Sarkozy: Europe's "Liquidity Run" Has Begun Because There Is An Unsolvable $30 Trillion Problem

Tyler Durden's picture

No, not that Sarkozy. His half-brother - the one who actually can use a calculator. In an interview on CNBC, the Carlyle group head had the temerity to tell the truth, the whole truth, and use math - that long-forgotten concept which one has to scour various backwater blogs to rediscover - to explain nothing but the truth which is that Europe needs many more trillions than either the EFSF or the ECB can afford to give. Actually, we take that back. The ECB can inject the needed €3-5 trillion, but after that concerns about localized episodes of (hyper)inflation, especially now that Kocherlakota has confirmed that the transmission mechanism between bank reserves and inflation may be broken, will be all too justified. In the meantime, Sarkozy on Europe math fail: "The math i'm working with is very simple. In the US banking sector, we had 3 trillion of wholesale funding that needed to be stabilized, got stabilized by the implementation of TARP which saw the US treasury buy $212 billion worth of preferred in the banking sector to stabilize that $3 trillion, give our banks the time to work through hair problem their problem assets. In Europe, that $3 trillion is $30 trillion. so if you multiply the $212 by 10, you get the $2.12 trillion. In my view, the issues on the European banks are bigger than the issues on the books of the US Banks. So if you want to stabilize that $30 trillion and in my view it's not that you want to, it's that you have to, you do not have a choice, you're going to have to be at least at 2.1 trillion and i suspect it may need to be more." Q.E.D. - there, the math wasn't that difficult, was it?

And for his other clips from the morning click here and here.

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BaBaBouy's picture


EL PRINTO Time, Bitchez ...

eureka's picture

US Gov needs $60 + TRILLION !!!

Q: What backs USD?

A: $300 Million US/IRS tax-slaves.

Ron Paul 2012.

BaBaBouy's picture

They are Printing Infinite Paper Gold, so whats the problem printing Infinite Paper Fiats ???

camaro68ss's picture

Why dont they start digging up silver out of the ground to pay down there debt? it only cost $5 to do so. Well maybe $6, inflations has been working shovel market. lol

Sudden Debt's picture

The fucking Carlyle group man! That's one of the most crooked investment firms on earth! Goldman sach X 1000 !

JoeSexPack's picture

2nd only to Crown Corporation for NWO insiders.

SDRII's picture

Olivier Sarkozy was born to Pal Sarkozy de Nagy-Bocsa and Christine de Ganay. His father was previously married to Andrée Mallah and had three children with her, including Nicolas and Guillaume, whom Sarkozy met with weekly during his early childhood. Christine de Ganay divorced and then married Frank G. Wisner, an American diplomat, when Sarkozy was only 7 years of age. He spent the rest of his childhood and adolescence outside of France, living in Zambia, Egypt, and British boarding school, though Sarkozy still met his half-brothers during the summer months. Sarkozy later studied at the University of St Andrews, where he earned an M.A. in medieval history.[1]Wiki

Frank G Wisner: - From Wiki: "Wisner was involved in a diplomatic gaffe during the pro-democracy uprising in Egypt in early 2011.[5] The Obama administration asked Wisner to carry views to Egyptian dictator Hosni Mubarak, including advice that Mubarak should resign to defuse the crisis. Wisner was not successful in convincing the dictator of the wisdom of the administration's suggestions. Just 4 days later, after a day in which Mubarak allies took violent reprisal against democracy activists, Wisner spoke to a security conference in Europe and called it "crucial" that Mubarak stay on in the interest of "stability", in direct contradiction of the American policy he had been asked to convey.

OTher highlights:

Currently, on Boards of ALICO and the AIG Investment Bank in Russia. Mr. Wisner is on the Board of Hakluyt, a British corporate investigation firm. His non-profit board affiliations include Rockefeller Brothers Fund, the American University of Beirut, the American University of Cairo, the American School of Tangiers, Refugees' International, United Service Organization, The Metropolitan Museum of Art's Business Committee, Institute for the Study of Diplomacy at Georgetown, Princeton University's Middle Eastern Affairs Advisory Board and The American Hospital in Paris.

Frank's Father: - From Wiki: Frank Gardiner Wisner (June 23, 1909 – October 29, 1965) was head of Office of Strategic Services operations in southeastern Europe at the end of World War II, and the head of the Directorate of Plans of the Central Intelligence Agency during the 1950s.




JW n FL's picture



Uploaded by on Nov 22, 2011

Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host, Stacy Herbert, discuss the Koch Brothers and MF Global and Northern Rock and Richard Branson's blonde hair and big, shiny teeth. In the second half of the show, Max talks to independent radio journalist Richard Thomas about Occupy LSX, poll tax riots and financial apartheid.

KR on FB:


For instance, privately held Koch Industries -- whose
businesses make it a leading commodities trader -- sent a
letter to trading partners on Oct. 3 saying it was switching
eight accounts from MF Global to Mizuho Securities USA.

Koch Industries did not comment on the reason for its move.


After 20 PLUS Years! Profitable Years!! BILLIONS! are moved just before the melt down occurs.


Corzine, Team Blue! Lt. for the Democrats!


Team Red Lt.'s Koch's??

But I thought Team Blue Hated Team Red?

I thought Team Red Hated Team Blue??

The only people who believe in Team Blue and Team Red are the Sheep.

The FACT is.. and thats the Truth!


AND! anyone who doesnt know these JEW"S! are FUCKING ALL OF US!! BETTER WAKE UP!

Did Someone At FINRA Do Corzine A Favor And Waive His Registration Requirements?

-Here’s a bit of Wall Street arcana-

The Financial Industry Regulatory Authority’s (“FINRA”) website provides this information at :

-Who must register as a representative?-

Anyone actively involved in the member’s investment banking or securities business must be registered as a representative with FINRA. Their duties may include supervision, solicitation, or training of persons associated with the member.

[NASD Membership and Registration Rule 1031(b) - Definition of Representative]

-Who must register as a principal?-

Persons associated with a member, enumerated below, who are actively engaged in the management of the member’s investment banking or securities business, including supervision, solicitation, conduct of business, or the training of persons associated with a member for any of these functions are designated as principals. Such persons shall include:'

(1) Sole Proprietors

(2) OfficersPartners

(3) Managers of Offices of Supervisory Jurisdiction, and

(4) Directors of Corporations.

:::::::Continued, read more Here:::::::



::::::::CME Knew of MF Global Fund Shortfall Before CFTC Regulators?::::::::

Only days prior to the zombie financial broker that filed for bankruptcy, MF Global conducted “unexplained wire transfers” that brought on a $900 million shortfall in client funds. Customers like Gerald Celente learned that their accounts had been robbed. This is setting a precedent for -internal- bank runs as more big firms begin to go under.

This from BLOOMBERG: ...“Examiners from CME Group Inc., the world’s largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall in client funds during the weekend the failing broker was talking with possible buyers, a person briefed on the matter said.”

On October 30th the CME had noticed these funds were missing, yet MF Global didn’t bother to inform the Commodity Futures Trading Commission until the following day after, which suggests that these transfers were made, “in a manner that may have been designed to avoid detection,” according to CME.


Koch Brothers ='s Jew's who get away with murdering the American Dream! They Kill us ALL with POISON! Spewing from their Companies!

But follow your gut! poison is good for your Kids..

The Jew's are not to blame.. not all of them.. just the ones who run America's Government!

Just the ones who OWN Wall Street!

Not ALL! Just some.

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smiler03's picture

FFS! I gave up on your first line, "Uploaded by  on Nov 22, 2011"

Optimusprime's picture

Great research!  Thanks for the links.

Buck Johnson's picture

You get what happened at MF Global and what is about to happen at Jeffries.  The EU doesn't know where to get that amount of money.  They can try to print but Germany flat out refuses and even if they wanted too all that would do is cause inflation going into hyper inflation.

OMG's picture

Wrong answer Debt backs the USD & tons of it!


It is enforcable by the WAR tools that the United States Corporation Of America posses.

The U.S. Navy is the largest in the world; its battle fleet tonnage is greater than that of the next 13 largest navies combined.[4] The U.S. Navy also has the world's largest carrier fleet, with 11 in service, one under construction (two planned), and one in reserve.


The United States was the first country to develop nuclear weapons, and is the only country to have used them in warfare,

earnulf's picture

Only the nuclear powered naval vessels are immune to sudden shocks in fuel supplies and ships sink.   Plus, much of the US military naval power is projected Air Power (carriers) or missile carriers (Subs and Cruisers)    Nothing that can't be done by land based military units.

As far as being the first to develop, we were actually late to the game.    If we hadn't sabotaged the Germans, the Third Reich might have been first and you can bet that the German Leader at that time (what was his name....) would have used such technology with glee.

While it can be argued that the nuclear bombs that were deployed killed (conservatively 225,000 in Hiroshima and Nagasaki) several hundred thousand people, the planned invasion of the Japanese Home Islands would have likely resulted in a death toll of 370,000 american military and 1.6 million wounded.   Japanese casualties would be even higher.     You might also note that despite being the first to use a nuclear weapon, we have not used one since and have fought since then to keep others from using them.

rlouis's picture

A strategic reality of the nuclear navy is that the navy can park a potential nuclear disaster just offshore of most nations. Sink a carrier and suffer environmental nuclear consequences.   Has all the makings for a Kurt Vonnegut novel.

Iwanttoknow's picture

There is not one iota of evidence that hitler was anywhere close to developing a some history.Heisenberg,who headed the german program,met Neils Bohr secertly and promised to make sure that the porgram does not go anywhere.He kept his promise.

Japan had anounced the terms of surrender on national radio before Hiroshima and Nagasaki were nuked.None of them were military targets.Oppenheimer begged for a demonstrationstion of a nuclear explosion instead of dropping them on civilia

DonutBoy's picture

Really?   That is news.

Do you have a reference for Japanese terms of surrender being announced before Hiroshima & Nagasaki?

Do you think America should have refrained from developing nuclear weapons because of a second-hand report of a remark from one physicist?


Iwanttoknow's picture

As soon as I get off from work, I'll post the reference.No,this is not news to people who are not raised on propaganda.Read some books on the history of development of Atomic weapons.

Iwanttoknow's picture

Here is the reference.If you need more,do let me know. 

Iwanttoknow's picture

Here is the reference.If you need more,do let me know. 

lincolnsteffens's picture

Probably all true I recall the Japanese were trying to do what many States of Europe and the US had done like conquering other nations or regions for their own pillaging. The Western Powers didn't like the Japanese idea and started to encircle the Japanese access to (ta dahhh) oil. What ever, we didn't attack Japan's naval fleet and start moving troops to claim islands (ta dahhh) we thought "belonged to us". So don't start a fight you can't predict the outcome of (which means just about any fight) except like Panama and Grenada.

Iwanttoknow's picture

I was not trying to defend either Japanese or german imperialism.My point was our imperialism is bad as others.

RafterManFMJ's picture

This, from the W. TimeS?


Making money disappear

The major world governments are in the process of destroying the value of the money their citizens hold. On Nov. 16, the Cato Institute held its annual monetary conference. Speakers included high-ranking officials from the Federal Reserve and monetary experts from the academy, think thanks and financial institutions. There was unanimous agreement that the world monetary system is in deep trouble, which is obvious to anyone who keeps up with the news. It is easier to observe the problem than to come up with a solution.

rambler6421's picture

Leverage is a bitch........bitchez!

knight99's picture

c u later euro bitchez!!

topcallingtroll's picture

We should probably wish the european people well,

and their oligarchic, crony socio-capitalists hell.

Hearst's picture

Why Europeans in general have not flocked to Gold and Silver yet is a mystery to me.  I know some have.  I've read that Germans especially are diversified. But it doesn't seem like most of Europe realize that between outright default and monetization, the later will be utilized as history has shown.

XXL66's picture

some have, but you cannot believe how the prestitutes bash gold. They even bring "well respected economic professors" like Paul de Grauwe on tv saying gold has crashed and it's a bubble like L&H.

It is very difficult to convince people to buy fysical gold, even my 76 old father we knew what gold did stand for during the war still didn't buy any since i said to do so end 2008 and it has gone up 100% in euro's.

btw, local Joe Sixpack just watches his favorite series like "The bold and the beautiful"...

terryfuckwit's picture

listen up i buy small every week in the uk... i don't talk to very many here about it.. they think you are tin foil hat 20%vat which makes me look an even bigger fuckwit... the dealers i buy from tell me they are busy especially during the big take downs...telegraph news paper reported oil chemical and silver imports having a big negative impact on the defecit.. so me not the only fuckwit

smiler03's picture

Terry!! You must truly be a fuckwit of gargantuan proportions if you are paying VAT on buying gold.

Just search for "gold coins" on the Revenue & Customs website.

Investment coins, including Krugerrands & American Eagles are VAT free!

Bam_Man's picture

And where does this $2-3 trillion come from?

The Credit Fairy?

Decay is Constant's picture

Just sighted, UFO's are landing and offering to buy Euro bonds.  It just so happens that they have 2.1 Trillion.

What luck!

Shitters_Full's picture

Quick, call Krugman and start the war machine.  We can take care of all this 'recession' business at once.  Scramble the F-16s.  It's on!

spanky bernanke's picture

War is the end game of Drugman's arguments. I hadn't read that before.


I mean if earthquakes and hurricains are good, war is a Godsend.

srsly-wtf's picture

Benny and the (Ink)Jets

Quintus's picture

Oh dear.  The family gathering will be a frosty affair chez Sarkozy this Christmas....

GeneMarchbanks's picture

Don't worry. I don't think Hungarian Jews celebrate Christmas. Frosty-ness spared.

fonzanoon's picture

It's almost noon. Time for them to float a rumor.

Snakeeyes's picture

This is getting ugly. Look at Belgian and German intraday bond yields!

Belgium Dexia Debt Woes, Germany's Debt Issuance Debacle - Obama Spares Two Turkeys (NOT Belgium and Germany)

The Big Ching-aso's picture



Looks like the Belgians are starting to waffle on their bonds.

GeneMarchbanks's picture

SDRs! Get your piping hot SDRs here!

kaa1016's picture

It was refreshing to hear a bit of truth instead of the typical everything is great, America's best days are ahead of it fluff (Trump, Langone, etc.), without actually acknowledging the elephant in the room, global involvency.

DB Cooper's picture

Sarkosy and Kyle Bass are so calm and confident and contrast that to the Bernank who looks and sounds like he's going to pee his pants any second.  Makes me quite sure who I can believe in!

kaa1016's picture

Without a doubt, two very confident and competent people.

rufusbird's picture

It helps when you believe what you are saying...

Village Smithy's picture

Hey Mr. Sarkozy do you need a good caretaker for that nice farm of yours? Will work for food and lodging.

Cognitive Dissonance's picture

"Sarkozy: Europe's "Liquidity Run" Has Begun Because There Is An Unsolvable $30 Trillion Problem"

30 trillion here, 30 trillion there. Before you know it, it all adds up to some "real" money. :)

Buy Gold and Silver, then have some Precious Metals for lunch.

Edible Gold

Spastica Rex's picture

Just imagine what would happen should the spell ever be broken on a global scale.


CH1's picture

Just imagine what would happen should the spell ever be broken on a global scale.

Yeah... welcome back to history.

greensnacks's picture

And here is what is being propagated to the masses:


Quick, start buying! It was all a mistake. yeeeech!