So Much Changes In Two Weeks

Tyler Durden's picture

"When it becomes serious, you have to lie", Jean-Claude Juncker

Mariano Rajoy from May 28, or 12 days ago: "No va a haber ningún rescate de la banca española." Or, more conveniently for the America-based readers: "There will be no rescue of Spanish banks." We have finally found the official Jean-Claude Juncker (and of course Tim Geithner) replacement.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sudden Debt's picture

I'll pay 20€ Extra with a IOU if you swallow

AldousHuxley's picture

so you are saying, "when it becomes serious, you have to swallow?"

 

then how serious does it need to get in order for you to take it up from behind like Americans are getting from banksters?

fightthepower's picture

Fuck you Bernanke, you make all of this possible!

financial apocalyptic contagion's picture

Fightthepower's thought process

I'l just say fuck you bernanke" in the 1st post so i get maximum green votes and i cant think of anything else atm coz im a retard

he's a faggot who types "1st" on facebook memes 

The Monkey's picture

One of the better known phrases, "Read my lips."

The result: George was elected, and it came back to bite.

fightthepower's picture

Aaah, someone who works for the Fed's PR team, how nice. When the collapse comes, you will be dragged naked through the streets and hung from a lamppost. At which time, I will rejoice.

jez's picture

You will rejoice by saying "Fuck you", I suppose?

putaipan's picture

consider me 'juncked'. up yours big red arrow.

 back 'across the border' timmy.

financial apocalyptic contagion's picture

I hate the Fed as much as anyone on the site

But don't go around like an attention-seeking whore that you are, posting the most stale comment of all

A lot of people do it, you were just made an example, now others will stop too

Olympia's picture

Global Debt Crisis

The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?

http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
---------------------------------
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...

Authored by PANAGIOTIS TRAIANOU

jonjon831983's picture

Quote of the year?

 

""When it becomes serious, you have to lie", Jean-Claude Juncker"

williambanzai7's picture

I believe it was last year, but m losing count.

jonjon831983's picture

Perhaps... but you forget it WAS this year because:

 

"When it becomes serious, you have to lie"

falak pema's picture

great twitter parody WB7, loved it. Cheats never prosper, except with IMF backing, and; that comes at an exorbitant price, only the privileged don't get to pay; not the peons--they pay bigtime for the rest of their lives!!

Cursive's picture

I'll vote it quote of the times (circa roughly 1983 to present).

Matt's picture

He didn't lie. what he meant was "There will be no bailout of Spanish banks today".

resurger's picture

then they will bail out Spain

TrainWreck1's picture

Tuco Benedicto Pacifico Juan Maria Ramirez Obama will bail them out from his stash.

Pure Evil's picture

The Gang Of Choom to the rescue once again.

zebra's picture

EU: "if you accept our bailout, then your dirty little secret is safe with us."

 

Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

'Or, more conveniently for the America-based readers:...'

 

I doubt all of your readership that don't read Spanish but reads English are American. How about, 'Or, more conveniently for the non-Spanish readers:...'?

 

Get in!!!!

mkhs's picture

Relax, it was probably a snarky way of saying americans are too lazy to learn a second language.

monopoly's picture

Quote by the Swedish Prime Minister;

'We're Talking About One Of The Greatest Financial Rescue Operations The World Has Seen.... 

Excuse me, but did we forget about the hold up of the American people for 800 billion forced on us by a Mr. Paulson, to rescue failed banks, their king pins and stooges. We got one up on you.
dcb's picture

1) how do these people keep thei job. simple they support the elites

2) how could anyone be so stupid to think it wasn't going to happen

    a) rule 1 always applies. the elites that owe their wealth and power to a system will spend an unlimited amount of other people's money to preserve that system.

if the system falls apart, they loose the most, even if society as a whole gains. the thing they can never do is allow the new system to be established. that is the primary goal. the tactics are seen over and over on this site, and tyler mentions it. threats of war, rise of facistism, civil unrest, etc. But by spedning so many resourc3es to preserve a currupt system they ultimately create what they say they are attempting to avoid. Please see Arab spring, 'Syria, etc. This is in effect5 the history of every world revolutionary movement I can think of, including the american revolution and king george.

search


The Marxist intellectual Antonio Gramsci (1891–1937) developed cultural hegemony in aid to the development of a working-class worldview.

Cultural hegemony is the philosophic and sociological theory, by the Marxist philosopher Antonio Gramsci, which proposes that a culturally diverse society can be dominated (ruled) by one social class, whose dominance is achieved by manipulating the societal culture (beliefs, explanations, perceptions, values, mores) so that its ruling-class worldview (Weltanschauung) is imposed as the societal norm, which every social class then perceives as a universally valid ideology that justifies the social, political, and economic status quo — as natural, inevitable, and beneficial for everyone, rather than as artificial social constructs that benefit only the ruling class.[1][2]

(Note: just because I quote a marxist philosopher doesn't mean I don't recognize that this happened on the old communist block as well). it is the history of the leading elites throughtout time.

http://en.wikipedia.org/wiki/Cultural_hegemony

3) we were about to have a head and shoulders formation. not allowed. so there is a real reason this happened this weekend. if one notices they always adopt new policies at exactly this time. emerging mrakers as well. it's all about the charts folks

Goldtoothchimp09's picture

 

 

You can think of it as a modern feudal system with Banks as King as they literally own the currency.  The serfs pay tribute (interest) to the King for use of the King's currency in our debt-based money system.  It's trickle down economics on the grandest scale.

In our debt-based system - money is ONLY created as loans from the King (banks).  Therefore, the banks solely determine where new money gets allocated (think largest corporate borrowers).  Is it no wonder we have such poisonous concentrations of wealth in our society. 

Now, say the gov't wants to stimulate a lagging economy.  In our system, the money gets allocated to the banks.  In a non-debt based system, you could send a stimulus check to every household and then the stimulus would actually work and get to Main Street. 

Folks, the problem is with the very core of our financial system -  the Banker as King - Federal Reserve system.

Jamie Dimon is using the newly created money to refresh his banks 'excess reserves' so as to maintain bank "solvency" and perpetuate the Banks as King system status quo.
The people get the bill in the form of a devalued dollar (devalued savings, commodity inflation) -- you see, the newly printed money is free for the King Bank but is a costly tax on the population.

It's all a rather simple exercise -- the parasitic banks steal from We the People. But our country is so complacent and dumbed down -- that MBAs and Economics majors are, ironically, the last people to recognize what's going down because they have been indoctrinized and go on television blathering on about the failures of We the People rather than helping the public understand that they are being stolen from. PATHETIC!

Interestingly, Ron Paul has consistently won the 30 and under vote in the primaries.

The young instinctively know that they have been born into debt servitude.  They may not be able to explain all the details - but they know, instinctively, that Ron Paul is fighting for We the People, rather than the status quo system of Fed Bankers as King.

It used to be that only the man of the household had to work to comfortable support a household.  Federal Reserve theft has gradually devalued the dollar so that now, generally, both spouses have to work.

There is nothing 'American' about the FED.  The Constitution says 'all men created equal'  Folks, the Federal Reserve Act of 1913 created a superior class of citizen - the banker class.  the Act gave ownership of the currency and financial system to a cartel of private bankers.  It is, literally, unconstitutional.

The Federal Reserve system is a poison to Americans’ standard of living to the benefit of the banker class.

 

 

 

Olympia's picture

The over-profits of the shark loans in the USA not only did not turn their dollars into inflationary money, but also they were multiplied and exported abroad in the form of “investments”. The illegally “increased" dollars of the internal USA economy become tons of “investments” abroad. FED printed cheap money and loansharking multiplied this money in an unnatural way within the American economy boarders and they discarded them abroad so that they did not threaten USA. USA became the first state in the world with artificial “breathing” ...the first state that burdened the international economy with its “breathing” ... and this is where everything started ...this is where the current shabbiness started, Loan sharks that are international today and “hide” behind the vague term of “Markets” are in fact the old loan sharks of the American market. They by controlling the USA monetary system “pumped in air” constantly in order to make profit from the USA “breathing”.

 

http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html

 

 

Authored by PANAGIOTIS TRAIANOU

shovelhead's picture

But just like in the old neighborhood, Vinnie 'The Legbreaker' loanshark still has to wait for the chumps to line up to beg for some money 'to tide them over'.

Vinnie can't make a living without the chumps.

Good for Vinnie there's no shortage of people who would rather spend than save.

The only difference is Vinnie doesn't extend and pretend.

Vinnie is a firm believer in moral hazard.

dcb's picture

yes and just like the royal monarchs who were destined to rule because of gods will the analogy to cultural hegemony applies. the church was no different in burning galleleo for say the earth revolved around the sun. beliefs systems that disrupt the ruling class must never be allowed. that's always the case.

putaipan's picture

ROCKY ! ROCKY!!!!!! ROCKY ! ROCKY !

NO "JUSTICE PARTY" NO PEACE
Sudden Debt's picture

Oh brother.... On television now: brussels is convinced it will work and will now start to make a assesment of their banking needs...
That sentence doesn't really rime for me....

Agent P's picture

Isn't the explicit denial of needing a bailout one of the required steps to actually receiving one?  I believe we're batting a thousand on that stat.

Atomizer's picture

 

 

“Very soon every American will be required to register their biological property in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will affect our security as a charge back for our fiat paper currency. Every American will be forced to register or suffer being able to work and earn a living. They will be our chattels (property) and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions. Americans, by unknowingly or unwittingly delivering the bills of lading (Birth Certificate) to us will be rendered bankrupt and insolvent, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debts to the registrants in the form of benefits and privileges. This will inevitably reap us huge profit beyond our wildest expectations and leave every American a contributor to this fraud, which we will call ‘Social Insurance’. Without realizing it, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and we will employ the high office (presidency) of our dummy corporation (USA) to foment this plot against America.”

– Colonel Edward Mandel House

lakecity55's picture

House wrote an evil book, Phillip Dru, Administrator, which everyone should read.

The guy helped found the CFR here in USA.

francis_sawyer's picture

 "I did not have sexual relations with that woman"

magpie's picture

Indeed. We only need that Spanish woman to say that Obama is going to pay her mortgage.

Peter Pan's picture

Let us be fair to Rajoy. The money the Spanish are getting is not aid or a rescue deal because it will be treated as a loan and will carry interest. LOL. if the lenders ever see any of these funds again, it will be at a time when bull fighting is no longer taking place in Spain.

bnbdnb's picture

TVIX to $1, come on baby.

crawl's picture

Thank God these write politicians figured out its good to lie and when you get into too much debt, just get into more debt.. It is unreal the fiscally prudent European countries would bail out the ones drowning in debt. Reality is definitely stranger than fiction. So does Spain, Italy and Greece contribute money to the Spanish bank bailout?

dcb's picture

well junker clearly has a great history iof success (LOL)

"When it becomes serious, you have to lie", Jean-Claude Juncker

The head of the Eurogroup finance ministers, has also been the first permanent president of the Eurogroup, which brings together the Ministers of Finance of the member states of the euro area.
n 1991, as incumbent president of the Economic and Financial Affairs Council, Jean-Claude Juncker became one of the principal architects of the Maastricht Treaty, in particular of the section on the economic and monetary union of which he drafted large parts himself.
In December 1996, as a result of his successful and delicate mediating between the German Chancellor Helmut Kohl and the French President Jacques Chirac on the subject of the Stability Pact accompanying the economic and monetary union, the international press dubbed Jean-Claude Juncker "the hero of Dublin".

9 Jun, 2012, 02.57PM IST, The writer has posted comments on this articleAFP

Jean-Claude Juncker calls for quick solution to Spain banking crisis

 

Me: why is the guy who's ideas seem to be a major cause of the entire crisis get a role in solving it. because it's not about solving it, it's about protecting the status quo and his legacy and baby (eurozone). does anyone really think this man is any any position to rationally make the best choices.  

Piranhanoia's picture

El rey es el dueno.  Yo supe tras.

loveyajimbo's picture

Did anyone take a close look at Geithner for that Gay/body-parts mailing thing?

koperniuk666's picture

Rajoy is a filthy lying cunt like all the other politicians in Europe.

Burn the fuckers slowly when the time comes.

 

q99x2's picture

Struck by the tower of Babel.

sancho_panza's picture

Never have so many lied so much in such a short time. I'm glad the term "moral hazard" exists so I don't have do discuss its effects at length.  

Goldtoothchimp09's picture

a bunch of insolvent banks trying to stanch deposits leaving from insolvent Spanish banks...

tell me again why bankers aren't compensated like public utilities??