INVITES IMF PERIODIC ASSESSMENTS, U.S. OFFICIAL SAYS
- IMF TO HAVE INTENSIVE PROCESS IN ASSESSING ITALY, U.S. SAYS
- UIS. OFFICIAL SAYS IMPORTANT FOR CHINA TO TAKE THAT INITIATIVE
- US OFFICIAL SAYS G20 TO HAVE STRONG LANGUAGE ON CHINA FX POLICY
- US VERY COMMITTED TO MAKING BANKS STRONGER, OFFICIAL SAYS
- G-20 AGREEMENT COMPLEMENT TO EUROPEAN PLAN, U.S. OFFICIAL SAYS
- U.S. HAS BIG STAKE IN EUROPE CRISIS PLAN'S SUCCESS: OFFICIAL
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Italy and Burly Scony are cheap side-shows.
It's Spain/Sud America and Banco, not so blanco Santander (Satan'sdoer) that will light the pyre.
When somethign as bad as spain (economically) is kept assidiously off the news, something stinks.
ORI
war-memes-me-iran-israel-uk-us-social-engineering-planted-stories/
I'm shall listen to the Bee Gees and go to bed.
Good night, ladies.
I'm all fucked up.
http://fucklloydblankfein.blogspot.com
This weekend is going to be telling. As one market commentator has said on CNBC, the market has moved onto Italy now and that problem makes Greece look like a friday afternoon correction. After seeing what is being pushed on the holders of Greek bonds that they "voluntarily" give up 50% (which is low anyway) many are getting out of sovereigns because they see a similar thing happening with all the PIIGS and possibly other countries.
The meeting held will now be infamously known as: THE PAIN IN NORTHERN SPAIN.
The pain in Spain falls mainly on the plain, while the gains rain on the banksters, for shame.
No we Cant(or)?
O(bummer).
Boehner fader.
Two 'party,' false left-right illusion, with each 'side' financed by and working for the exact same entities (i.e. NOT the American People) purposefully steamrolls Amerika (the nation formerly known as America).
And, oh yes, Italy is fine! Italy is fine! Do not bet against or move your money from Italy. /s
What did you expect? These imfers can't be sane.
insane !
That's ok then - I live in the south.
The PAIN in SPAIN STAYS PLAINLY out of the MAIN stream media.
What the fuck happenned to all the guys who still have balls in Europe? Have they gone in to hiding or something?
What guys are you apeaking about? I can't name one in the past 20 years.
I like Czech president - Klaus. He is at least the biggest Euro sceptic. When there is a chance he has to says something negative about Eurozone.
They're gonna kick the can down the road until all other storms, such as the US and China all line up.
The mushroom cloud will be seen from the Andromeda galaxy.
Seriously HBS. The chess pieces move ever so slowly on the Grand Chessboard, but when it all lines up, Cheqe mate!
ORI
Occam's Razor would indicate that these leaders really are just trying to hold on to their last breath...
...but part of me (the skeptical, cynical side) thinks they're lining it up on purpose, simultaneously putting all people around the world in a horribly suffering position, begging for help, denouncing their respective leadership...
...only to have Soros et. al step from the shadows to rule all.
Absolutely HBS. It's happening at warp speed in India right now.
The goons will soon be saying hell-ow to their new, kindly, whitey masters.
ORI
I think it's been too long since india reminded you what a bitch she can be.
Heck no Heph, it's all around me every day. Liek watching an epic tragedy unfold. No reminder neded, it's everywhere.
ORI
indeed,... "There's a divinity that shapes our Ends" [hamlet/shakespeare] - or rather, "to be, or not to be" -
unfortunately the sage,' barbed words', have been flesh'd-out on "hopium"?
It's plunging now.
Five minuntes later it will surge.
It's all fucked up.
So what's a boy to do?
http://fucklloydblankfein.blogspot.com
buy low - sell high thats the axiom i go by ...
and dont forget Peter Lynch advice: buy things you understand ...
one thing is for sure in the long run things will be okay (we all will be dead) ... enjoy while you still can ... :-)
You can buy "things" you understand all day long, but still not understand why the stock prices move the way they do. Plus, buying what you understand implies investing to me...a very dangerous concept in today's market. It seems only the momo boys are making any headway, and being liquid at the end of the day is a pretty good idea.
the beatings will continue until morale improves
Exactly what gets accomplished by provoking China?
I'm starting to think the central planners are secretly suicidal. They can't live with themselves, and deep down, they want it to end.
It's the only rational explanation.
The most funny headline is:
*Berlusconi: IMF Offered Us Funds, We Rejected
Oh no, Cramer says buy gold. This might be a clear sell signal in the short term...
http://finance.yahoo.com/video/companynews-18928726/cramer-gold-will-hit-2-500-in-18-months-27159750;_ylt=Apw3CRFdm8CcO.JkZcnU2tm7YWsA;_ylu=X3oDMTExOXVvZmJxBHBvcwM2BHNlYwN2aWRlb3MEc2xrA2NyYW1lcmdvbGR3aQ--
Relax. I've never heard that asshat to recommend physical. He's talking about the cheap paper game. By and hold.
Naw, the clown's just late for the opening act.......
1.3875 resistance held; next up 1.3650
weird ... greeks have the EU by the balls yet they just won't squeeze it hard enough ...
That's cos they're enjoying the reach-a-round too much to spoil it just yet.
IMF "assessing" italy is not "fixing" italy...
I lift my FAZ shares in honor of the EURUSD plunge!
Me too. Thinking about staying in over the weekend? It was good last time...
waiting for the next MF
JEF no question in my mind, going batshit--- them not me I'm smilin. Something wicked this way comes....
Most of the MF's are in Cannes right now.
http://badmofowallets.com/wallets/tan1.JPG
Good Lord an IMF protectorate. How pathetic. Is there anybody left in the political world with any balls?
Berlusconi headlines:
*BERLUSCONI SAYS HE THANKED IMF FOR MONETARY OFFER; `NOT NEEDED'
*BERLUSCONI SAYS ITALY REFUSED MONETARY HELP FROM IMF
*BERLUSCONI SAYS ITALY NOT GIVING UP ANY SOVEREIGNTY TO IMF
*BERLUSCONI SAYS IT'S `MENTALLY ILL' TO ABANDON MAJORITY
*BERLUSCONI SAYS PARLIAMENTARY REBELS WILL RETURN TO FOLD
*BERLUSCONI SAYS HE CONTINUES TO HAVE `SOLID MAJORITY'
*BERLUSCONI SAYS NO OTHER FIGURE IN ITALY CAN LEAD COUNTRY
*BERLUSCONI SAYS HE FEELS `OBLIGED' TO CARRY ON IN OFFICE
*BERLUSCONI SAYS ITALY HAS NEVER HAD TROUBLE SERVICING DEBT
*BERLUSCONI SAYS DEBT NEVER PRESENTED PROBLEMS UNTIL NOW
*BERLUSCONI SAYS ITALIAN BANKS ARE SOLID, THRIFTY FAMILIES
*BERLUSCONI SAYS ITALY HAS `HEREDITARY' HIGH DEBT
Berlusconi Says Italy Not Living Severe Economic Crisis
"It seems in today's world the power to absolve debt is greater than the power of forgiveness."
Italy is like a game show. With hot x-porn stars and stippers playing the role of cabinet ministers.
And then it is discovered that HIV-AIDS is running ramapant, and they have to shut the production down.
If by 'hot' you mean debauched surgery obsessed humanoids, then yes absolutely. One thing is sure, we'll have someone or other end up with prolapsed sphincter form all the pegging going on.
http://en.wikipedia.org/wiki/Pegging_%28sexual_practice%29
When the kicked can doesn't budge somebody's gonna have a broken toe.
Some of us, taxpayers mostly, believe that "how impossible any form of organized decision-making is in Europe," is a Good Thing because that happens to be the only factor delaying the orgy of looting that Team OhBummah and the European banksters think is sound fiscal management.
There is not a person in either the E.U. or the USA who could lead a pygmy blowgun squad. Gawd!!! Milestones
How about a British-educated pygmy?
Don't forget that Italy owns France ~380 billion Euros...
Robo missing for three days. This is worrisome.
margin calls. he's on a plane to mexico.
He's made so much money lately that he's spent the last three days holed up in Vegas doing blow of hooker's asses.
"No We Cannes't"
Should be the new slogan for Ron Paul 2012 (or Anti-Obumma 2012).
No we Cannes't continue this imperialistic foreign policy.
No we Cannes't continue to run massive deficits.
No we Cannes't continue to allow the private Federal Reserve to print at will.
No we Cannes't allow the government to continue to deprive of us liberty.
greece is easily fixable? shome mishtake shurely
US OFFICIAL SAYS G20 TO HAVE STRONG LANGUAGE ON CHINA FX POLICY...
yes, China will not appreciate this.
After "the comfy chair" treatment, will China be subjected to the "fluffy pillows?"
DJ Italy Berlusconi: Restaurants, Resorts Are Full, No Sense Of Crisis
Nothing to see here.........keep moving.
And some headlines from Finland:
*EU TREATY SHOULD HAVE CLAUSE ON EURO EXIT, FINLAND'S SASI SAYS
*EURO MEMBERS WHO CAN'T ABIDE BY RULES `MUST LEAVE,' SASI SAYS
*EURO-EXIT THREAT MUST BE ULTIMATE SANCTION, FINLAND'S SASI SAYS
*FINNISH FINANCE COMMITTEE HEAD KIMMO SASI SPEAKS IN INTERVIEW
I am waiting for the headline about Belgium debt downgrades.
http://www.creditwritedowns.com/2011/10/full-text-moodys-places-belgiums...
Well, S&P has had Belgium on negative watch since Dec 2010 so it might take a while for Moody's to actually do something.
waiting next for the pump media to spin/make-up stories about greece - G-PAP gone, all greeks now love bailout and bernanke - fake rally ensues
"The (ruling) majority seems to be dissolving like a snowman in spring," said respected commentator Stefano Folli in the financial daily Il Sole 24 Ore. Other commentators spoke of an "inexorable" revolt against Berlusconi."
http://www.reuters.com/article/2011/11/04/italy-crisis-idUSL6E7M42HB2011...
BTP back to 6.366%
tick tick, tick tick...
"focused on Italy which unlike Greece, is not quite so easily fixable."
If Greece is an example of something easy to fix, then nothing can be fixed.
pls dont be a pessimist!
US VERY COMMITTED TO MAKING BANKS STRONGER, OFFICIAL SAYS
They have had a very long time now and all they have done is allowed them to get even bigger and with accounting tricks hide even bigger risks
mind boggling to hear the obama business channel trumpet this employment report
how much lying can we take
CA runs a 35% deficit, has a large,mature,declining economy and massive unfunded public service pensions. But CA can run to the FED for its protection, at least for now. Its a bit ironic that everyone complains about the poor economic condition of the EU and Italy when the US and its large States is even worse by comparison. In the US, we act like we are exempt from economics. Just QE and print...
Potus said the same thing during dept limit negotiations....and i quote
"It's not that America can't pay her debts...we can, thats why we need to pass this vote on the dept ceiling increase"
Rank amatures these Europeons, with there captain chaos tekneek, Us Americans want the lies told to us live and on prime-time
The House that Rothschild built says "O RLY?"
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, Emperor of France, 1815
“Banks lend by creating credit. They create the means of payment out of nothing. ” - Ralph M Hawtry, former Secretary to the Treasury.
“… our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.” - The Earl of Caithness, in a speech to the House of Lords, 1997.
“The bank hath benefit of interest on all moneys which it creates out of nothing.” - William Paterson, founder of the Bank of England in 1694, then a privately owned bank
“Let me issue and control a nation’s money and I care not who writes the laws.” - Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.
“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.” - H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” - The Rothschild brothers of London writing to associates in New York, 1863.
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” - Henry Ford, founder of the Ford Motor Company.
“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.” - John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in ‘Money: Whence it came, where it went’ (1975).
BERLUSCONI SAYS ITALIAN DEBT HELD MOSTLY HELD BY ITALIANS
so since yields keep rising, one could infer that means that even the italians aren't dumb enough to hold Italian debt. that's the biggest story right there.
edit...10yr now up 3+%
What does everyone think of FAZ right about here?
Every day is just facepalm after facepalm moment.
My favorite facepalm moment of today was when I read that Angie's List filed to go public. I guess the new business model for them will be selling good reviews. We'll paint your company in a good light, for a price. Full retard doesn't even describe this.
Our entire economy is now based on trying to find some hair brained idea to get venture funding that will make your company look like a success so you can cash out on a big IPO. I remember we went trhough this before and it didn't work out so good.
I loved the Skull Candy report as well. Just like I said they would show fantastic numbers after every publicly traded retail director forced their company to buy massive ammounts of inventory so they could get in on the stock. The mafia has nothin on these guys when it comes to organized crime. No wonder they turned to drugs and prostitutes.
Cramer should be in jail for his destruction of wealth for the general public.
These things take practice. Greece was research and development.
The Italians' blood will surely produce the syrum needed to vaccinate us from the terrible plague. Surely.
Cloward and Piven in action. The US is next.
Berlusconi says "It's-a not so bad, It's-a nice-a place"
http://www.youtube.com/watch?v=sFacWGBJ_cs
Pretty sure that is exactly what G-Pap said about Greece 6 months ago.
So now we know officially that Italy is having major problems.
US VERY COMMITTED TO MAKING BANKS STRONGER, OFFICIAL SAYS
US citizens very committed to destroying the banks, unofficial says.
are you all ready to get squeeeeeezzzzzed in the euro all the way back up to 1.38 and then some....lol
All that's happening is predictable, as there are 7 stages that any major economy goes through. Those who know how it works profit & massive wealth is transferred to them. Several months ago I learned this information from a millionaire whose site I found & am sharing it with everyone I know.
You can see how you too can profit like the ultra-rich during these uncertain times.
His free video
"How To Create Incredible Wealth in Today's Economic Crisis"
is at:
http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bi...
Hope this info helps everyone as much as it has me.
Dr. Nancy
I think you forgot one: