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Slovakia On Why It Votes "No" To EFSF Expansion: "The Greatest Threat To The Euro Is The Bailout Fund Itself"
Yesterday we reported that tiny Slovakia's refusal to ratify the expansion of the EFSF 2.0 (even though a 4.0 version will be required this week after the "Dexia-event"), may throw the Eurozone into a tailspin as all 17 countries have to agree to agree to kick the can down the road: even one defector kills the entire Swiss Watch plan. Yet an interview conducted between German Spiegel and Slovakia party head Richard Sulik confirms that tiny does not mean irrelevant, and certainly not stupid. In fact, just the opposite: his words are precisely what the heads ot the bigger and far less credible countries should be saying. Alas they are not. Which is precisely why the euro is doomed.
From Spiegel:
Only two countries, Malta and Slovakia, have yet to ratify the expansion of the euro bailout fund. Its fate may be in the hands of a minor Slovak party headed by Richard Sulik. In an interview, the politician explains why he hopes the fund will fail and what he sees as the only way to save the euro.
SPIEGEL ONLINE: Mr. Sulik, do you want to go down in European Union history as the man who destroyed the euro?
Richard Sulik : No. Where did you get that idea?
SPIEGEL ONLINE: Slovakia has yet to approve the expansion of the euro backstop fund, the European Financial Stability Facility (EFSF), because your Freedom and Solidarity (SaS) party is blocking the reform. If a majority of Slovak parliamentarians don't support the EFSF expansion, it could ultimately mean the end of the common currency.
Sulik: The opposite is actually the case. The greatest threat to the euro is the bailout fund itself.
SPIEGEL ONLINE: How so?
Sulik: It's an attempt to use fresh debt to solve the debt crisis. That will never work. But, for me, the main issue is protecting the money of Slovak taxpayers. We're supposed to contribute the largest share of the bailout fund measured in terms of economic strength. That's unacceptable.
SPIEGEL ONLINE: That sounds almost nationalist. But, at the same time, you've had what might be considered an ideal European career. When you were 12, you came to Germany and attended school and university here. After the Cold War ended, you returned home to help build up your homeland. Do you care nothing about European solidarity?
Sulik: If we now choose to follow our own path, the solidarity of the others will also crumble. And that would be for the best. Once that happens, we would finally stop with all this debt nonsense. Continuously taking on more debts hurts the euro. Every country has to help itself. That's very easy; one just has to make it happen.
SPIEGEL ONLINE: Slovakia's parliament is scheduled to vote on the bailout fund expansion on Oct. 11. How do you predict the vote will turn out?
Sulik: It's still open. The ruling coalition is composed of four parties. My party will vote "no"; the other three coalition parties intend to say "yes." What the opposition says is decisive.
SPIEGEL ONLINE: The Social Democrats have offered your coalition partners to support the reform in return for new elections. Do you think the coalition is in danger of collapse?
Sulik: I don't see any reason why it would.
SPIEGEL ONLINE: What will you do should the EFSF reform pass despite your opposition?
Sulik: For Slovakia, it would be best not to join the bailout fund. Our membership in the euro zone, after all, was not conditional on us becoming members of strange associations like the EFSF, which damage the currency.
SPIEGEL ONLINE: If the euro only causes problems, why doesn't Slovakia's government just pull the country out of the euro zone?
Sulik: I don't see the euro as the problem. It's a good project. Everyone involved can benefit from it -- but only if they stick to the ground rules. And that's exactly what we're demanding.
SPIEGEL ONLINE: Which ground rules should we be following?
Sulik: We have to observe three points: First, we have to strictly adhere to the existing rules, such as not being liable for others' debts, just as it's spelled out in Article 125 of the Lisbon Treaty. Second, we have to let Greece go bankrupt and have the banks involved in the debt-restructuring. The creditors will have to relinquish 50 to perhaps 70 percent of their claims. So far, the agreements on that have been a joke. Third, we have to be adamant about cost-cutting and manage budgets in a responsible way.
SPIEGEL ONLINE: Many experts fear that a conflagration would break out across Europe should Greece go bankrupt and that the crisis will spill over into other countries, including Portugal, Spain and Italy.
Sulik: Politicians can't allow themselves to be pressured by the financial markets. Just because equity prices fall and the euro loses value against the dollar is no reason for giving in to panic.
SPIEGEL ONLINE: But do you really believe that politicians can calm the financial markets by stubbornly sticking to their principles?
Sulik: Let's just ignore the markets. It's ridiculous how politicians orient themselves based on whether stock prices rise or fall a few percentage points.
SPIEGEL ONLINE: You're not afraid that a Greek insolvency could mark the beginning of the crisis instead of the end?
Sulik: No. There's not going to be a domino effect along the lines of "first Greece, then Portugal and finally Italy." Just because one country goes broke doesn't mean the other ones automatically will.
SPIEGEL ONLINE: Nevertheless, banks could run into significant problems should they be forced to write down billions in sovereign bond holdings.
Sulik: So what? They took on too much risk. That one might go broke as a consequence of bad decisions is just part of the market economy. Of course, states have to protect the savings of their populations. But that's much cheaper than bailing banks out. And that, in turn, is much cheaper than bailing entire states out.
SPIEGEL ONLINE: Does one of your reasons for not wanting to help Greece have to do with the fact that Slovakia itself is one of the poorest countries in the EU?
Sulík: A few years back, we survived an economic crisis. With great effort and tough reforms, we put it behind us. Today, Slovakia has the lowest average salaries in the euro zone. How am I supposed to explain to people that they are going to have to pay a higher value-added tax (VAT) so that Greeks can get pensions three times as high as the ones in Slovakia?
SPIEGEL ONLINE: What can the Greeks learn from the reforms carried out in Slovakia?
Sulik: They have to make cuts in the state apparatus. The Slovaks could also give them a few good ideas about the tax system. We have a flat tax when it comes to income taxes. Our tax system is simple and clear.
SPIEGEL ONLINE: One last time: Do you honestly believe the euro has any future at all?
Sulík: I believe the euro has a future. But only if the rules are followed.
Interview conducted by Maria Marquart
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Splendid
A shining example of good old 'common sense.' Obey the agreed to rules.
I love his comment about banks going bankrupt, short and sweet; "So what?"
ZH is correct. Its what the other political leaders should be saying, but aren't.
Richard Sulik is a ray of hope that speaks the truth, but is voice in the wilderness.
"banks could run into significant problems should they be forced to write down billions in sovereign bond holdings."
and you might as well add
"and that would throw into question the wisdom if the enormous bailouts in the United States."
Sulik: So what?
S O W H A T I N D E E D !!!!!!
This guy just made my hero list.
As if theres great confidence and stamp of success on the bailouts in the US? Its a known failure by all.
Sheezus, well said. What a breath of fresh air.
Can the US 'hire' him to run the country?
and the reality is, the reason why they keep going in circles is because they are waiting on somebody to make the fatal mistake of bringing in outside money to the party so they can dump their garbage, grab the cash and move on.
so they wait and stall and maybe Quivering Ben and Tax Cheater Tim will bring some freshly printed American Green to save the day.
Storm in a teacup. The Slovak gov will search and find support from the opposition. EFSF agreed, end eurocrisis. Next: Malta. Peanuts. Rally!
German terms -- Linke (Leftists) Undeutsche un-Germans, Rotfaschisten red fascists, Humanisten humanists, Sozis socialists, Autonome autonomists, independents, Anarchos anarchists, Zecken ticks, blood-suckers
To hollowly go, where no keyword-based propaganda has gone before.
And here come's the Maltese Falcon:
http://www.youtube.com/watch?v=yRSCV2qc2IY&feature=player_detailpage
It appears negotiations have broken down. Is there a European Humphrey Bogart to "set this boondoggle straight"? Hmmm. Let's watch and see.
Germany/France reach agreement! We are saved!
http://news.yahoo.com/merkel-sarkozy-reach-agreement-bank-sector-1616469...
Really? Tell me what they agreed to? Who's paying whom?! With what? From where? What a joke Yahoo is!
The story was reported through AP, so don't blame yahoo.
Sarkozy said it was "not the moment" to go into the agreement's details but said that the French-German accord "is total."
Dow futures will probably be up 500 points later tonight.
WOW theyve agreed to transfer the IOU from front pocket to back pocket again!
Once again liberty may be “in the hands of a minor” player – but a giant among men, Richard Sulik of Slovakia’s Freedom and Solidarity party.
Another man who stood in solidarity with his countrymen and freedom is being honored November 15 in San Francisco – Lech Walesa whose Solidarity movement won the election in Poland and Walesa became the president of a new Poland, “reinvigorated by political freedom, economic competition, and security for private property.”
Those are the words of The Independent Institute that will honor Walesa, along with Mario Vargas Llosa and Robert Higgs with its Alexis de Tocqueville Award in A Gala for Liberty event.
Writes The Independent:
"In speaking of the fall of communism during the late 1980s and early ‘90s, few names resonate with the same force as that of Lech Walesa. In 1981, as Polish government troops turned their water cannons and truncheons upon protestors in the port city of Gdansk, Walesa and several others rallied workers across Poland against a tyrannical and oppressive government. The new labor union they formed, named Solidarity and headed by Walesa, engaged in a prolonged and bitter dispute with the communist dictatorship.”
Thousands were jailed and hundreds more were killed in years to come. Walesa became a beacon of liberty for ordinary people throughout the Soviet bloc.
In June of 1989 the protests and strikes finally paid off and in the first quasi-free election in Poland in over seventy years, the Solidarity movement won in a landslide victory and, in 1990, Walesa became the president of Poland.
Says TII: “Walesa fought on the world stage during a momentous time, an era when many predicted the fall of emerging free societies in favor of suppressive communist regimes. But Lech Walesa, an electrician from a humble background, showed that as long as people stood together to resist oppression, their aspirations to live in freedom and dignity could be realized.”
Is nothing less at stake now in Europe?
Does he hear the sounds of the horses of history neighing from afar? Or will it take more than a bribe of fine distilled spirits and Greek pussy?
What the globalists fail to understand is that homo sapiens is ultimately a tribal creature. People will vote for their own tribes, look out for their own self interests, not those of the so-called bondholder tribe whom they do not understand or relate to. It's meltdown time, bitchez !
next two week!!! watch out below!!!
Yeah, this is really amazing. He spoke out bluntly what Angela Merkel thinks but dares not to say.
He should be the Nobel Prize winner for economics 2011 for his logical explanations.
Go, Slovakia , Go.
Come on, this peon is just playing tough for his own little piss-ant interest. This drama is irrelevant. A way around this will be created.
unfortunately i agree with you. he will be marginalized, bought out and overwhelmed by greater socialist forces who will march forward until this thing implodes right underneath them.
noboy there is ready, willing or able to face the news that they and their banks are totally broke. they believe they can pull a rabbit out of the hat with china, qatar, ben & tim, whoever. they cannot let it happen and will go down with the ship fighting to keep it afloat unless they can find a sucker.
"they cannot let it happen and will go down with the ship fighting to keep it afloat ..."
Don't give up the (blub)!
Yea and although everyone is bankrupt, everything will just be OK and re-fixed day after day and no one will ever have to face a haircut ever, Im sure.
Whoever was conducting the interview sounds like the media in the US: Brainwashed and completely agenda-driven. The argument started with a false presumption- that Slovakia wants to destroy the Euro. What kind of idiot thinks that there is only one option to fix a problem at any given time- let alone exacerbate the problem as the rest of the Eurozone wants to do? Ridiculous.
what this interview does for me is bring into very sharp relief the sad circus that is politics here in the US. we will never hear such plain, common sense speak from the sociopaths and liars that inhabit DC, especially those at the top of the two party dictatorship. Some similar voices may may exist in Washington but those, as always, are minimized, ignored or whenever possible, twisted to fit the needs of the PTB's. of course that which the machine can not corrupt it will eventually destroy by any means necessary, up to and including assassinations, either character or psychical.
good for the people of Slovakia to have such a voice
how damning for us that we do not...
Spiegeils interviewer asked some pretty disgusting questions. "You don't support the Banker elite's scheme - Why do you hate Europe?"
Not only Der Spiegel. DIE ZEIT is the worst of all of them. They even had an article recently about why Krugman is the greatest economist of all time. And one of their blog writers, Schieritz, is like the Euro-Krugman - never seen so much propaganda in my whole life, almost frightening.
PY 129-20, I am a Taxpayer here in Germany. You are so right! The Press in Germany is absolutely disgusting. Thanks for picking up on it!
PY 129-20, I am a Taxpayer here in Germany. You are so right! The Press in Germany is absolutely disgusting. Thanks for picking up on it!
I'm not sure there is much "german" press left. Remember the press of let's say 1995? Since then, it got all globalized.
The press in Germany is just as controlled as it is here in the US, and here it is like reading Pravda every day in the main stream media - only what they are allowed to say to keep the Ponzi going.
Finally an honest man , I take my hat off.
Sulik better watch out. He might find himself 'Jorg Haidered' as his views are about as welcome to the Eurocrats as Haider's were
'Sulik: The opposite is actually the case. The greatest threat to the euro is the bailout fund itself.'
He is right. This Enronian leveraged EFSF will just postpone the inevitable.
Any plan now is just delaying the inevitable...for less and less time, now down to just a few days or hours.
Isn't Sulik just trying to sell Slovakia's co-operation ? He's wrapping it in high mindedness and principles ! The Slovakians have no business contributing to Greek profligacy ! They will vote yes if they get a special dispensation where they don't have to contribute and will receive a little Euro gravy for their carrot and goulash stew ! It's not that complicated ! Monedas 2011 Don't fret ! Freedom and wisdom are not breaking out just yet ! (Sark on)
Goulash is Hungarian. The Slovaks national dish is Halushki (dumplings and cabbage sauteed in butter). It is delicious.
Good lord who is this man and how soon can we clone him!?!....here of course so we avoid the not borne in the US thingy.
I thought they only cloned SHEEPLE
Refreshing perspetive, but will it actually stand the next 2 days in time? I hope so, but do believe they will get some behind the scenes concessions and vote yes on the 11th. I hope I am wrong.
I agree...I hope they save themselves...though it seems greed and the debt/slave model will probably win out in the end.
Sulik: Let's just ignore the markets. It's ridiculous how politicians orient themselves based on whether stock prices rise or fall a few percentage points.
Buy the man a bodyguard. Just in case.
Sulik seems to be the only intelligent politician left in Europe.... or at least he is the only one left over not being sponsored by the Mafia.
The Mafia will either sponsor him or kill him.
Mr. Sulik please watch out of what kind of "drops" they are going to put in your drinks and do not drive your own car.
http://www.youtube.com/watch?v=M1vN_1RIyn8
Where is Slovakia?
Sorry, I am a product (victim) of public school education.
Next time you talk about some tiny country in the middle fo nowhere please add a map.
Ok?
(sarcasm)
It's about two hundred miles northeast of Slovenia.
Slovenia? WTH...there is such a place?! Before you know it, you'll be telling me they made that Russian territory in the Far NW a State.
Unfortunately I fear they will pass it anyway. The EU cartel will simply buy off a few politicians to get the votes. It would be a great moment in history if David (the Slovakians)slew the Giant (EU bank cartel )before its too late.
The good news is that the credibility of the EU and the Euro is being destroyed in relatively short order, they are winning some battles but losing the war.
This guys a hero, period! Everybody is listening behind the grassy-knolls, knowing that his pragmatic thesis of just throwing more fuel on the fire just flames more austerity. Flash back - 2008 Bank Bailout did what for the plebeians?
It's called channel-stuffing the ultimate smuck's colon with an irrevocable metastasizing cancer, while the good doctor takes your widows possessions burying his mistakes, as the crematorium offers up solid gold urns with justice be done for his unfettered malfeasance!
If the United States "FRB" hadn't been so generous in lending these foreigners more money than they new what to do with, we'd probably be in less of a mess, but that's what you get with a communist organization taking control of your countries fiduciary responsibilities, in a enchanted demonic pastural forest place, within the confines of an island called Jekyll no less, leaving Mr. Hide forever in the shadows as the masters had master'd their coup`de`grace,...Bravo!
When Nixon's treasury secretary John Connolly took us off the "Gold Standard" in 1971, the fiat was born, and as since has literally destroyed our country and others. Quoting "Big Tall John",... ""It's Your Problem Now""!
PS. If, I owe you a $1,000 dollars it's my`problem,... right? But, if I owe you a $1,000,000 dollars it's your`problem now,... yes?
Thankyou Tyler
Fiat was invented about 24 hours after the first Gold certificates were issued.....it goes back a couple of hundred years or whenever ! Counterfeiting, bad bonds, stock scams, Mining stock fraud......liars, cheats and fraudsters are forever ! Redeemability or backing technically ended in 1971 but it had long been "fiat" accompli ! It was a non-event compared to the Income Tax, creation of the FRB, Gold Confiscation and 80 years of New Deal ! The Pubs don't get a pass.....but the "Permacrats" (Democrat/Socialist) are the Donkey in the living room ! Monedas 2011 Comedy Jihad Revisionist Review
even tho he is correct that this is a re-fi deal which will not, ultimately work, he may be willing to go along if he can get a better deal for his people other than the "eat me!" tax
his analysis = amazingly refreshing!
so what? = +++++
but:to "nationalize" bankster losses and keep all the jugglers' plates in the air with public funds is fine for politicians~~~just don't be unfair about it!
just a short while back, the MSM was asking german politicians this same question: "what if history/herstory sez you destroyed the (sob) EU?"
now: no sweat; the slovakians are gonna handle it
Slewie my " Right Guard " guy! It was handled, a long time ago.... Did you open an FX account yet? At leat you can trade { Dated calls?}
The Sulik interview will be "Ron Paul'ed" and placed on the last page of the Friday evening edition.
this man makes sense...congart..atleast one country know how the economy works
Der Spiegel has interviewed trichet, juncker, and berlesconi, etc.
The direct, blunt questions and answers are astonishing. This would never happen with the MSM and usa politicians.
We look like the politburo in comparison. Whatever happened to blunt, honest communication in USA politics?
The shit is getting real. Those motherfuckers need to start big warz as we speak.
Slovakia is almost the size of New York State. Not tiny at all.
One way or the other, the bankers will find a way to print. They will change whatever rules they have to change.
KILL USA! KILL DOLLAR ZONE! 50 states are simply too INCOMPATIBLE, not optimal zone.
How is that for some reverse psychology, Yanks....
No one said the US will come out of this smelling like roses. But as long as there's Sunday night football and dollar menu at McDonald's(soon to be the 2 dollar menu) no one here cares!
Yea, well except for those protestors out on Wall St and all over the rest of the country, but nevermind all that futures are open.
They call themselves the 99% but really they are the 1%. I live in NYC midtown and haven't noticed their presence AT ALL. Seriously. But guess what? Fifth ave i can barely get by. People shopping like its all free..... oh wait, it is free, at least until the CC bill comes in.
People are now just pretending like theyre shopping. Where do Zombies go when they rise from the grave? To what they know....the mall.
Let's get ready for some football!
http://www.youtube.com/watch?v=XsbK1TGTAqY
Yea I agree! Youre fucked in Europe, we're fucked in the US, only thing is they just refuse to admit it!
Here kitty, kitty. Come get your free bowl of milk
UKIP Nigel Farage in Croatia ,European Union membership debate , part 1- September 2011
Dynamite, Atomizer; this is the ultimate indictment of the unelected tyrants running Europe by giving politicians thousands of euros a month to deliver their homelands to the Internationalists. No country voluntarily joined this stalking horse for world government but was delivered by parliaments and legislators with their pockets stuffed with blood money.
Nigel quotes the crime chapter and verse!
Three simple rules to stop your country from being taken over and the people from being impoverished:
1) Never give up the right to print your own currency.
2) A rule book for the Banks. Fuck it...all the banks should be National entities from the start. (See North Dakota)
3) No fucking foreign Banks in your Country advising or otherwise.
Some smart observers argue the biggest trade of the century is to short China.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/8_Jim_Rickards_-_Whos_the_Sucker_at_the_Global_Gold_Poker_Table.html
http://marcfaberblog.blogspot.com/2011/10/real-threat-to-global-markets-is-china.html
Should I add more names to come with a groupthink?
Shorting China makes good common (and financial) sense as well as shorting their dependency Australia which relies about 80% (or more) on commodity exports to The Middle Kingdom. The Shanghai Daily online interviewed several realtors there who said condos are still rising at 12% a month....A MONTH!!!
True, "RE never drops" but there is always a possibility.
12% monthly price inflation? omg, it basically confirms the Chinese debt-to-GDP ratio has to be much higher than that of the US. This whole joke is not gonna end just in tears.
And US debt-GDP is already at 98%, and thats assuming the quite generous GDP calculation of $15 trillion which is highly optimistic to say the least.
Could be. There are hundreds if not thousands "small" scale (small scale would be quite a big scale in the US/EU) demonstrations every year, mostly in the countryside against local governments, local policies etc. It could all collapse very badly.
I'm an Australian. I argue with friends and family about the housing bubble all the time. They all say it is because there is not enough houses, limited stock. I can directly refute it but they continue. My Dad bought a house and got jacked. His equity declined in the order of 90k before he sold it. There is some inequality in wages in Australia because of the mining boom (China). To say Australia is dependant on China is an understatement. If China goes Australia is aboslutely fuckedcakes.
I didn't mean to dump on Sulik ! Slovakians are like our middle class victims of Obama....they play by the rules only to see the "Welfare Queens" get bailed out ! He has a right to balk and bargain ! Monedas 2011 Don't ever doubt the purity of my noble heart ! As a bonus, I write like a young Hemingway....when he was 8 years old ! (Sark on)
heard in the bowels of goldman suchs.....quick, somebody shoot him before too many people realize how much sense he makes.
the counterintuitive solution makes the best sense. neutering the banks will make the euro the soundest money in the world.
What's up BEAR, hell yeah
Sulik is spot on! Lets hope he sticks to his guns, and votes against this perversion!
Fav. quote,
Today, Slovakia has the lowest average salaries in the euro zone. How am I supposed to explain to people that they are going to have to pay a higher value-added tax (VAT) so that Greeks can get pensions three times as high as the ones in Slovakia?
Give that Sulik bloke a freakin medal.
Regards
Ozzy
Abandon hope all ye who say that the Euro hasn't a hope..
Sulik gets it. Hopefully Slovakia votes the EFSF down. Fuck the bloodsucking banksters AND the shiftless Greeks thinking that everyone else OWES them a free lunch.
For a debt problem the solution is simple. Ask this Sulik bloke. .....doesn't mean the solution is particularly pleasant though....
".....That sounds almost nationalist. .... Do you care nothing about European solidarity?"
Sulik: "If we now choose to follow our own path, the solidarity of the others will also crumble. And that would be for the best. Once that happens, we would finally stop with all this debt nonsense. Continuously taking on more debts hurts the euro. Every country has to help itself. That's very easy; one just has to make it happen."
I live in the US; I had no idea of the political leanings of Der Spiegel. After seeing this, it's obvious they are so pro-NWO it's disgusting. "That sounds almost nationalist": the NWO assholes want nothing to do with individual sovereignty. Their plan: they rule, we're the serfs; it doesn't matter where you're from. "Do you care nothing about European solidarity?" Why should Slovakia care about European solidarity? That's NWO code for: :"just bend over, take it up the ass.....and smile." The debt fools need to pay for their stupidity; why should Slovakia pay for Greek, Spanish, Italian, Portuguese or anybody else's mistakes? Sulik is right: they just want to steal Slovakian money, pay the fuckhead bankers and other debt-mongers off, and impoverish his own people. I applaud him. Hopefully, he'll stick to his guns. However, he's a politician.....generally if you throw whores and a large fiat account their way, they 'change their minds'. I hope Sulik proves me wrong......
The only real issue is war down the road in EU countries, if the Euro and EU construct deflates. That was the reason for its creation : not go back to WW2 climate of 1930s.
I don't know if the Greek bankruptcy means domino collapse of EU construct. That is beyond my apprehension, as WE DON'T KNOW HOW INCESTUOUS THE BANKS REALLY ARE....BUT AS THEY SAY IN A GOOD MURDER NOVEL...THE REALITY IS WORSE THAN THE WORSE CASE SCENARIO...So be prepared...in case Merkozy don't come up with magic formula.
There IS no magic formula.
Mathematics precludes this working.
The plan is delay, delay, delay and hope against hope for a miracle. Waiting long enough has always produced a miracle.
These folks do not yet realize that in the new normal, waiting long enough just provides more time for the next catastrophe.
When oil became scarce, so did miracles. It will never go back to what it was.
I was being sarcastic...
"And he said unto him, Oh my Lord, wherewith shall I save Israel? behold, my family is poor in Manasseh, and I am the least in my father's house."
German Government Malware Alert.
German ZeroHedgers might be interested in checking if their computers are infested with the Windows DLL c:\windows\system32\mfc42ul.dll and Windows Kernel Modul named winsys32.sys.
The two pieces of software were listed in the report published by the Chaos Computer Club detailing the spyware/malware used by German police and secret service to illegally obtain data, webcam pictures etc from German citizens/residents. This activity had already been explicitly restricted by the German supreme court, and the Government is in clear and deliberate breach of the law.
Here's the CCC Report (in German).
http://www.ccc.de/system/uploads/76/original/staatstrojaner-report23.pdf
The German FAZ has picked up the story and has even published and atypically frank attack by its otherwise unctuous editor Schirrmacher. (http://www.faz.net/aktuell/politik/staatstrojaner-code-ist-gesetz-114865...) Here it begins...
Ein amtlicher Trojaner Anatomie eines digitalen Ungeziefershttp://www.faz.net/aktuell/feuilleton/ein-amtlicher-trojaner-anatomie-ei...
System32 is a virus. Delete the whole thing.
Believe me, if I could, I would.
....to the Tyler(s): thank you for bringing to a global audience material that would otherwise never be read/seen. I work in a small private equity outfit based in Auckland New Zealand and this blog is compulsory each day reading by all here. Your sontribution to enlightenment/education is immense.
eur went bid.
Same ol' painting the tape game :
Gold in EUR down , EUR in USD up.
& I thought they don't trade for another hour .
http://www.xe.com
the machines start early.
The first politician that actually is somewhat coherent and actually understands the problem for what it is. It's a shame that others don't follow suit, but what do you expect from a total clusterfuck of idiots both in the EU and here.
My Dad is Slovak. Slovaks are tough and practical. Two thiings my Dad drilled intro me:
1. Never, ever, let anyone shit on you.
2. If there is going to be a fight, be damn sure to throw the first punch.
Both good advice I have found.
The Eurozone is going to continue to be a mess. However, the S&P500 seems to be looking higher for the medium term. http://bit.ly/p3iObq
I've come to chew bubblegum and kick ass;
And I'm all out of bubblegum.
Are you sure you're not coming to chew ass and step on bubblegum?
Der Spiegel: "That sounds almost nationalist."
Well, no shit. And you sir sound like a neutered, self-soiling NWO lapdog. Because nations are the last thing the NWO wants, and the NWO is your master. They eventually want us all in the same chicken shack.
DS: Neverthelss, banks could run into significant problems should they be forced to write down billions in sovereign bond holdings.
Sulik: So what? They took on too much risk.
Yes, indeed, SO WHAT. Eat your losses, go to prison, let the rest of us move on.
<----BINGO (give the bell a ring!)
<----I wouldn't be surprised to find out that Sulik was Vince Foster'd.
SPIEGEL ONLINE: Nevertheless, banks could run into significant problems should they be forced to write down billions in sovereign bond holdings.
Sulik: So what? They took on too much risk. That one might go broke as a consequence of bad decisions is just part of the market economy. Of course, states have to protect the savings of their populations. But that's much cheaper than bailing banks out. And that, in turn, is much cheaper than bailing entire states out.
That's the stuff accidental fatalities are made of...
The only thing going through my head about this guy is:
"You've got balls. I like balls."
If only more people in positions of perceived power had the desire to speak in such a frank manner.
What does that mean? Does it mean the opposition (i.e. Sulik's party) has effective veto power, or does it mean that Sulik's opposition (i.e. the other three parties who oppose him) will have the decisive vote?
My read on that is his party is in the ruling coalition(derived of 4 parties). His coalition will vote yes since his party is in the minority voting no. There is an opposition coalition that has to vote as well.
That's my comprehension from that statement, knowing nothing about Slovakian parliament.
RON PAUL for President 2012, He'll get us out of these wars! Stop a World War. Bring back our soldiers, they're suffering! He'll stop the central bankers from central plannning for a global neo-feudalism!
RON PAUL is THE REAL THING!
if you bring all US solders back to the US, the unemploment rate would be 25%.
Just let them kill a few more innocent foreign children so we can fill our US-cars with cheap gas.
The alternative is that you could bring them back and use them to guard the border between the US and Mexico to stop those pesky human and drug traffickers. With a total border length of just under 2000mi, you could have at least 10 people per mile (assuming 20,000 stationed in the Middle East) patrolling areas 1mi wide by say, 10mi deep. It'd be cheaper than running bases overseas, and personnel could see their families on the weekend.
I've seen and read so many strange things, that this really wouldn't be too far into the realm of crazy these days, and it would probably save the government at least a few billion which they could use to pay the interest on their debt.
Things are so fucked up today that when a leader goes on record saying something cogent and sensible and challenges the propagandist, jaws drop. Times are weird.
Gee, aren't ya glad ya shorted the EURO?
This crap is retarded. I've had enough of this eternal doom bullshit. A better set of analyst would be so much more perceptive. I'm ready to believe that ZH is mostly talking their book.
Getting sick of it.
i ahve lost somuch $$ listening to zh and all the other doom sites. Im done. they are losers.
Well maybe you lost so much money because of your dyslexia and bad attitude. Morons like you always try to put their loss on someone else. You're the loser.
I think the guy's an idiot. What he's saying is true, similar to dad telling his daughter how not to become pregnant. But when the daughter's already pregnant, this talk doesn't help much at all. We're all way beyond simple austerity measures fixing this mess. Austerity simply lights the fuse for massive social unrest by collapsing the bubbled, overindebted economy into a deflationary crash and burn. Creating more debt to fill pot holes won't fix the problems either, only extends the inevitable date of collapse. There's only one real solution, default; but do it in as covert a means as possible - like print 'till the cows come home or something more tricky. The days of simple solutions are long gone.
You are missing the obvious. The Slovakian politician cannot tell the Slovakian people that they need to pay more tax so Greeks can get 3X the pension they do.
It is very simple. One way gets you killed, the other, not. Nuance is not relevant here.
hmmmm, excellent point!
Apparently TPTB have not yet found the right people in Slovakia to threaten with bodily harm if they do not "play ball." Give it time.
Let's redact, after " IDIOTS RETRACT" ...
Too many American politicians are willing to shaft their citizens for global approval.
...the evidence is in, the corrupt evil bastards, that set the rules they broke, are lawless. Only a fool would continue to entertain the beast that is devouring them. The U.S. is corrupt, the EU is corrupt and the global market is corrupt. Why the hell would the people not rise up in every nation at this point. Oh yeah, that is happening. It's amazing, in the age of instant info, how in the wide world of sport can the lawless bastards walk the street still? Just the fact that these bastards still feel bold enough to put their next offer on the table is enough to provoke people to stop working and go on strike etc... until this shit ends. These jerks are obviously suicide market bombers that have targeted everyone, not only in Europe. We are all affected as a result of these asshole in the U.S. and the EU. They sold out labor to China and placed military force behind it in the oil fields of Babylon. They opened up the borders and now the poor suckers that thought they could find refuge from the evil bastrads in their own corrupt counties are now discovering they were used to sealed the door to their own prison and must stand up against the corruption they needed to stand up against in their own country. The whole market is one giant Cup of the Wine of Wrath, and the labor within that cup is about to kick the shit out of the drunk bastards but, the delusional screwballs are calling for the hair of the dog. Lol. ...Bitchez.
One of the most honest politicians in tis whole mess both in the EU and US. This guy knows exactly what is going on, and that is the banks and their supporters in govt. are trying to protect the banks from loses.
Wow, how refreshing. A tear almost came to my eye when I read this bit:
Why does your headline say Slovakia is voting "no" when they haven't voted yet and the person advocating "no" indicates the three other factions are going to vote "yes"? Do you actually pay attention to what you are saying or just write the headline based on what you want it to be?
It's amazing what a little clear truth telling can do to a delusion. -- Michael C. Ruppert
http://www.collapsenet.com/154.html
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