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The Perfect Storm - Santelli Meets Farage

Tyler Durden's picture





 

The undisputed champion of European political ranting (UKIP's Nigel Farage) discussed the sad reality of Europe's inevitable demise with the reigning US chief of non-hype Rick Santelli in a no-holds-barred cage-match of like-minded skeptics. From Rajoy's incompetence to the 'genius of mutual indebtedness', Farage explains the problem is 'bedeviled with complexity' as, for example, the last summit left "the Finnish and Dutch finance ministers leaving with a very different perspective on what happened than the rest" and now even Merkel is arguing domestically what she has and has not agreed to. From the simple self-referential idiocy of Spain's EUR100 billion bailout - that creates vicious circles on all the peripheral 'bailing' nations; to "the same bundle of money going round and round in circles" leaving Nigel tempted to describe it as "a giant ponzi scheme"; Santelli, not to be outdone, explains how the US is just such a money-circulating ponzi scheme as "one part of the government issues debt as another part is buying". The ECB, of course, is becoming plagued with more and more of the ponzi-like peripheral paper and as Farage notes "the day Greece leaves the Euro - and it will - the ECB is left with a massive paper loss" leaving the ECB under-capitalized - which in all its wonderful craziness means "it has to go and get fresh capital from the other countries that themselves have been bailed out and are in fact in trouble". A farcical perfect storm as the "medicine is killing the patient", and he fears if the nettle is not grasped (Euro break-up) now then the markets will overwhelm the whole thing this summer.

 

 

If the clip is not working (since it seems CNBC has been a little flaky with this embed - perhaps due to its rough content) - here is the link to the clip.

 


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Mon, 07/09/2012 - 12:41 | Link to Comment zero19451945
zero19451945's picture

What really gets me is the sheer inability of "market participants" to perform simple arithmetic and figure out that Europe is totally busted. The US is in a similar position.

The only people who have any sense are the ones selling Spanish (junk) bonds.

I blame a lot of it on HFT as it shortens the time horizons.

Mon, 07/09/2012 - 12:51 | Link to Comment Precious
Precious's picture

The perfect storm would be if John McCain met the windshield of a bus.

Mon, 07/09/2012 - 13:03 | Link to Comment theTribster
theTribster's picture

Couldn't agree more.

Mon, 07/09/2012 - 13:18 | Link to Comment Vagabond
Vagabond's picture

I'd rather see Cheney hit the windshield... but either way is a strong step in the right direction.

Mon, 07/09/2012 - 15:02 | Link to Comment verum quod lies
verum quod lies's picture

What cave did you just crawl out of Golum? He already did.

Mon, 07/09/2012 - 13:14 | Link to Comment TeMpTeK
TeMpTeK's picture

Who the hell is Nigel Faronz?

Mon, 07/09/2012 - 13:47 | Link to Comment runlevel
runlevel's picture

LOL i was thinking the same thing.

Mon, 07/09/2012 - 14:35 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

Santelli sure seems to be pronouncing his name incorrectly, or maybe I've been pronouncing it incorrectly.

Mon, 07/09/2012 - 15:50 | Link to Comment I am on to you
I am on to you's picture

Just a litle help:

In all modesty:

Substitute,G in Garage to F,and put a litle Frence sound in it,and the wheels should turn.

The man is fantastic,a knife thats cuts through,The Eliterian high classed plumcake toppins.

Mon, 07/09/2012 - 15:25 | Link to Comment LouisDega
LouisDega's picture

Whos Nigel Farage? Nobody. Who are you? Do you know who i am?

Mon, 07/09/2012 - 16:34 | Link to Comment SilverFish
SilverFish's picture

Is that you, John Wayne?

 

                   Is this me?

Mon, 07/09/2012 - 17:29 | Link to Comment LouisDega
Mon, 07/09/2012 - 15:11 | Link to Comment Stock Tips Inve...
Stock Tips Investment's picture

Indeed, the situation in Europe is getting worse. Both the economy and the markets will suffer falls very important, so it is very important to be placed in the appropriate place in the market.

Mon, 07/09/2012 - 20:23 | Link to Comment stocktivity
stocktivity's picture

Farage and Santelli get it.

Mon, 07/09/2012 - 12:46 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I love two-fers.

Italy must borrow at 7% in order to lend that borrowed money to Spain at 3%. Too freaking funny.

Mon, 07/09/2012 - 12:46 | Link to Comment Seize Mars
Seize Mars's picture

Usually that costs extra, Cotton.

Mon, 07/09/2012 - 12:52 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

http://www.bloomberg.com/quote/GSPG10YR:IND

 

That's Spain's 10 year bond.  Present yield: 7.062%

Mon, 07/09/2012 - 12:59 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Italy is close.

"The rate on 10-year Italian debt climbed eight basis points to 6.11 percent and reached 6.18 percent, the highest since June 28."

http://www.bloomberg.com/news/2012-07-09/german-two-year-yields-approach-record-low-before-crisis-meeting.html

Mon, 07/09/2012 - 13:13 | Link to Comment Comay Mierda
Comay Mierda's picture

If CNBC had more guests with common sense like Farage

maybe their ratings would go up

Mon, 07/09/2012 - 14:24 | Link to Comment IndicaTive
IndicaTive's picture

Perhaps. But not their ad revenue.

Mon, 07/09/2012 - 13:36 | Link to Comment Againstthelie
Againstthelie's picture

What else can be expected from globalists?

Mr. Barroso is Maoist, a fan of the biggest mass murderer in history! And the western media, exemplary democrats who are upset if someone doesn't like jews, don't even find it worth to inform the people about the extreme political agenda..

Angela Merkel, was working for agitation & propaganda in the communist GDR and was a StaSi (the murderous political police of the GDR) informer called "IM Erika", is the political daughter of former FRG chancellor Henoch Kohn (under the Pseudonym aka "Helmut Kohl"), also a follower of Coudenhove-Kalergi's racist Pan-European-ideology from 1924, which was sponsored by Warburg and Rothschild, about performing a genozide of the white european nations with mass immigration from Asia and Africa. This ideology is the official ideological foundation of the EU and the media are silent about the criminal ideology behind it!

The whole EU establishment is marxistic and their REAL agenda is the destruction of the homogenous white european nation states and establish the euroean part of world government as part of the NWO.

If someone begins to understand, that the EU establishment follows the most extreme political agenda humans can think about, it's not all all surprising, to see the criminal mental illness which Marxism is, spread with it's absurdity into the financial world.

Mon, 07/09/2012 - 13:42 | Link to Comment Zero Debt
Zero Debt's picture

They make it up on volume

Mon, 07/09/2012 - 14:02 | Link to Comment Henry Hub
Henry Hub's picture

It's kind of like the United States borrowing money from China to give to Israel.

Mon, 07/09/2012 - 14:14 | Link to Comment JohnKozac
JohnKozac's picture

I hate common sense and facts...they are so old hat.

Mon, 07/09/2012 - 12:48 | Link to Comment LoneStarHog
LoneStarHog's picture

This is like a room full of people requiring CPR.  They perform the procedure on one another.  Okay, now you blow and I will beat. Okay, now you beat and I will blow.  Okay, now you blow and I will beat. Okay, .....

WTF! How long can this go on before the whole damn room is full of dead bodies?

Mon, 07/09/2012 - 12:50 | Link to Comment Dr. No
Dr. No's picture

Remember this is not a 100% efficient system.  Things are skimmed off the top on every hand off.  Some people are getting rich.

Mon, 07/09/2012 - 13:05 | Link to Comment Precious
Precious's picture

The banks are not too big to fail.  They are too big to succeed.  

At this point, they are resorting to skimming off the bottom.

Mon, 07/09/2012 - 13:12 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Roubini was saying that the Too Big To Fail banks have become Even Bigger To Fail.

Priceless!

http://www.zerohedge.com/news/roubini-2013s-global-perfect-storm-and-greedy-bankers-hanging-streets

Mon, 07/09/2012 - 13:23 | Link to Comment MachoMan
MachoMan's picture

Issue: Banks insolvent and pose systemic risk to global economy

Response: Give them more money (borrowing from central bank, who is creating it out of thin air)

Result: Banks incentivized to become more and more systemically important to get more and more money.

Mon, 07/09/2012 - 13:46 | Link to Comment goforgin
goforgin's picture

That is why the crisis is fabricated. And blow hards like Farage only serve to confuse the public.

 

Mon, 07/09/2012 - 15:24 | Link to Comment steelhead23
steelhead23's picture

Dude, You need to take a red pill.

Mon, 07/09/2012 - 20:06 | Link to Comment i-dog
i-dog's picture

Ignore collaborators.

Mon, 07/09/2012 - 13:13 | Link to Comment potlatch
potlatch's picture

It is this fact that turns the entire global financial system from a laughable farce to what I call a "guillotine-ready public works opportunity."

Mon, 07/09/2012 - 12:48 | Link to Comment Shizzmoney
Shizzmoney's picture

These two should have a 30 minute chat about the Euro Crisis. 

THAT would be fun television!

Mon, 07/09/2012 - 13:09 | Link to Comment ITrustMyGut
ITrustMyGut's picture

hellz ya! lol

 

grate popcorn munching content that would be...

Mon, 07/09/2012 - 12:48 | Link to Comment mrktwtch2
mrktwtch2's picture

this is obama nation... we dont want to hear or know the truth..1plus 1 equals 4 not 2..lol

Mon, 07/09/2012 - 12:48 | Link to Comment AnAnonymous
AnAnonymous's picture

US citizen media circus. It is all great fun, offuscates reality to the most voluptuous pleasure of US citizens and the talking mouths are well paid.

Everyone is happy.

US citizenism at work.

Mon, 07/09/2012 - 12:52 | Link to Comment Temporalist
Temporalist's picture

Your comments offuscate reality to voluptuous pleasure of nobody.  Farage is English, a Brit, from the UK.

Mon, 07/09/2012 - 12:59 | Link to Comment AnAnonymous
AnAnonymous's picture

He is a proponent of 'Americanism'

Get on the page.

Mon, 07/09/2012 - 13:06 | Link to Comment Global Hunter
Global Hunter's picture

AnAnon you are a one trick pony that was never funny or eye opening from the get go.

Mon, 07/09/2012 - 13:16 | Link to Comment akak
akak's picture

Correction: AnAnnoyingMouse has been an autistic, retarded, bigoted and simple-minded one trick pony from the get go.

Mon, 07/09/2012 - 13:18 | Link to Comment AnAnonymous
AnAnonymous's picture

Austistic from what? bigoted against what?

Remember your own US citizen propaganda: 'Americanism', 'Americans' are not supposed to exist. They are all supposed to be figments of my imagination.

Mon, 07/09/2012 - 13:21 | Link to Comment HellFish
HellFish's picture

Christ you're tedious.

Mon, 07/09/2012 - 13:54 | Link to Comment BeetleBailey
BeetleBailey's picture

...no....he's assholius

Mon, 07/09/2012 - 15:36 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture

Now.....hold on there.......

Mon, 07/09/2012 - 13:55 | Link to Comment AnAnonymous
AnAnonymous's picture

And US citizenism is what? Lethal?

Mon, 07/09/2012 - 14:03 | Link to Comment akak
akak's picture

That which is mythical cannot be lethal.

(Except that, having been created in your own mind, it has clearly been lethal to your mind.)

Mon, 07/09/2012 - 13:29 | Link to Comment Global Hunter
Global Hunter's picture

akak you left out tedious (thanks to hellfish below) that sums it up I think, normally I don't respond to him but holy shit its like a swarm of flies that poster.

Mon, 07/09/2012 - 13:34 | Link to Comment akak
akak's picture

Correction: like a swarm of flies around a roadside pile of Chinese shit.

Mon, 07/09/2012 - 13:53 | Link to Comment AnAnonymous
AnAnonymous's picture

The smell of US citizenism must attract me here.

Mon, 07/09/2012 - 13:57 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

The smell of US citizenism must attract me here.

That smell which you find so attractive is your own unwiped ass.

Bear with it.

Mon, 07/09/2012 - 14:34 | Link to Comment AnAnonymous
AnAnonymous's picture

I could smell that anywhere I go.

Mon, 07/09/2012 - 14:41 | Link to Comment Temporalist
Temporalist's picture

That is the best comment you've ever made

Mon, 07/09/2012 - 14:42 | Link to Comment LULZBank
LULZBank's picture

Hahahaha,,, ROFL.

Infact, after a while you get used to the smell and dont notice it.

Mon, 07/09/2012 - 14:47 | Link to Comment AnAnonymous
AnAnonymous's picture

Or the smell of US citizenism suppresses it.

Mon, 07/09/2012 - 14:52 | Link to Comment LULZBank
LULZBank's picture

You crack me up man!!! Really know how to wind people up! LOL

Dont worry about these US Citizen losers, Im with you and thats all you need with Chicken Chow Mein.

Mon, 07/09/2012 - 16:38 | Link to Comment akak
akak's picture

 

I could smell that anywhere I go.

And in China, you undoubtedly do, on public sidewalks and roadsides, indeed.

Only among Chinese Citizenism citizens is the art of defecating in public like pre-roasted dogs considered an art form, and raised to the highest levels.  Almost, in fact, as high as the levels of hyperbolic insanitation prevailing among autistic and retarded Chinese Citizenism online trolls.

Mon, 07/09/2012 - 15:24 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous, referring to his attraction to the aroma of his own unwiped ass, said:

I could smell that anywhere I go.

...and I'm sure that you do exactly that.

+1 for the lulz!

Mon, 07/09/2012 - 14:20 | Link to Comment BeetleBailey
BeetleBailey's picture

you stink up this place...for sure

Mon, 07/09/2012 - 14:48 | Link to Comment AnAnonymous
AnAnonymous's picture

Hard to stink up a place full of US citizens...

Mon, 07/09/2012 - 15:09 | Link to Comment akak
akak's picture

And yet, your excellingness in such matters is beyond disputationalizing.

Chinese Citizenism New World Odor.

Mon, 07/09/2012 - 13:58 | Link to Comment francis_sawyer
francis_sawyer's picture

blobbing up...

Edit: (speaking of blobbing up) ^

Mon, 07/09/2012 - 13:58 | Link to Comment Global Hunter
Global Hunter's picture

Akak now I stand corrected :) 

Mon, 07/09/2012 - 16:34 | Link to Comment Gideon Gono
Gideon Gono's picture

two points:  (1) you are correct he is an asshole, (2) leave autistic people out of it. 

Mon, 07/09/2012 - 13:16 | Link to Comment AnAnonymous
AnAnonymous's picture

Eye opening? US citizens know of themselves, their eternal US citizen nature.

As to entertainment...

Mon, 07/09/2012 - 13:42 | Link to Comment Itch
Itch's picture

There's "sum ting wong" with you. I just cant put my finger on it.

Mon, 07/09/2012 - 13:54 | Link to Comment AnAnonymous
AnAnonymous's picture

Dont worry, there is nothing wrong about you as there is something right about you: you have shown your US citizenism in two sentences.

Very good.

Mon, 07/09/2012 - 14:00 | Link to Comment Itch
Itch's picture

I cant help it man, they keep waving the flag at me and telling me stuff through the TV, my citizenism cant be escaped from. Its like a monster or something.

Mon, 07/09/2012 - 14:33 | Link to Comment AnAnonymous
AnAnonymous's picture

Citizenism? Nope, US citizenism.

US citizenism is 'Americanism'

And that 'Americans' are to express their nature, well, it is a given as it is eternal.

Mon, 07/09/2012 - 15:39 | Link to Comment Itch
Itch's picture

Well im not an American cheif, so it seems you really do have your wires crossed. You have mixed up the objective with the subjective somewhere along the line, its all gone horribly wrong. Stop talking in verbal parabola's, calm down.

Mon, 07/09/2012 - 14:18 | Link to Comment JimBowie1958
JimBowie1958's picture

Dont worry, there is nothing wrong about you as there is something right about you: you have shown your US citizenism in two sentences.

Do you  even have the slightest clue about the bullshit you are throwing around?

I didnt think so.

Your posts are like some kids cartoon Babblefished into chinese and then babblefished back into English.

You make no fucking sense at all and you dont grasp that simple thing apparently.

Mon, 07/09/2012 - 14:24 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Unfortunately, coherence and consistency are not a priority for AnAnonymous.

Mon, 07/09/2012 - 14:31 | Link to Comment AnAnonymous
AnAnonymous's picture

Unfortunately, coherence and consistency are not a priority for AnAnonymous.
_____________________

Unfortunately? Why would that be that?

Coherence and consistency, US citizens have known a lot about that or the lack of.

US citizens are the people who declared liberty a an unalienable right to human beings and who kept slavery up.

How coherent is that? How consistent is that?

The lack of coherence and consistency is top priority for US citizens.

Mon, 07/09/2012 - 14:29 | Link to Comment AnAnonymous
AnAnonymous's picture

You didnt think so? You changed your mind?

For US citizens, the group is all. Watching US citizens jumping on the band wagon of the chinese angle is exquisite.

The proud US citizen individualists have no other recourse but jumping on wagons like Chinese citizenism...

Delightful.

Mon, 07/09/2012 - 17:42 | Link to Comment akak
akak's picture

 

The proud US citizen individualists have no other recourse but jumping on wagons like Chinese citizenism...

Is Chinese Citizenism a wagon?

I always thought of it more as a Long March of Insanitation, a Great Leap Forward into blobbing-uppityness, as it were.

Mon, 07/09/2012 - 23:29 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

akak asked:

Is Chinese Citizenism a wagon?

I always thought of it more as a Long March of Insanitation, a Great Leap Forward into blobbing-uppityness, as it were.

Ah, ah, being that resultation of looking through unjaundiced eyes of US citizenism.

Chinese citizenism yes being of a wagon. You never the hearing of Chairman Mow's little red wagon?

Mon, 07/09/2012 - 14:37 | Link to Comment LULZBank
LULZBank's picture

If you keep up, after a while you can make sense out of his posts and realise, hes quite witty and sharp. Really good for the LULZ in the greater scheme of things.

US Citizens should shake his hand.

Mon, 07/09/2012 - 15:29 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

US Citizens should shake his hand.

He'd need to wash it first. The ripeness of insanitation is unbearable.

Mon, 07/09/2012 - 23:52 | Link to Comment potlatch
potlatch's picture

yeah, you nailed this one, '58.  Maybe... it's a chatbot, being beta tested from some Hong Kong internet cafe, to auto-harass places with actually interesting threads.  It would take many, many auto-bots to overpower zh, i'm afraid.

Mon, 07/09/2012 - 14:27 | Link to Comment BeetleBailey
BeetleBailey's picture

You must be Chief Douchebag of The Citizens of Assholia, where you reside in the Lobotomy wing of Enema General Hospital in downtown Diarrhea

Mon, 07/09/2012 - 14:44 | Link to Comment Temporalist
Temporalist's picture

That made me crack the fuck up and I don't know why other than its sheer immaturity.

Mon, 07/09/2012 - 13:14 | Link to Comment aminorex
aminorex's picture

"Get on the page."  Is that you, Senator Chambers?

Mon, 07/09/2012 - 13:08 | Link to Comment ATM
ATM's picture

Brilliant!

Mon, 07/09/2012 - 19:38 | Link to Comment Jolly.Roger
Jolly.Roger's picture

-

Mon, 07/09/2012 - 13:05 | Link to Comment Zero Debt
Zero Debt's picture

Black hole event horizon bend vicious circle form death spiral, no citizen escape black hole death spiral.
 - Confucius

Mon, 07/09/2012 - 12:50 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Sigh.

There Is No Reason For Greece To Leave The EU.  They are getting free money!  Why would they leave?  And the money they are getting is not really gotten.  That money flows right back out to service the IMF and ECB debt that they hold. They can't be cut off!

There is no treaty mechanism for a country to leave.  There is no treaty mechanism for forcing a country out. 

The flow of Euros electronically from the ECB to the Greek banks COULD be cut off, but the ECB is not subject to EU commands and as I just pointed out, the EU has no mechanism for issuing such a command.

That it is all insane is unquestioned.  But what IS questionable is this blanket presumption that Greece leaves or is forced out.  The more likely event is total disintegration, all at once, in complete upheaval.  If there is any sense of organization and structure, then the treaty holds and it does not allow countries to leave.

Mon, 07/09/2012 - 12:58 | Link to Comment jtmo3
jtmo3's picture

Exactly. Greece will not leave as long as free money is provided. The ecb will not stop the money for as long as it's able because if Greece leaves they are broke. And it goes on and on. It's a complete circle jerk. And this is just one example. Germany is in the same boat. They can't cave at this point. They played their cards long ago and are commited. To pull out now would break them. 

 

This will not end well.

Mon, 07/09/2012 - 13:15 | Link to Comment potlatch
potlatch's picture

yes, I always listen for the points where an analyst says "it's obvious, of course it's going to happen" -- that is their blind spot, usually, the limit or premise of their ability to think through the chessboard.

Mon, 07/09/2012 - 14:17 | Link to Comment youngman
youngman's picture

I think the ECB will ask for more money from its members...and no one will pay...that is what will happen in my end of the EURO....what will they do..write a nasty letter??????....will they just print then...or will they fold...will they give money equally to everyone according to their share..or only to their friends that did what they said to do????  Simon Says...od Simon didn´t say...it is a joke now...Spains new numbers...lol.....and it was just a few short months ago where Rajoy said no problems here in Spain....but gold and silver are down.....?????  fixed pricing at $1600 I think...in 20 years when this is studied and written about....it will be a sad story full of lies, corruption, cheating, stealing, and finally murder

Mon, 07/09/2012 - 12:51 | Link to Comment Hurdy Gurdy Man
Hurdy Gurdy Man's picture

I like the reporter, but the "... turn another chapter..." - he's too pumped. 

 

Be in the world of finance, Laddie, but not *of* it - all that glad-handing, back-slapping up-ness HAS GOT TO GO

 

Center the energy, breathe, and don't be a goddamn cheerleader for Pete's sake

Mon, 07/09/2012 - 12:50 | Link to Comment stant
stant's picture

god i love to see these two address congress and obama

Mon, 07/09/2012 - 12:50 | Link to Comment resurger
resurger's picture

Don't you fucking love to have ZH as your home page!!

 

Mon, 07/09/2012 - 13:01 | Link to Comment Global Hunter
Global Hunter's picture

I do indeed

Mon, 07/09/2012 - 12:52 | Link to Comment XRAYD
XRAYD's picture

As long as the Ledner of last resort and the SPender of last resort are one and the same, and all can be borrowers, What is the problem?

Mon, 07/09/2012 - 12:52 | Link to Comment Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"medicine is killing the patient"

Spot on - Just like a cancer patient on chemo!

Mon, 07/09/2012 - 13:37 | Link to Comment tony wilson
tony wilson's picture

 

"medicine is killing the patient"

 cancer patient on chemo!

 

that is because the rockafella and rothschilds.

run the london and wall street money  markets.

run cancer giving nuclear power markets.

run cancer giving  depleted uranium nato missile markets

and run the cancer giving and medical care hospital and drugs markets.

an inbred elites version of the  problem,reaction ,solution equation

Mon, 07/09/2012 - 12:53 | Link to Comment Itch
Itch's picture

If they're going to make a decent tag team Rick has to stop calling him Ferange.

Mon, 07/09/2012 - 13:10 | Link to Comment ATM
ATM's picture

That's just Chicago coming out.

Mon, 07/09/2012 - 13:51 | Link to Comment Zero Debt
Zero Debt's picture

Pronounced with a French accent it could be a unit of BS exposure within sanity limits. Recommended maximum daily dose: 50 Ferange. 1 TOTUS speech = 30 Ferange. 1 Fed speech = 35 Ferange. 1 Cramer Stockpick = 10 Ferange, and so on

Mon, 07/09/2012 - 12:53 | Link to Comment 101 years and c...
101 years and counting's picture

all you need to know:

spain owes 90B EUR to ESM.

greece owes 25B EUR

italy owes 125B EUR

in other words, the ESM will never even be activated.

Mon, 07/09/2012 - 12:53 | Link to Comment Conman
Conman's picture

Atta boy Ricky throw him the ol' #1.

 

Mon, 07/09/2012 - 12:54 | Link to Comment Snakeeyes
Snakeeyes's picture

Fraance joins Germany and Switzerland in the negative yield club. This is will NOT end well.

http://confoundedinterest.wordpress.com/2012/07/09/france-sells-6-month-bills-at-0-006-yield/

Mon, 07/09/2012 - 12:54 | Link to Comment BandGap
BandGap's picture

Throw in Biderman for a THREE-WAY!

Mon, 07/09/2012 - 12:55 | Link to Comment Crispy
Crispy's picture

Farage for POTUS.

Mon, 07/09/2012 - 13:00 | Link to Comment Debt-Is-Not-Money
Debt-Is-Not-Money's picture

RIGHT ON!

(It's no longer required that the POTUS be a natural-born any more)

Mon, 07/09/2012 - 12:56 | Link to Comment d_taco
d_taco's picture

Has anybody told Farage that the City is collapsing?

If we wait an other year his UK Banking masters are out of business and Farage is will lost his funding.

 

 

Mon, 07/09/2012 - 13:04 | Link to Comment Global Hunter
Global Hunter's picture

He seems fairly level headed to me, I'm pretty sure he knows the situation in London and the UK.  Thanks tho for the heads up

Mon, 07/09/2012 - 12:58 | Link to Comment azzhatter
azzhatter's picture

I think total disintegration is more likely. Countries realize they are fucked either way- in or out so they go for the change.

I would like to see Jon Corzine in prison with the same choice- either he takes Bubba's lovestick in his mouth or up his ass, neither option is pretty but either way he's gettin a lovestick

Mon, 07/09/2012 - 12:59 | Link to Comment Dustin de Wynde
Dustin de Wynde's picture

Jimmy Cagney had it right, back in the day, when he was running the West Berlin Coca-Cola offices during the Cold War:

'You mean that I have been a Capitalist for only 3 hours and already I owe $10 thousand dollars!?1!'

"That's what makes our System work, everybody owes everybody.'

https://www.dropbox.com/s/rerjitcp6lw6le7/WhatMakesOurSystemWork.mov

Mon, 07/09/2012 - 13:06 | Link to Comment Rastamon
Rastamon's picture

 

 

 

DUMB and DUMBER - part DUH

 

don't you libertarians get tired of your hypocritical fingerpointing at the eeeevil guv'ment all the time? how terrible it must be to constantly KNOW DEEP DOWN that the person to blame for this mess is looking back at you in the mirror.

 

but then, denial always transforms into something else.... which explains the virulency of the libertarian CULTISTS' when their delusions are challenged.

 

Mon, 07/09/2012 - 13:10 | Link to Comment Global Hunter
Global Hunter's picture

Hey so called Rastamon, ever heard of Rastafari speak of Babylon as in "Babylon will collapse" or burn?  They're talking about the same things.

The Collieman

Mon, 07/09/2012 - 13:34 | Link to Comment NotApplicable
NotApplicable's picture

What's really funny here is that you aren't even trying to troll, but rather, are likely this incoherent naturally (unless you're purposely putting forth a fail troll, which seems kind of a waste of time).

Not even worth a down-vote.

Mon, 07/09/2012 - 13:36 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

*LOL*

'CNBC sucks!' -- Libertarian doofus

'Ooooo Farage is on! Quick make it the featured ZH article!

Mon, 07/09/2012 - 14:39 | Link to Comment LULZBank
LULZBank's picture

Now, that is definitely US Citizenism at work!

Mon, 07/09/2012 - 13:38 | Link to Comment pods
pods's picture

As a libertarian, I in fact do see the problem in the mirror.  Hence why I will not go further into debt.

But that does not mean that I cannot get angry at my never resting government borrowing on my behalf.

pods

Mon, 07/09/2012 - 14:09 | Link to Comment Global Hunter
Global Hunter's picture

pods as a libertarian I have to agree with you and I try to remember to put pragmatism first, and as a person strongly moved by the message of Rastafari I try to pick myself up every day and try try try (like a libertarian).  My idea of a free world includes folks with ideas and dreadlocks that at first appear strange to me...I'm not sure what the Rastamon poster is on about to be honest as Peter Tosh said "there are many men who were dreadlocks and they're a million miles away from Rasta, they are night and day...Rasta is about righteousness".  Which to me means speaking the truth, or aiming to speak the truth, exactly what Santelli and Farange were doing here in the interview.  

 

Mon, 07/09/2012 - 13:40 | Link to Comment kridkrid
kridkrid's picture

I'm noticing an interesting trend over the past few weeks... I've been seeing "Libertarian" referenced more and more.  There was an article over the past couple of days through some mainstream media source about how the Libertarian vote was going to be a swing vote come November.  I'm not sure what this is all about, but it certainly seems a little forced.  

For what it's worth... I don't think the monetary system has much of anything to do with any political party.  "Libertarians" might, on average, be in favor of some system of sound money, but the drive to politicize this as a "libertarian" issue seems odd... seems like a set-up, somehow.  The FACT that our global monetary system is a debt based ponzi scheme is completely apolitical.  Completely.  It is, rather, a simple fact of how money comes to be.  The system may leverage a political apparatus to grow beyond what it otherwise could, but the Ponzi scheme itself is NOT political... Republican, Democrat, Libertarian, Social Democrat, Green Party, etc.  

Mon, 07/09/2012 - 13:06 | Link to Comment digalert
digalert's picture

Do you think state propaganda CNBS allowing Farage and Santelli to speak the truth means the zombie network see's the writing on the wall?

World FIAT currency experiments are a failure, admit it.

Mon, 07/09/2012 - 13:36 | Link to Comment NotApplicable
NotApplicable's picture

No, it means it's too late to avoid the consequences, so they can now start to appear like they are "leading" rather than following the debate.

Gotta keep those last three viewers, ya know.

Mon, 07/09/2012 - 13:11 | Link to Comment theTribster
theTribster's picture

Nigel is the man. He lets the technoeurocrats have it everytime he gets up and talks, they hate him. As the story continues to unfold it becomes more and more obvious that Europe is crashing and burning while Germany decides if it will stay or go, probvably 50-50 at this point. That would be the ultimate market destroyer, at least for a short term. Can you imagine "Germany Departs the Eurozone" as a headline one morning in the not too distant future?

Mon, 07/09/2012 - 13:28 | Link to Comment Debt-Is-Not-Money
Debt-Is-Not-Money's picture

When Nigel speaks to those a-holes he acts the part of the French soldier in "Monty Python and the Holy Grail":

I FART IN YOUR GENERAL DIRECTION !

 

Mon, 07/09/2012 - 13:41 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Parliment: Seize him!!

 

Nigel: Yo.. Seize THIS!

Mon, 07/09/2012 - 13:19 | Link to Comment jimijon
jimijon's picture

COME AND HELP ME GET CHARLES NOMINATED!

 

http://www.facebook.com/CharlesPonziForANobel

 

 

Mon, 07/09/2012 - 13:41 | Link to Comment NotApplicable
NotApplicable's picture

Absolutely NOT. WTF is up with using Ponzi to smear capitalism? Is there nothing to be done that is NOT wholly destructive to society?

Great idea.

Insanely homicidal implementation. You're promoting the Mark of the Beast at the same time as trying to demote it.

Mon, 07/09/2012 - 13:21 | Link to Comment Dubious Maximus
Dubious Maximus's picture

The whole Eurozone experiment is "beginning to resemble a John Ponzi scheme". 

There you have it folks.

Mon, 07/09/2012 - 13:21 | Link to Comment world_debt_slave
world_debt_slave's picture

great stuff, I was also having green screen issues on youtube vids. Turns out with an update to Adobe Flashplayer, one needs to right click on the youtube vid, go to settings and uncheck "use hardware acceleration.". Worked for me.

Mon, 07/09/2012 - 13:32 | Link to Comment bugs_
bugs_'s picture

awesomeness

Mon, 07/09/2012 - 13:35 | Link to Comment Dr. Engali
Dr. Engali's picture

I wish they hadn't cut that piece so short. I would love to have heard more.

Mon, 07/09/2012 - 13:36 | Link to Comment Miss Expectations
Miss Expectations's picture

"Never in the history of mankind have so many owed so much to so few"

Churchhill

Mon, 07/09/2012 - 13:37 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Go Rick! And Nigel for President, Rick for VP slot. The truth is refreshing!

 

Thanks!

 

-BD

Mon, 07/09/2012 - 13:53 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

i think it is funny when tyler can't get the TV clips from the MSM to work right

if he blows him self up at this point, who would be surprised? or even care? mauldin and casey? and mittens? some guy with a pig-tail? rPaul? soros? haroldCamping?

funny, tho, tyler!

keep drinking! maybe buy some more kool-aid too?  L0L!!! 

LQQK!  more "lime-flavored QE" for tyler!  this is from the canadian "austrian" fuktard!  a gift!  just in time for the fight against socialism too

zH 2012 is certainly no "repeat of 2011";  neither have the markets been, of course, btw...  those who said so early just got "majority junked"

must.fight.socialism.for.mittens'.money.

THE END, BiCheZ!

Mon, 07/09/2012 - 13:53 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Raw-Money 2012!

 

Mon, 07/09/2012 - 14:51 | Link to Comment tongue.stan
tongue.stan's picture

they say if you set a rodent in front of a keyboard, eventually he will make sense

they are wrong

Mon, 07/09/2012 - 20:24 | Link to Comment i-dog
i-dog's picture

LOL ... laugh of the day!

Mon, 07/09/2012 - 13:47 | Link to Comment AlamoJack
AlamoJack's picture

@Rastamon

You are right - we are PHUCKING tired AND...AND the guvmint IS evil - thanks for reminding us.  Have you read anywhere what (as Americans-that you obviously dislike) can do legally to stem this tide of guvmint hypocracy and thievery?  We would all luv to hear your take on what a course of action should be Einstein.

Burma Shave

Stay on the Road

Mon, 07/09/2012 - 13:58 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Permant fix? Rebuh-lushun. Temporary fix Civil Disobediance. But were just going to sit and smoke Hopium, braeath aluminum oxide and drink Floridation and do shot's of Aspertaime. Americans are not just lazy, but we think were entitled, there within lies the problem. 

Mon, 07/09/2012 - 13:49 | Link to Comment MeBizarro
MeBizarro's picture

"US chief of non-hype Rick Santelli"

Rick Santelli is a few things but this isn't one of them.  He's a ratings whore who uses his share of hype and buzz words to grab attention.  Doesn't mean I don't think he makes some general valid points but he isn't a non-hype type.  

Mon, 07/09/2012 - 13:54 | Link to Comment MeBizarro
MeBizarro's picture

Brings on the thumbs down if you will but if you don't see that Rick Santelli isn't just another side of the opposite coin in the ratings game, you are either too dumb or too slow to recognize the hustle. 

Mon, 07/09/2012 - 14:29 | Link to Comment Henry Hub
Henry Hub's picture

I think Rick Santelli knows the score (unlike some of the other air heads) but, come on, he works for CNBC. He can only go so far. He's very careful to hint at the truth but the guy probably has a mortgage and kids at college. If he goes too far on CNBC, he's down the memory hole.

Mon, 07/09/2012 - 15:21 | Link to Comment blunderdog
blunderdog's picture

The problem with Santelli is he's a fuckin' IDIOT.

Sure, he's got the most basic things down--the government is spending too much, the dole has to end, the "real economy" can't function buried under hundreds of thousands of pages of bullshit from the Feds, etc.

But at the end of the day, he's just a loudmouth moron making the right noises to draw his audience.  The fact that he doesn't know the name of the interviewee isn't in itself proof of his idiocy, but it is a symptom.

Mon, 07/09/2012 - 13:56 | Link to Comment mark7
mark7's picture

"UKIP has never won a seat in the House of Commons. UKIP holds two in the unelected House of Lords, both due to defections from Conservative peers. It has 12 seats in the European Parliament, down from 13 won due to defections; but one gained from the defection of Roger Helmer from the Conservative Party"

So this is the "voice of UK"?! I guess Montana Militia or KKK should be considered as "voice of Americans" then...

Mon, 07/09/2012 - 20:48 | Link to Comment mendolover
mendolover's picture

I would say he is the voice of sanity.

Mon, 07/09/2012 - 14:13 | Link to Comment EmileLargo
EmileLargo's picture

The German capacity for sef-delusion knows no bounds. I was talking to a German friend the other day and he said that the "Anglo Saxon media" underestimates the "resolve" of the Europeans to keep this thing together. Well, my friend, you get what you ask for. Sorry. You and your country are going to be utterly ruined. The savings of an entire generation will be pissed down a black hole and will be gone for good. It will be like trying to rebuild an economy after WWII - with massive misallocation of capital over an entire generation. The stupidity of this knows no bounds. 

Mon, 07/09/2012 - 15:21 | Link to Comment Winston of Oceania
Winston of Oceania's picture

The is a heaping pile of GS at the end of every "black hole" with money being thrown into it.

Mon, 07/09/2012 - 20:31 | Link to Comment i-dog
i-dog's picture

France is a "safe haven"?!

Wow! ... Alice was right ... we're not in Kansas any more.

Mon, 07/09/2012 - 14:40 | Link to Comment goforgin
goforgin's picture

So how does Ireland, one of the northern most countries, become a member of the prestigious PIIGS Mediterranean Club? I guess it must be that lowest corporate tax rate of 12.5%!

Since there are no corporate taxes to speak off in the Club Med member countries, a chief characteristics that PIIGS have in common is low or non-existent corporate taxation.

Since corporate taxes are nothing but trivial($175-250 billion paid by US corporation, a contribution rate that is 10 times lower than that of individuals), it won't be long for PIIGS to become PIIGS 'n US.

Low corporate taxation leads to deficit spending and debt. Don't believe me, look at real tax rates in PIIGS 'n US.

 

Mon, 07/09/2012 - 15:20 | Link to Comment Winston of Oceania
Winston of Oceania's picture

Corporate taxation is simply passed on to the end bagholder, er I mean user which just happens to be YOU...

Mon, 07/09/2012 - 14:39 | Link to Comment QE49er
QE49er's picture

Roubini: “Levitational force of policy easing can only temporarily lift asset prices as gravitational forces of weaker fundamentals dominate over time."

In other words, crack can temporarily get you high and the withdrawal fundamentals will eventually dominate you making you into an addicted zombie slave to the central banks.

Mon, 07/09/2012 - 14:42 | Link to Comment goforgin
goforgin's picture

Crack up boom.

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