This page has been archived and commenting is disabled.

Silvio Berlusconi Has Resigned

Tyler Durden's picture





 

And so an era ends.

BBC reports:  Silvio Berlusconi has tendered his resignation as Italian prime minister.

President Giorgio Napolitano is likely to accept his offer and appoint Mario Monti, a technocrat, as his successor.

Mr Berlusconi lost his majority amid an acute debt crisis that threatens the eurozone. He promised to go once MPs had approved new austerity mesasures.

He is Italy's longest-serving post-WWII PM - having dominated political life for 17 years. His premiership has recently been marred by many scandals.

Crowds gathered outside the parliament, shouting "Resign" and "Bye bye Silvio". Later, groups outside the president's and prime minister's offices shouted abuse, calling Mr Berlusconi a "buffoon".

The outgoing prime minister said he felt "embittered" after hearing the insults.

After losing his parliamentary majority on Tuesday, Berlusconi promised to resign after austerity measures, demanded by the EU and designed to restore markets' confidence in the country's economy, were passed by both houses of parliament.

Members of the lower house voted 380-26 with two abstentions on Saturday, a day after the Senate approved the measures that have now been signed into law.

After accepting Mr Berlusconi's resignation, Mr Napolitano is expected to formally ask Mr Monti or another candidate to form a government of technocrats.

...

Once Berlusconi steps down, former European Commissioner Mario Monti is expected to be given the task of trying to form an administration to manage an escalating financial crisis.

Italy, the euro zone's third largest economy, came close to disaster this week when yields on 10-year bonds soared over 7.6 percent, the kind of level which forced Ireland, Portugal and Greece to seek an international bailout.

Berlusconi, who failed to secure a majority in a vote on Tuesday, promised to resign once parliament passed the package of economic reforms demanded by European partners to restore confidence in Italy's battered public finances.

"We are waiting for the end, we are waiting for the end of the Berlusconi era, we hope it is going to be the end," said Rome resident Angela Lanza.

Monti, named by Napolitano as a Senator for Life on Wednesday, is expected to appoint a relatively small cabinet of technocrat specialists to steer Italy through the crisis.

With the next election not due until 2013, a technocrat government could have about 18 months to pass painful economic reforms but will need to secure the backing of a majority in parliament and could fall before then.

BBC reminds that it will not be smooth sailing for Monti:

Mr Monti, a well respected economist, is exactly the sort of man that the money markets would like to see take charge at this time of crisis, our correspondent says, but there is significant opposition to him within the country.

The austerity package foresees 59.8bn euros in savings from a mixture of spending cuts and tax rises, with the aim of balancing the budget by 2014. Measures include:

  • An increase in VAT, from 20% to 21%
  • A freeze on public-sector salaries until 2014
  • The retirement age for women in the private sector will gradually rise, from 60 in 2014 until it reaches 65 in 2026, the same age as for men
  • Measures to fight tax evasion will be strengthened, including a limit of 2,500 euros on cash transactions
  • There will be a special tax on the energy sector

On Wednesday, the interest rate on 10-year Italian government bonds touched 7%, the rate at which Greece, Ireland and Portugal were forced to seek bailouts from the EU.

Indeed, Italy not known for any easy political consensus, will likely make a transition government difficult:

Even as preparations for a transition begin, signs of opposition have appeared, with Berlusconi's PDL party split between factions ready to accept a Monti government and others deeply opposed.

Berlusconi had a working lunch with Monti before the vote, suggesting the outgoing government will not try to block a quick handover, but the attitude of the center-right as a whole remains unclear.

The PDL's main coalition ally, the regional pro-devolution Northern League, has declared it will go into opposition, underlining the risk that the new government will lack the broad parliamentary support it will need to pass deep reforms.

"The convulsions in the center-right at the prospect of a government led by Mario Monti signal a danger: that a divided coalition may be tempted to unload its divisions on the country," the daily Corriere della Sera said.

The center-left Democratic party and smaller centrist parties have pledged support to Monti. Italy's main business and banking associations and some of the moderate trade unions have also called for a government of national unity.

Nonetheless, as Reuters with shows with the immediate reaction from Rome, people seem happy... if even for a few hours.

Crowds gathered at government buildings on Saturday celebrating the imminent departure of Prime Minister Silvio Berlusconi after parliament cleared the way for his resignation by approving a budget aimed at rescuing Italy from financial crisis.

Hundreds of demonstrators waving banners mocking Berlusconi flocked to the president's residence at the Quirinale Palace and shouted "clown, clown, clown" as the motorcade carrying the billionaire media entrepreneur who has been Italy's longest serving prime minister entered.

Berlusconi arrived at the palace, which was under heavy security, to formally hand his resignation to President Giorgio Napolitano and bring an end to one of the most scandal-plagued periods in recent Italian history.

An orchestra near the palace played the Hallelujah chorus from Handel's Messiah. "We are here to rejoice," one of the musicians said.

Demonstrators chanting "resign, resign, resign" also gathered outside the prime minister's office and parliament, heckling ministers as they walked between the two buildings.

Follow the developments in real time at the Corriere site:

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 11/12/2011 - 17:01 | Link to Comment FLUSA.com
FLUSA.com's picture

Hasta la bye bye fuck face.........Only if Gaddafi did the same thing he would have one less sword up his ass...

Sat, 11/12/2011 - 17:06 | Link to Comment vast-dom
vast-dom's picture

BULLISH¿

 

¿  ¿

  ¿

???

Sat, 11/12/2011 - 17:13 | Link to Comment Comay Mierda
Comay Mierda's picture

he's out on the loose now... hide yo kids, hide yo wife! he gonna rape errrbody!

Sat, 11/12/2011 - 21:14 | Link to Comment Taint Boil
Taint Boil's picture

 

 

This is one man – now he is gone. Soooo everything is OK now … all the debt is gone….. New debt will replace the old debt and …. everything is OK [second time] aaah yeah riiiight….. LOOK! LOOK! Over there, there is a monster coming …..[sneak off to the left or right – or where ever]

Sat, 11/12/2011 - 21:44 | Link to Comment i-dog
i-dog's picture

Bingo! Replacing Bunga-Bunga with an arch-globalist (European Chairman of David Rockefeller's Trilateral Commission; senior Bilderberg Advisor and 24 times attendee at Bilderberg Conferences; president of a university that includes a 'Model United Nations' for high school students as part of its outreach program; Italian 'Senator For Life'; advisor to Goldman Sachs;....) is going to solve exactly what!?!

FFS, this is a supreme example of why democracy and its bastard spawn, the European Experiment, is a big fail.

 

PS. How does one become a 'Senator for life' in a 'democracy'? ... it sounds like the kind of job I'd like!!!

Sun, 11/13/2011 - 07:12 | Link to Comment Harlequin001
Harlequin001's picture

Ah the world will surely miss him, there aren't too many of the world's leaders willing or even capable of blaming a complete financial collapse on drug taking traders now are there.

Such a shrewd mind, when you think about it...

Not...

Sun, 11/13/2011 - 07:15 | Link to Comment Harlequin001
Harlequin001's picture

'he's out on the loose now'...' - like Tony Blair, he'll be off to JPM on a multi million dollar salary. Mission accomplished...

Sat, 11/12/2011 - 17:15 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Winning by fucking up!!!

Sat, 11/12/2011 - 17:56 | Link to Comment trav7777
trav7777's picture

shit's all coming apart anyhow, why would he want to preside over it?

Sat, 11/12/2011 - 18:28 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

I often think things are pretty fucked up.  Then I wonder if they can actually get any MORE fucked up.  In spite of what my fairly creative self can conjure up, a little voice in the back of my mind keeps telling me that things can always get even more fucked up.  And then, BAM!, just like the little voice said, things get even more fucked up.

If you think things are fucked up now, just give it some time.  It will get worser.  The worsest is still to come.

Sat, 11/12/2011 - 19:18 | Link to Comment redpill
redpill's picture

What's laughable is they think those 5 little bullet points are going to make a dent in the Italian debt problem.

Sat, 11/12/2011 - 19:27 | Link to Comment jekyll island
jekyll island's picture

Mr Monti, a well respected economist, is exactly the sort of man that the money markets would like to see take charge at this time of crisis    

Monti is an insider picked by the banking cartel.  His job is ensure the banks are taken care of first, screwing the Italian middle class.  That's why he only needs 5 bullet points.

 

 

      

Sat, 11/12/2011 - 19:37 | Link to Comment redpill
redpill's picture

It's the same play that is going on in Greece.  Get a banker-buddy in charge to put the final nail in the coffin.

Sat, 11/12/2011 - 20:56 | Link to Comment jekyll island
jekyll island's picture

Exactly, they both have similar resumes.  Looks like the banking cartel means business.  More europeans will get screwed.  Same as it ever was. 

Sat, 11/12/2011 - 20:00 | Link to Comment sabra1
sabra1's picture

seems the eye-tally-onions all have an IQ of less than 100 each! laugh and cheer, they'll use sylvio as a scape goat, while getting spaghetti shoved up where the sun don't shine!

Sat, 11/12/2011 - 18:49 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Exactly.

Why stay?

They aren't going to fix their deficit and there will be enormous opposition to any attempts.  Italian bond yields are going up and there is nothing to stop them other than 100% German surrender to ECB printing.

There Is No Constituency For Austerity.  Ever.

 

Sat, 11/12/2011 - 19:26 | Link to Comment scratch_en_sniff
scratch_en_sniff's picture

errr, like he had a choice? Shit has been coming apart for millennia in Europe- just because some sordid little tramp resigns everyone thinks it’s curtains, its hilarious - this is a positive…a big one. Give me a technocrat government any day, sounds good to me.

Sun, 11/13/2011 - 06:26 | Link to Comment zhandax
zhandax's picture

My Italian sucks.  I am still trying to decide if the graphic above translates "Berlusconi leaves; reaches out to Monti", or "Berlusconi leaves; heads for the hills".

Or has Tyler gone multi-lingual with the double entendres?

Sat, 11/12/2011 - 17:58 | Link to Comment AldousHuxley
AldousHuxley's picture

Apple has a new app out  for current politicians called 'iResign'.

It is a sequel to a previous app called 'iFuckedUp'

 

US chamber of commerce has successfully lobbied the congress to ban the app in united states while allowing another app for American workers 'iGotScrewed'

Sat, 11/12/2011 - 19:38 | Link to Comment paarsons
paarsons's picture

I' m quite sad.

Say what you will about him.

But the man actually threw a great fuck party.

How many people can say that?

http://fucklloydblankfein.blogspot.com

Sat, 11/12/2011 - 17:34 | Link to Comment I am more equal...
I am more equal than others's picture

Lasciarlo dorme con i pesci

or

La morte e la distruzione sono presto di seguire

Sun, 11/13/2011 - 11:08 | Link to Comment Glass Steagall
Glass Steagall's picture

English, dude, English.

Sat, 11/12/2011 - 19:58 | Link to Comment tom a taxpayer
tom a taxpayer's picture

Arrivederci, Roma.

http://www.youtube.com/watch?v=-prQ8AE_nvY


Or try this delicious, dolce version.

http://www.youtube.com/watch?v=2dhgu6geljY&feature=related

Or Chet Atkins version of Arrivederci, Roma.

http://www.youtube.com/watch?v=YBj2xF294p4&feature=related

 

Sat, 11/12/2011 - 17:14 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Il Duce II

Gone without a coup

Wonda who'll replace him

Prolly 'nother Il Duce too.

Sat, 11/12/2011 - 18:57 | Link to Comment Aguadulce
Aguadulce's picture

I'm reading this post while taking il Duce............

Sat, 11/12/2011 - 17:17 | Link to Comment covert
Sat, 11/12/2011 - 17:31 | Link to Comment FLUSA.com
FLUSA.com's picture

Gaddafi had a chance to ride off into the sunset with a ton of gold and no military conflict would have had to happen.....   http://www.metro.co.uk/news/879734-new-footage-shows-gaddafi-being-sexua...

Sat, 11/12/2011 - 18:36 | Link to Comment Gully Foyle
Gully Foyle's picture

Thug: Mama Mia!

Sat, 11/12/2011 - 18:51 | Link to Comment MassDecep
MassDecep's picture

Mario Monti

Educated Yale (Keynesian)

Professor Turin Bocconi (25 yrs)

Technocrat EC since 1994

Member Tri Lateral Commission, European Chair, Bilderberger Steering Committee

Nothing like a Great replacement!!!! This world is sooooo Controlled!!!

Sat, 11/12/2011 - 19:49 | Link to Comment mfoste1
mfoste1's picture

you are not well informed

Sat, 11/12/2011 - 22:39 | Link to Comment philipat
philipat's picture

Mr Belusconi said through a spokesperson "After very careful consideration, I have decided to spend more time on my Bunga Bunga activities and enjoy my billions, especially now that I have been able to stack the system in favor of my media empire's virtual monopoly". He added "Who needs more of this shit".

Sun, 11/13/2011 - 13:35 | Link to Comment Fíréan
Fíréan's picture

IS THERE MORE THAN ONE VERSION OF THIS WEBSITE ?

HOW COME I GET ONLY THE EURO VERSION DAILY  ! ! ! ! !

 

OR DOES FUCKALL HAPPEN ON THE OTHER SIDE OF THE OCEAN WORTH THE ATTENTION OF THIS TURDON CROWD

Sat, 11/12/2011 - 16:55 | Link to Comment kito
kito's picture

yeah, its berlusconi that was the problem. sure. as is often stated here....good luck with that.....

Sat, 11/12/2011 - 16:57 | Link to Comment CH1
CH1's picture

Nope, he wasn't THE problem, but he sure is a twisted son of a bitch.

Bye, bye, bunga man.

Sat, 11/12/2011 - 17:01 | Link to Comment kito
kito's picture

maybe he was a son of a bitch, but he sure wasnt merkozys bitch. 

Sat, 11/12/2011 - 17:43 | Link to Comment Tsunami Wave
Tsunami Wave's picture

There goes one of the more honest heads of state in the EU.. still corrupt and feckless though

Sat, 11/12/2011 - 17:58 | Link to Comment kito
kito's picture

precisely. if im from italy id rather have a corrupt and feckless italian leader, not a take it in the ass from merkozy, corrupt and feckless euro leader....

Sat, 11/12/2011 - 18:05 | Link to Comment AldousHuxley
AldousHuxley's picture

Italia is nothing without the roman empire.

 

Same with Portugal, Spain, France.....

 

Europe ain't shit without her slaves and old ruins from glory imperialism days for Asian and Arab tourists.

 

UK holding on with her ownership of Canada, Australia, etc.....

 

American is practicing a new form of colonialism which imports slaves from Mexico while maintaining manufacturing in China.

 

 

Sat, 11/12/2011 - 18:20 | Link to Comment knukles
knukles's picture

Watchu mean derez Puerto Rico.

(and them other 7 states that O visited)

Sat, 11/12/2011 - 20:42 | Link to Comment CH1
CH1's picture

You realize, of course, that identification with a leader is highly barbaric. Right?

Sat, 11/12/2011 - 19:08 | Link to Comment bob_dabolina
bob_dabolina's picture

And he will be replaced by another corrupt sycophant with megalomania.

...the world turns

tradeonfire.blogspot.com

Sat, 11/12/2011 - 16:59 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

The best they could do for Monti was 'technocrat'?

The young Italians love techno.

Sat, 11/12/2011 - 18:23 | Link to Comment AldousHuxley
AldousHuxley's picture

Monti is...

 

Sat, 11/12/2011 - 19:07 | Link to Comment JenkinsLane
JenkinsLane's picture

A safe pair of hands

Sun, 11/13/2011 - 02:09 | Link to Comment zhandax
zhandax's picture

Onside kick?

Sun, 11/13/2011 - 06:18 | Link to Comment Gief Gold Plox
Gief Gold Plox's picture

Thing is, the masses are so happy bunga bunga is finally out that Monti will have a few months of fucking them over before people start noticing again. Once the focus is shifted to him, just rinse, repeat.

There... democratic government model definition at it's best.

Sat, 11/12/2011 - 21:03 | Link to Comment jekyll island
jekyll island's picture

After he secretly transfers the wealth to the banks right in front of everyone is he going to be called Three card Monti? 

Sat, 11/12/2011 - 22:48 | Link to Comment JenkinsLane
JenkinsLane's picture

+1

Sat, 11/12/2011 - 16:59 | Link to Comment pleseus
pleseus's picture

Risk On. Tuesday. Risk Off.

Sat, 11/12/2011 - 17:18 | Link to Comment Karl Tashjian
Karl Tashjian's picture

Wednesday, Thursday, Friday - No volume melt up.

Sat, 11/12/2011 - 17:31 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

By Wednesday we'll have 1.45 €/$

Sat, 11/12/2011 - 18:06 | Link to Comment Ragnar24
Ragnar24's picture

This the first ACTUAL event and not a rumor/lie. Markets will selloff simply because it's been so long since they've experienced a real news event.

My take is that this was discounted two weeks ago (and then some). In fact, I'd say markets have discounted a Vatican miracle.

Sat, 11/12/2011 - 16:59 | Link to Comment Karl Tashjian
Karl Tashjian's picture

Funny how the iTalians are so happy about replacing one government goon with another but, no one seems to be talking about the new austerity mesasures.

 

I give it two weeks before Rome starts to look like Totenham circa 6/9/11.

Sat, 11/12/2011 - 17:06 | Link to Comment Long-John-Silver
Long-John-Silver's picture

This will not stop Italy splitting into two countries. As a matter of fact it may speed up the process.

The same thing is coming to Amerika. We will split up the states as did the old Soviet union.

Stock up NOW on Beans, Bullets, and Bullion, Bitchez.

Sat, 11/12/2011 - 17:14 | Link to Comment Outlaw Of The W...
Outlaw Of The Wasteland's picture

http://www.resist.com/CWII.pdf

I want NOTHING to do with blacks and jews.  I won't be robbed by them.  And I will not subsidize them which is the equivalent of subsidizing my own demise.  I hate them more and more everyday as I aim to ebb their negative influence in my life as much as possible.

 

Sat, 11/12/2011 - 18:05 | Link to Comment gibbersome
gibbersome's picture

Please leave America, we don't want your kind here. (Your kind being mindless bigots)

Sat, 11/12/2011 - 18:22 | Link to Comment trav7777
trav7777's picture

fuck you, YOU leave.  Go live with blacks in Africa, seein as you love them so much.

You have no idea how mindfucked you are, do you?

Sat, 11/12/2011 - 19:28 | Link to Comment bob_dabolina
bob_dabolina's picture

You racist piece of shit

Why don't you go back and tend to your racist colony.

Sun, 11/13/2011 - 01:26 | Link to Comment Max Fischer
Max Fischer's picture

 

 

 

trav

Can you tell me specifically why you hate black people so much?

Max Fischer, Civis Mundi

Sun, 11/13/2011 - 02:41 | Link to Comment DaveyJones
DaveyJones's picture

be fair - he hates jews and other ethnic groups just as much. History is replete sadly, with folks who, for one reason or another, need to place all of society's plus their own problems at a select number of doorsteps. Some call it stupidity, some call it racism, others think its a smorGASboard of psychological shorts.     

Sat, 11/12/2011 - 18:36 | Link to Comment Long-John-Silver
Long-John-Silver's picture

The coming break up has nothing to do with blacks and Jews. It's the economics and culture. The progressives in both the democrat and republican parties have divided this nation. One prime example is the fallacy of separation of Church and State in the Constitution. It's not and never has been in it. That alone has set in motion many other fallacy’s such as Abortion being a right in the Constitution as well. The Constitution is no longer being followed and even the Supreme Court who's sole function is to protect it and see that it's followed no longer does it's job. Too many that now sit on that court no longer have any respect for it at all and see themselves as the final arbitrators of of laws created by oligarchs. As for a blood letting Civil War after the break up begins, that will never happen. The North East and West Coast would just as well see the South and Mid West go their own way and good riddance to them. They are nothing more than stumbling blocks on the way to their dreams of a Socialist Utopia.  

Sat, 11/12/2011 - 18:52 | Link to Comment Paladin en passant
Paladin en passant's picture

Offering rational thought to a crank is like offering the keys to a Ferrari to a four-year-old blind kid.

Sat, 11/12/2011 - 18:58 | Link to Comment High Plains Drifter
High Plains Drifter's picture

who owns the fed?  a bunch of old wascally wasps?  

Sat, 11/12/2011 - 20:30 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

"The coming break up has nothing to do with blacks and Jews."

Did this guy's account just get compromised by MillionDollarBonus?

Sat, 11/12/2011 - 22:44 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

LJS = lunatic fringe

Sat, 11/12/2011 - 18:40 | Link to Comment Loose Caboose
Loose Caboose's picture

You are entitled to your opinion Outlaw and I would only take issue with you about the blacks.  When you look at history and the faces of the elite families and their sycophants, the faces of the banksters, the military industrial complex, the NWO - all white as far as the eye can see.  This is who you are really subsidizing. 

Peace.

Sat, 11/12/2011 - 18:58 | Link to Comment High Plains Drifter
High Plains Drifter's picture

what does it mean to be white?

Sat, 11/12/2011 - 19:36 | Link to Comment scratch_en_sniff
scratch_en_sniff's picture

Hate the sin, not the sinner.

Sat, 11/12/2011 - 20:14 | Link to Comment frenchie
frenchie's picture

but it is the sinner who commits the sin...

or stating in other words: committing the sin makes you a sinner

Sat, 11/12/2011 - 20:20 | Link to Comment High Plains Drifter
High Plains Drifter's picture

the only people i hate are crooked politicians....

Sat, 11/12/2011 - 20:49 | Link to Comment grey7beard
grey7beard's picture

>> what does it mean to be white?

For me it's been skin cancer and a latter life of seeking out the shade.  Early in my career doors opened pretty easy for me.  Getting white pussy was the norn.  I wouldn't really want to find out where I'd be right now if I hadn't been.

 

 

Sat, 11/12/2011 - 19:48 | Link to Comment kreso
kreso's picture

Dear Sir,,

At least one is black, or at least, shall we say mulat?

Kind Regards,

Sat, 11/12/2011 - 20:13 | Link to Comment frenchie
frenchie's picture

sad...

get informed !

these were / are not white but jews-masons...

Sat, 11/12/2011 - 20:23 | Link to Comment High Plains Drifter
High Plains Drifter's picture

when the new world order kicks into high gear, then one will see who is white etc etc...........believe me. when they have complete control, it will be like the ukraine during ww2 all over again.  when in doubt , read the book, "200 years together"  which is mostly available on the web thanks to translators who have worked tirelessly to get this changed over to english........

Sat, 11/12/2011 - 19:23 | Link to Comment Dasa Slooofoot
Dasa Slooofoot's picture

 

Prof. MacDonald claims that one of the most consistent ways in which Jews have advanced their interests has been to promote pluralism and diversity -- but only for others. Ever since the 19th century, they have led movements that tried to discredit the traditional foundations of gentile society: patriotism, racial loyalty, the Christian basis for morality, social homogeneity, and sexual restraint. At the same time, within their own communities, and with regard to the state of Israel, they have often supported the very institutions they attack in gentile society. 

 

http://www.csulb.edu/~kmacd/review-AR.html

 

Sat, 11/12/2011 - 20:03 | Link to Comment scratch_en_sniff
scratch_en_sniff's picture

Twat.

Sat, 11/12/2011 - 20:22 | Link to Comment 4horse
4horse's picture

divide et regere

and as is increasingly seen even here, Z, will end with them yet again reigning . . .

 

on the just and unjust alike

 

FEAR when they again lay the race bait

already taken

Sat, 11/12/2011 - 20:36 | Link to Comment kreso
kreso's picture

Dear Sir,

Please leave Bob Marley out of it.

Kind Regards,

Sat, 11/12/2011 - 20:56 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

Hello Dasa Slooofoot. Did you have a chance to read America Vanquished, America under Jewish Rule? If so what is your opinion on this expose.

http://www.darkmoon.me/2011/america-vanquished-part-1-america-as-an-isra...

Sat, 11/12/2011 - 20:39 | Link to Comment delacroix
delacroix's picture

quit hating them, that should ebb the influence.

Sun, 11/13/2011 - 00:04 | Link to Comment yabyum
yabyum's picture

@liberal sodomy, I love it that your back! You set the baseline for stupid.

Sun, 11/13/2011 - 14:09 | Link to Comment Loose Caboose
Loose Caboose's picture

@yabyum.  It should be "I love it that you're back!"

Anyway, I'm not back because I didn't go anywhere.  Been right here all the time.  So your enthusiasm for my "return" is misplaced.

As for the rest .... sticks and stones, man, sticks and stones.....

Sat, 11/12/2011 - 17:01 | Link to Comment yabyum
yabyum's picture

He looks sad or is getting sum oral bunga.

Sat, 11/12/2011 - 17:02 | Link to Comment FoieGras
FoieGras's picture

Next in line: Sarkozy.

Sat, 11/12/2011 - 17:03 | Link to Comment stateside
stateside's picture

Now maybe the attention can be turned back to the US debt crisis where the 2 six-packs currently meeting are trying to hold off another US debt downgrade.  Deadline is November 23rd.

 

stateside

Sat, 11/12/2011 - 17:08 | Link to Comment Long-John-Silver
Long-John-Silver's picture

The Democrat six-pack walked out revealing the hoax for what it is/was. 

Sat, 11/12/2011 - 17:06 | Link to Comment Kinskian
Kinskian's picture

Americans often laugh at the political instability of the Italians, but as it turns out, stability is the American system's greatest flaw. Ciao Silvio.

Sat, 11/12/2011 - 17:11 | Link to Comment sabra1
sabra1's picture

i guess if these eye-tally-onions google translated ZH, they wouldn't be so happy! 

Sat, 11/12/2011 - 17:09 | Link to Comment Outlaw Of The W...
Outlaw Of The Wasteland's picture

who is the next jew puppet viceroy of the formerly italian sector?

Sat, 11/12/2011 - 18:30 | Link to Comment High Plains Drifter
High Plains Drifter's picture

but but but, gee outlaw, according to some around here, its those wascally jesuits and the wascally catholic church that causing all of the problems in the world...........

Sat, 11/12/2011 - 17:10 | Link to Comment FLUSA.com
FLUSA.com's picture

When has the world seen so many "leaders" killed, overthrown, resign, or whatever in such a short period of time???  Really? Im guessing WWII but I don't know.....

Sat, 11/12/2011 - 17:13 | Link to Comment sabra1
sabra1's picture

never! the soon to be in hell oldidorks are fast forwarding the timeline, 'cause the world is waking up to their master plan!

Sat, 11/12/2011 - 17:20 | Link to Comment FLUSA.com
FLUSA.com's picture

...this internet thing is a real pain in their ass....

Sat, 11/12/2011 - 19:04 | Link to Comment Michael
Michael's picture

I would tell you how we're pulling this off, but your current level of comprehension can't handle it.

Sat, 11/12/2011 - 17:11 | Link to Comment Lord Welligton
Lord Welligton's picture

With the next election not due until 2013, a technocrat government could have about 18 months to pass painful economic reforms but will need to secure the backing of a majority in parliament and could fall before then.

So, democracy has been suspended in Greece and Italy.

Wonder who's next.

Sat, 11/12/2011 - 17:23 | Link to Comment cossack55
cossack55's picture

At least it is only suspended there. It is dead and buried in the good ole uSSa.

Sat, 11/12/2011 - 17:30 | Link to Comment Atomizer
Atomizer's picture

When the loosely worded term democracy is suspended, it generally means Despotism

http://www.youtube.com/watch?v=1Ayxot9vQ_k

Sat, 11/12/2011 - 17:35 | Link to Comment Lord Welligton
Lord Welligton's picture

Quite.

You can have democracy as long as it provides what they want.

Sat, 11/12/2011 - 18:21 | Link to Comment A Man without Q...
A Man without Qualities's picture

"So, democracy has been suspended in Greece and Italy."

It gets worse - rumours the ECB is going to increase size of the SMP, AFTER Silvio is gone.  So the ECB is in the business of regime change!  

I think they will try to spread rumours of yield targeting as well, which is total lunacy.  The problem is that the voluntary restructuring in Greece was only private sector, so for the same debt reduction, the more the ECB takes, the higher the haircut for private sector.  If the market thinks the reforms won't work (and I very much doubt they will), they will be anxious to get out early.

Sat, 11/12/2011 - 17:14 | Link to Comment PhattyBuoy
PhattyBuoy's picture

Social and political chaos derived from economic chaos.

With no end in sight ....

Sat, 11/12/2011 - 17:23 | Link to Comment Atomizer
Atomizer's picture

Silvio Berlusconi, how does it feel to be a washed up progressive failure? Bet you put on your best poker face and continue to sell the failed agenda. LOL..

Sat, 11/12/2011 - 20:29 | Link to Comment High Plains Drifter
High Plains Drifter's picture

how does he feel?  he is loaded with cash, that is how he feels......now he will be consultant inbetween dates with whores........

Sat, 11/12/2011 - 20:49 | Link to Comment AssFire
Sat, 11/12/2011 - 17:23 | Link to Comment The Swedish Chef
The Swedish Chef's picture

Only petty cash, huh? A Goldman-Sachs employee as president, huh? 

 

And ya´ll laughed at Alex Jones....

Sat, 11/12/2011 - 17:24 | Link to Comment transaccountin
transaccountin's picture

up 40 es handles monday /sarc

Sat, 11/12/2011 - 17:27 | Link to Comment spinone
spinone's picture

after the titanic hit the iceberg, did it matter who the captian was?

Sat, 11/12/2011 - 17:45 | Link to Comment Mike2756
Sun, 11/13/2011 - 03:55 | Link to Comment Use of Weapons
Use of Weapons's picture

http://en.vedur.is/earthquakes-and-volcanism/earthquakes/myrdalsjokull/

Green stars means >3.0, the first time it has happened this year.

Sláinte

Sat, 11/12/2011 - 21:15 | Link to Comment surf0766
surf0766's picture

Nice ! There are still only 2 options. Print or default. Both lead to a higher dollar until they realize we are just as bad.

Sat, 11/12/2011 - 17:30 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Deflation bitchez.

Sat, 11/12/2011 - 17:33 | Link to Comment max2205
max2205's picture

Honeymoon half life please

Sat, 11/12/2011 - 17:37 | Link to Comment Dr. Engali
Dr. Engali's picture

The NWO is moving fast. It won't be long until they have all their sock puppets in place. 5 years ago I would never have believed this. It's unbelievable to see it coming together.

Sat, 11/12/2011 - 17:52 | Link to Comment css1971
css1971's picture

From wikipedia;

Monti is the first chairman of Bruegel, a European think tank founded in 2005, and he is European Chairman of the Trilateral Commission, a think tank founded in 1973 by David Rockefeller.[4] He is also a leading member of the Bilderberg Group[5].

 

Basically we're talking about a world coup. I think i'll go look up bunker manufacturers.

Sat, 11/12/2011 - 18:24 | Link to Comment trav7777
trav7777's picture

austerity for you, pay that jew confetti back

Sun, 11/13/2011 - 05:07 | Link to Comment Max Fischer
Max Fischer's picture

 

 

Every time I click on a new thread or new page, there you are with more racist and bigoted crap. 

Fiat money was invented by the Chinese around the 11th century by the Song and Yuan dynastys. The pioneers of fractional reserve banking were the Swedes (Stockhoms Banco 1657 which was the precursor to the central bank of Sweden, Sveriges Riksbank). While this bank was originally headed by a Jew (Johan Palmstruch), it was bankrolled entirely by the state with 50% of its profits rolling back to the royal exchequer. Damn Nordic thieves!  Lastly, it was the Christians who pushed the Jews into banking.

Max Fischer, Civis Mundi 

 

 

Sat, 11/12/2011 - 17:55 | Link to Comment surf0766
surf0766's picture

Spring 2012 will be their final push. I think it is make or break for them before the masses figure they have been used.

Sat, 11/12/2011 - 22:42 | Link to Comment Incubus
Incubus's picture

A prole population of about 500,000: nice and manageable.   Too bad 6.5 billion of us have gotta die. 

 

Maybe they'll make a bone bridge to span the atlantic or pacific with all those dead? 

Sat, 11/12/2011 - 23:43 | Link to Comment Dr. Engali
Dr. Engali's picture

Won't be any bones left to make a bridge.

Sun, 11/13/2011 - 00:32 | Link to Comment Incubus
Incubus's picture

err  I suck at math. Just realized my mistake.

Sat, 11/12/2011 - 17:41 | Link to Comment High Plains Drifter
High Plains Drifter's picture

is this a italian spring?  

Sat, 11/12/2011 - 17:47 | Link to Comment CapitalistRock
CapitalistRock's picture

Smart man. He stepped out of the way of an oncoming avalanche. There's no way they can roll over debt unless the ECB prints and bids.

Sat, 11/12/2011 - 17:59 | Link to Comment djsmps
djsmps's picture

Since he was the sole cause of Italy's financial crisis, I would expect nothing but good news now. Rally to the end of the year!

Sat, 11/12/2011 - 18:01 | Link to Comment Alex Kintner
Alex Kintner's picture

Alrigtht, who stole the pennies off his eyes? Freakin wize guys. A few more shots of Bushmills and you'll be dancing with the corpse.

Sat, 11/12/2011 - 18:03 | Link to Comment RobotTrader
RobotTrader's picture

It is official.

The crisis is over.

Anyone short Italian bonds is going to need some Vaseline on Monday.

This is the beginning of the "reforms" in Europe.  All other countries will now have to fall in line with the Plutocrats at the ECB, ESF, The Fed, etc.

I knew these guys were not stupid.  Something was going to be done, sooner or later.

Sat, 11/12/2011 - 18:09 | Link to Comment Nate H
Nate H's picture

wha?

I assume you are kidding. This does nothing to the 'crisis', which is the fundamental drivers of growth for past 40 years, cheap energy and cheap credit, are gone.

Austerity now, worse austerity later, or currency collapse - take your pick.

Sat, 11/12/2011 - 18:10 | Link to Comment css1971
css1971's picture

It was over October 4th. You of all people should know that.

Sat, 11/12/2011 - 18:59 | Link to Comment RobotTrader
RobotTrader's picture

Exactly.

That V-bottom was a classic.

That reversal was much stronger than anything I ever saw in 2003 or 2009.

Somebody big was buying, you knew "the fix was in".

Funny thing is that we went up so fast, most guys stayed on the sidelines watching.

Now they know they totally missed it, and will be forced to chase the market at much higher prices.

Sat, 11/12/2011 - 18:27 | Link to Comment A Man without Q...
A Man without Qualities's picture

Yes, it's all fixed - €1.8 trillion of debt is covered by €5 billion per year of asset sales and raising retirement age to 67 by 2026.  I remember when the Italians got rid of Berlusconi last time and brought in the technocratic Prodi (and EU stooge) and nothing happened.  Monti is being set up to fail, Italian politics CANNOT change quickly enough to fix this.

Sat, 11/12/2011 - 18:56 | Link to Comment High Plains Drifter
High Plains Drifter's picture

i have heard that word  "technocrat" being bandied about  nowadays.  

Sat, 11/12/2011 - 20:20 | Link to Comment Everybodys All ...
Everybodys All American's picture

technocrat ... banker shill.

Sun, 11/13/2011 - 03:10 | Link to Comment css1971
css1971's picture

There will be no market problems for italy. See that 250 billion they have to roll? TPTB will bid it all.

You just witnessed a modern coup. First America, then Europe; Greece, Italy and I assume Sarkozy is next.

Sat, 11/12/2011 - 18:05 | Link to Comment Atomizer
Atomizer's picture

Once again, driving hard and fast can cause an accident.

The primary function of government is to pretend to? fail in order to succeed

 

Lastly, the serfs are to beg for acceptance on new global government reform acts. snickers.

Sat, 11/12/2011 - 18:09 | Link to Comment Slow-choke-off
Slow-choke-off's picture

The cold fusion era has arrived.

Guess what happened on 11/11/11?

A. Rossi launches the Leonardo Corp. E-Cat products web site.

We will soon see where this world is going.

http://www.leonardo-ecat.com/fp/Products/5kW_Heater/index.html

Sat, 11/12/2011 - 18:26 | Link to Comment trav7777
trav7777's picture

be nice if it were true

Sun, 11/13/2011 - 10:21 | Link to Comment Bob
Sat, 11/12/2011 - 19:03 | Link to Comment Ag1761
Ag1761's picture

I bet the first one of these sold is adapted to take out half a city.

Sat, 11/12/2011 - 21:19 | Link to Comment WeekendAtBernankes
WeekendAtBernankes's picture

TGTBT.  If you're actually selling a functional $2M cold-fusion powerplant you don't go live with a 1998 Geocities site.

Sat, 11/12/2011 - 22:31 | Link to Comment technovelist
technovelist's picture

Who cares about cold fusion? They have time travel!

"4184 visits since November 20, 2011"

Sat, 11/12/2011 - 22:39 | Link to Comment Hohum
Hohum's picture

Well, it's not available until at least 2013 and we don't know the price (strange, since it's energy requirements are near zero).  But there's a website!

Sat, 11/12/2011 - 22:40 | Link to Comment Hohum
Hohum's picture

Well, it's not available until at least 2013 and we don't know the price (strange, since it's energy requirements are near zero).  But there's a website!

Sun, 11/13/2011 - 10:19 | Link to Comment Bob
Bob's picture

Don't celebrate cold fusion just yet.  Here's what one of the most informed user blogs on the web has made of it over the past 8 months (setting a new comment record in the process):

http://theeestory.com/topics/8245

In addition to the very strong technological doubts, there's Rossi's history as a convicted scammer. 

Sat, 11/12/2011 - 18:15 | Link to Comment earleflorida
earleflorida's picture

"and so, - "The Sword of *Damocles  (*Troika)" has claim not one, but two,  from its 'double-edge' in  silent parochial disbelief,... as "**Dionysius (**PTB)" walks through the shadows of Greece, and Rome,... with eyes focusing upon a slash, and burn - 'Spanish Inquisition',... I dare not  say - have we not learned anything  from history?"

Sat, 11/12/2011 - 18:17 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

I wonder what Burlisconi made on the Euro before he pulled the trigger?  Long or short?   I'm going log the Euro, 100 pip trailing stop with 250 pip take profit. 

Sat, 11/12/2011 - 18:41 | Link to Comment vegas
vegas's picture

LMAO looking at the pic of Silvio B.

Looks like he realizes he doesn't have enough cash on him to get a hooker for the night.

"Ehhhhhh, would you take a check?"

 

 

http://vegasxau.blogspot.com

Sat, 11/12/2011 - 18:44 | Link to Comment Diet Coke and F...
Diet Coke and Floozies's picture

Changes nothing.

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