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Squid Vs Merkel
As the hopes and prayers of every European central banker (and long-only manager) rest on age old battles; 'good vs evil', 'woman vs man', 'Germans vs the-rest-of-us', we found today's helpful note from The House Of Squid very amusing. Goldman, in their puppet-masterly way, suggest (in an ever so logical manner) that perhaps Mrs. Merkel should allow for the print-fest and provide their right-hand man Draghi with the ammo he needs to have that discussion.
Goldman Sachs: German Economic Commentary
Chancellor Merkel not keen on more a proactive ECB stance
Chancellor Merkel gave a speech in Berlin yesterday where her main message with respect to stabilisation measures was essentially: No! Merkel rejected the introduction of Eurobonds but also any commitment from the ECB's side to be the lender of last resort for Euro-zone governments.
There are several arguments the German government/Bundesbank are putting forward against a more pro-active stance of the ECB. First, a more pro-active role would not be in accordance with the treaties. Second, it would create moral hazard as it would reduce the incentive for governments to consolidate and reform. Third, debt monetisation, sovereign debt purchases by the ECB, leads to inflation. The latter argument was echoed by the chairman of the council of economic experts Franz, who said in an interview with FAZ newspaper that debt monetisation is a "deadly sin" for a central bank.
These are valid arguments, but only up to a point. In particular the worries about the inflationary impact of debt monetisation are exaggerated. Sovereign debt purchases of a central bank do not necessarily lead to inflation (see the example of Japan, although it can, see the example of Zimbabwe). It can lead to inflation if these purchases are used to finance an expansionary fiscal policy that will lead to strong growth and demand outpacing supply such that price setters will increase their prices. Fiscal policy, however, will be quite restrictive in the Euro-zone in the coming years. Italy, for example, aims at tightening fiscal policy by almost 3% next year on our estimate (we calculate this as the change in the structural primary fiscal balance). And while it remains to be seen whether the fiscal targets will be met, it is a safe bet that fiscal policy will not be expansionary in the Euro-zone for quite some time.
It can also lead to inflation if there is an excessive debt overhang, i.e. the fiscal position of a country is clearly unsustainable. Put differently the expansion of the monetary side is, even in the long run, not backed by a similar expansion of the real side of the economy. As we have argued in the past we see this only as a remote risk.
What the ECB is currently doing under its SMP is essentially swapping one savings instrument (peripheral sovereign debt) for another (cash) as private sector investors, for various reasons, no longer want to hold peripheral debt. But this has no inflationary implications unless one assumes that investors are spending the cash thereby stimulating demand which then leads to inflation. But these investors are not holding cash because they want to increase their spending, but because they think, rightly or wrongly, that cash is more rewarding from an investment point of view.
There are no easy choices and it would have been, no doubt, better if the ECB had never got in the position it is in now. But the current situation demands a careful weighing of the risk involved with any decision taken. The inflationary risk thereby seems to be getting an unduly high weight in the consideration of German policy makers.
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There are two rules for success:
(1) Never tell everything you know.
Money - The 12th and Final Religion
http://www.rduanewilling.com/
The Moloch is the God of money. The book MONEY: The 12th and FINAL RELIGION tells about this God that can neither pardon nor forgive. Israel was not intended either as a people or a place name. The Cosmic contract to prosper in harmony with nature during human progress has been set aside to favor the usury of God Moloch, and the Temple of Central banking known as the Federal Reserve System. The religion of God Moloch dominates all other religions as it is the only universal religion recognized by all and known as MONEY.
~//~
Here’s an interview (educate-yourself.org - MP3) with Richard Duane Willing that begins @49:42…
http://educate-yourself.org/vcd/KenAdachiRichardDuaneWilling11nov11inter...
mentioned in the interview (paraphrased)...
- linked to immoral behavior, sexual deviance, and ritual murder
- the co-conspirators are the great merchants / corporations [with central banks being the other co-conspirators]
- the attributes (in order) of the “perfect costumer” according to the great merchants & their market research, are...
- homosexual
- black
- mixed race
- Asian
- white women
- Mexicans
- white males
- cosmic struggle / spiritual warfare
- the structure seems to be, the British discovered when they were setting up their empire, that there are 11 religions that control the majority of people. they proceeded to establish the British empire based on these (plus one, “money”… 12 religions)
- money is a religion… their god is Moloch
- all money begins as a loan
- money is mobilized as a synapse (psychically) between a borrower and a banker
- money generates interest yet is not consumed in the process (using the burning bush allegory)
- money is agreement between two minds... who acknowledge the god Moloch (when the meeting of two minds occurred)
- money is hiding behind all the other religions. it manifests in society & in our banks
- very few people (even in the banks) understand
- money systems are based on belief (faith) & shared trust, which makes them real
- Moloch, is hiding in plain site, at your bank
- ( I = PRT ) interest = principal * rate * time
- the holy grail is a table of interest rates
~//~
[BTW… for those, ahhhhh .. high speed ZH types… some media-players can be set to playback fast with little pitch distortion]
...Enjoy ;-) ... ahh, or not :-( ... ;-)
????!?!?!?!?
multiple posts/pastes, ned [see ireland/germany string]
goldi! say it ain't so!
Video about the protest in Italy, Greece, and Ireland this week. The occupy movement has dominated over the European protests that remain strong.
http://www.youtube.com/user/zedgehero
Good job! I sent the url along to a few folks that are ready... ;-)
My thoughts exactly.
Ol' Duane Willing seems to be awfully interested in selling his wares for a man who spouts sbout the evils of money. Oh, and he is an antisemite (sorry, anti-zionist) as well. Thanks but no thanks...
Damned bots. Who left the window open again?
did the squid take sinclairs website down today?
It's been down for since wednesday afternoon
i think that was Robo_T, i_think
.
Yes, Jim Sinclair's JS MineSet site being down, is a little disconcerting ... you wonder if his continued insistence that 'QE to infinity is the only outcome' of government plans, has finally made the Powers That Be shut him down.
Jim is one of those insider people who has become a semi-outsider radical. It astonishes me that Jim thinks he is safe in USA Connecticut, like Swiss citizen Bruce Krasting still feeling safe in the USA New York State countryside.
When ZeroHedge goes down, and stays down, that may be the major sign that, 'It's On Like Donkey Kong'.
« The Revolution Will Not Be Televised, It Will Be Live » - Gil Scott-Heron, great American musical poet, circa 1970:
http://www.youtube.com/watch?v=rGaRtqrlGy8
Nothing like the takedown of his stock, ugh, glad we sold at $8 near the top, put on an ew roof and windows with the profits.
40
Herc, is that you?
HERCULE TRIATHLON SAVINIEN
Where does Moolah fit into this?
(2) Do not try to put it in her butt the very first time you sleep with her
a) Unless you want it to be the last time... or she's into that kind of thing.
Best headline in a long time.
The Squid is cunning. Merkel, do not listen to them, listen to me. This is simple. Who do you work for? The German people who elected you or The Squid & friends?
Wait, you think that politicians work for "the people?" How quaint.
Since the German government seems to be the only one acting like adults, I'm wondering how to start an online petition so we can show our support.
Anyone wants to set it up, please post a link. It'll probably go viral in 24 hours.
Uh, really? While, in some non-existent utopia, the answer would be clear, she works for the money masters.
We'll see who she works for. You've clearly decided, which probably has psychological significance for you but no real basis in actuality. I'll take the other side and say history rhymes. Sovereign defaults do happen and happen in a string sequence. I'm ready for the show either way.
Exactamundo.
To believe Merkel will side with the people, doing the opposite of every other world leader, and going against history, is.... foolhardy at best.
No basis in actuality? Are you kidding me? Sovereign countries do not have to borrow at all, especially from private banks that create that money for free. Is that working for the people or the banks.
And every action taken by world governments over the past two years has been to protect the bond holders and not the people. Turning private debt into a sovereign debt is a betrayal...
+1
I see you are misunderstood here
the squid already owns Merkel... the reluctance is just an act while the pieces are put in the place... wake up German people before its too late.
Oh how easily the squid fools the fools - Frau Merkel (part time politician - part time head of GS PR department) with one well aimed kick of a stilettoed jackboot, galvanises UK popular support behind all things banksterish.
We'll be fighting the banks corner on the beaches next, judging by the headlines over here today!
If a blue blooded inbred who happens to be Austrian and a banker, takes a bullet, I'm fucking out of here, pronto......
Lets start handing out crazy pills!
This guy writes as if Germany has never had hyper-inflation.
Sounds like a typical Ameircan, never learned a thing of history. Probably couldn't tell you what "Weimar" was if his own life depended on it.
I'm an American so I can say things like that. An abiding failure to appreciate the main sequence of world history is our Achilles heel.
Weimar => A hot dog.
Used in a sentence => I wish I were an Oscar Meyer Weimer.
Hmmmm... Damn 1st Amendment applies only to US Citizens!
Ah, well, I'll have to exert my free speech illegally.... ;-)
Most people in Germany have become irreversibly stupid over the last 20 years or so. They never heard about hyperinflation, think their history began in 1945 (or 33), believe that the state is always beneficial, agree that higher taxes for themselves(!) are OK, and think Europe is a good idea simply because currency exchange offices had disappeared on their borderline.
I would be shocked to learn that Mrs. Merkel is on a higher intellectual level.
And you have to be of Black Forest Ham family, isn't it?
Germans are just better educated Americans (with better cars and beer -- Americans have better airplanes though). Like Americans, they pay way too much attention and have too much respect for their mainstream media. They believe the bullshit they see and hear.
i heard kernan rhetorically ask this morn....how long are the germans going to remember wiemer....shouldnt they be over that by now?...what a dick.....i watch these assholes and put myself in a sheep state of mind...no wonder sheep get sheered
Why are people still watching assholes like Joe Kernan? Turn off the fucking TV and they will disappear. No audience equals the end of these d-bags.
who is kernan
Gods work is never done....you got to know when every Bankster and his dog are calling for unlimited printing it not going to end well for the masses.
U.S. politicians just as bad. Look at this know-nothing: http://www.youtube.com/watch?v=xUPKKbmWMZ8&feature=related
She's Obama, without a teleprompter. Send both of them packing.
Republican primary voters, please, vote up Ron Paul. Before Merkel owns the United States.
What a fleeting man-made make-believe world man insists living in. Natural law or God, insists and will always win out. take your pick at the pleasentry or favorite semantic,
Up yours, GoldmanShafts. 100% of the advice you give is craven, dishonest, unethical, criminal, unconstitutional and self-serving. Do the opposite of whatever these predators suggest. And because 100% of the advice given by the USSA is crafted or approved by GoldmanShafts, 100% of the advice given by the USSA is destructive.
"It can also lead to inflation if there is an excessive debt overhang, i.e. the fiscal position of a country is clearly unsustainable. "
Uh. Isn't that EXACTLY the problem here?
Give us the money bitchez!
We want your Gold bars Fraulein Merkel
It's official.. I exited FAZ. It was a good run. I can't take the chance of seeing 10% losses on Monday because some Euro eediot decided that printing money is good for an economy.. But I shall return!
Thanx fer thu heads up Homer. I'm stikin with it. The Macro picture looks grimm, but of course the markets don't pay much attention to reality so I may be makin a mistake. All the best.
Same here - when it looks too good to be true, it usually is. Take the money and run! He who shoots and runs away, lives to fight another day.
I admired the resolve during the run!
If Merkel, Sarkozy, and Draghi made a sex tape and charged 1 dollar per viewing, the Euro debt crisis would be solved.
Why? Because all three would be thrown in jail?
Because I don't think there is (more than 3) sentient creatures on the planet that would even touch such a thing, least of all pay a dollar to watch it.
Freaks, geeks, and Wikki Leaks. There would be plenty of eyeballs to choose from in today's world.
The SEC's bill alone would fill the EFSF to the brim.
Americans seem to like watching/listening about the Penn State affair ad naseum. Why not Merkozy and their Italian friend? Too high class for them? Or they just don't like/can't read the subtitles?
From the link:
"Sovereign debt purchases of a central bank do not necessarily lead to inflation (see the example of Japan, although it can, see the example of Zimbabwe)."
... completely rational argument there, an example of two economies that Germany can aspire towards.
... uber alles.
If there is something Goldman cares about, it's the economy of sovereign nations. See Greece for example.
Well played, sir!
Squid needs Euros. Stolper stlll underwater with his EUR/USD 1.40 call.
Germany appears to be powerful enough to withstand these verbal attacks.
When Squid finally realizes this, they'll have to lobby Western govermnents to invade Germany to free the printers of war.
i like
WB7 We need a 'FREE the PRINTERS" poster. lol
the proper response to the squid should be the following:
Dear Squid,
Please google "Wiemar Republic" and then promptly go fuck yourself.
Yours truly,
The Citizens of Germany.
Kramer said this morning, "It's Germany against us."
If by "us" he meant the kleptocrats and the international banksters, fuck-face finally got a call right.
fuckin Cramer...ah...there's nothing wrong with him a good bitch slapping can't fix.
Lawyer, two degrees from Hahvud, member of the tribe..., might take a lot of bitch slapping.
Kramer is xSquid .. once a squid always a squid.
The inflationary risk thereby seems to be getting an unduly high weight in the consideration of German policy makers.
Excuse me, risk?? Risk to me implies a probability of less than 1.0.
NOT true in this instance!
Great article about this takeover by Goldman..
http://www.independent.co.uk/news/business/analysis-and-features/what-pr...
Dear Alien,
Weimar was transitory.
Sincerely,
Squid
So too shall the collapse of the Euro be but a transitory moment of pain. Like a tooth extraction. In the end...it will be well worth it.
pwnage!
Merkel will have to send roses now or she too will be handing the keys to a former GS senior partner.
The squid releases a dark ink into the water when it senses danger or puts out commentary if on land.
Yeah, cause GS has the best interests of all at their heart......
Careful Angela with those GS suckers, they want to screw you. Stick to Draghi, you get on with him. Anyway, you will have a hard time, but don't give a damn to those motherfuckers of 200 West Street...
The police now habitually look inside sandwiches served them at Drive Thrus for hawkers and various biological agents. The policev dont deserve this.
However, the first time someone employed by Goldman finds feces in their food, then all of Goldman employees will have to stop eating out or develop a keen eye and keener taste buds.
While there is a lot to criticise OWS for, the enemy of my enemy is a great temporary ally.
You think shitting on cars is all these people can do?
The bankers were safer before OWS was dispersed. Now it is much harder to keep up with what they are doing now that many have donned suits and others are taking restaurant jobs nearby.
I sure hope nobody pees in the soup
Yes that would be terrible. Especially if they used only small amounts that couldnt be detected. It would just be terrible if an emoloyee of gildmam, jpm, or boa got sick.
Fortunately there are hepatitis immunizations available, except for C, the most insideous and nastiest of all.
Why is that Top?
It would just be terrible if someone at Goldman, BOA, or JPM contracted hepatitis, CMV, or other chronic enteric viruses. Simply terrible. No one should condone or support such a thing!
Hey I have an idea for a new service industry : food tasters.
It worked for Medieval kings, I sense a resurgence of the craft.
And as people begin to starve there won't be any shortage of applicants for the jobs.
This is totally shovel-ready! I wonder if I could get federal loan guarantees ...
Whoa, a creative thinkerizer in our midst! :>D
Most bankers and market participants do not realize that using ECB printing press to buy PIIGS debt is the same as transferring wealth from Northern Europe (most notably Germany) to PIIGS -- money printing by the ECB is a political non-starter in Germany.
Remember when during 2008 crisis, when Sarkozy wanted Germany to help to bailout French banks, Merkel told Sarkozy that everyone "must clean their own scheißer (shit)"?
She has not changed her mind since, and she will not allow to use German wealth (making her people poorer) to clean PIIGS' "scheißer" in 2011.
__________________________________________________________
Does the ECB really have a silver bullet?
Like the “big bazooka” which went before it, the ECB’s silver bullet is a much more problematic instrument than the markets want to believe.
http://blogs.ft.com/gavyndavies/2011/11/10/does-the-ecb-really-have-a-si...
I think another element is deep concern in Germany that some of the other nations have been lying about their fiscal positions. Actually, they should pretty damn well know if they bother talking to the Deutsche Bank people in London, who can explain all the tricks they have been happy to sell. There's debt hidden all over the place, and once you start the free money express, everyone wants to get aboard.
You see if you revise GDP down by 5% or debt up by 5%, it can add up pretty quickly. The idea that it was just Greece is laughable...
just enrolled in German classes at Berlitz.
We've been bashing Germany in their interference with other country's sovereighty, but they are right to resist printing their way out of this.
Under no circumstance will there be haircuts, let alone shaves
How about slit throats?
Sweeney Todd runs a righteous shop! :>D
It will be different this time.
And the good German people are in the middle of all this and have so little say in what goes on. What a freaking mess this planet has turned into.
Every criminal around you is telling you to print Angela.. It is theft from our children please dont let it happen
"it is a safe bet that fiscal policy will not be expansionary in the Euro-zone for quite some time."
That's what they thought in Greece last July. Until they looked at the books again in October, a mere 90 days.
What a joke.
Question #13) Arrange the following historical events in chronological order:
A) Treaty of Brest litovsk
B) The Battle of Waterloo
C) Hitler's "Fortress Europe"
D) "She's a Bad Mama Jama"
squid to angela: these are valid arguments, but only up to a point, angela
angela: and what point might that be, squid-face?
squid: the point that we replace you if you don't "adjust" to something more pleasing to the chairsatan, angela
angela: grrrrr!
no kidding. if GS could arrange for some ugly defaults in a particular order Germany would be up a creek pretty fast.
at what point does this Kabuki play become an ongoing act of low-level warfare?
The banksters want to repeat the twentieth century.
Hopefully, The Germans have smartened up.
I assume you are referring here to the large swathes of the 20th century that Germans would like very much not to revisit.
I have little faith Germany will hold its ground - but golly gee folks I hope Merkel has bigger balls than I think...
http://www.youtube.com/watch?v=VjkJfMrQ4bc&feature=related
+1 You should forward that over to Angela. Something tells me Merkel might start singing that one in the shower.
PS -- NICE PROFITS on my CRM puts today.
Just waiting for the lockup expiry to blow up LNKD next week. Mo mo to the moon.
And now, a trade for my friends: look at AMR's preferred shares, AAR, selling way below par with 20% yield at these prices. If AMR strikes a deal with the pilots, those preferreds will snap back something nice, and you can either sell or hold for the yield. Yes, risky trade, could fall much lower, but I think a deal will be struck, plus AMR has cash on hand.
The entire pretext of this article is dishonest and fraudulent, as is every economic argument regarding the "pros" or "cons" of inflating or deflating. The underlying premise is that there are numerous economic "situations" where private wealth may be confiscated , via inflation, for the public "good," and the only criterion is whether or not it will "work." The dehumanizing immorality of the actual discussion is totally lost. Peoples' lives are not supposed to be cannon fodder for economic experimentation. As stated earlier in this post, fiat economics has truly become the 12th world religion. It is a voodoo cult, where the 99% are collectively thrown into the volcano every day, a small piece at a time. A lock of hair here, a fingernail there, every day, year in and year out, until the 99% are finally consumed. Before the voodoo squids of the world can be destroyed, the legitimacy of fiat economics MUST be recognized as the Molech that it is. Until this happens, OWS is a joke.
It's life Jim, but not as we know it. The prime directive is clear. It never involves starfleet because they are way too far away and out of touch to make decisions. But you don't shoot your own crew when they are in front of you.
I hate the banksters as much as OWS, but I will not engage in the worn out pragmitism of "the enemy of my enemy is my friend." I will not fight the facist transfer of wealth, by aligning with a group that predominantly supports the socialistic transfer of wealth. Every time I see "Solyndra" in the news, I have visions of "soylent green." This is the inevitable outcome of any large people group that bands together for "social justice," without coming to grips with the basic principles of liberty. Social justice + ignorance = police state. How is that for a basic "macroeconomic" equation?
"Social Justice" is like obscenity, everyone only knows it when they see it (yeah right!) The Socialist/Progressives are pretty good at slinging around vague, "intuitively-obvious" phrases they will never define!
...the only criterion is whether or not it will "work."
Of course, it will work – it will give Europe more time to extend its debt into the stratosphere and some of the wiser bankers enough time to cash out and leave the burning building. In the meantime, it will prompt a voter revolution in Germany to change leadership and install emphasis on a Germany for Germans.
Well said, Jim. Monty Pelerin and Adam Fergusson would agree.
“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” -- Monty Pelerin
“Indeed, it pays to owe money during inflation and even 2% inflation is theft–stealing from anyone who has lent money.” – Adam Fergusson
“Printing money is like a drug. If it works, print some more. If it doesn’t, print some more. The neo-Keynesian excuses for it are not persuasive. The medicine analogy about stepping up the dose is terrifying: inflation is the disease, not the remedy. As with an opiate, printing money, while appearing to relieve short-term difficulties, is addictive. Even the short-term success of, say, quantitative easing in stimulating an economy is dubious." --Adam Ferguson, When Money Dies (1975 - QE2: 7 lessons from hyperinflationary Germany) http://citywire.co.uk/money/qe2-7-lessons-from-hyperinflationary-germany/a531332"The inflationary risk thereby seems to be getting an unduly high weight..."
The first time I ever cared about an ounce of gold, it cost $400. The next time I cared, it was $900.
Merkel should take the squids approach as an act of war and despatch their top agents to take out every GS office worldwide this weekend. It's her only option now. she is next for the chop, so why not go out in a blaze of glory. GPap, Berli, comeon Merkel, grow some baws.
At least shut them down within Germany. Hell, if Germany can ban Scientology they should be able to ban GS.
Imagine Deutschland breaking out in democracy. Their law requires the vote, and they like to vote. They can't participate any more with the rest. They have Nigel pissed off and ready to use the terminology of history in its proper perspective.
If they bail out the rest, problems at home. They will be seen as the decision maker and get blamed either way for that final solution to the euro, that is going to crash from sheer physics anyway, and every day the allies are getting closer to Berlin, we're broke anyway if we keep pretending. Watch the work force shut down production via the unions in a heartbeat in a show of disapproval of donating any more of their bier.
If they don't bail out, nothing the Mark won't be able to fix. (how many we have printed so far Hans?)
So, Goldman Sachs wants to be thrown in the inflation brier patch. this is what keeps their swindle going. Inflate the currency and then collapse the economy. What a deal!
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
Patience -- there's got to be a tar baby in there somewhere.
Separation of Power
In any practical civil marriage, any govt/corp ism, communism, capitalism, or socialism, party A breeds party B to go get revenue for party A, which is never happy and continually increases pressure on party B, instructing party B on how to get the revenue, collapsing the tax base with increasing net tax rates.
To temporarily sustain itself, this system must be an accounting ponzi, party B must be bred to the trough, generation to generation, and there must be excess Bs competing for a spot at the trough.
Party C doesn’t interfere with the people raising their children for sacrifice to the Gods of Anxiety, but, eventually, party A always employs party B as majority rule to enforce the system on part C, with Family Law. That’s when things go bad for party A.
When the system assumes marriage is anachronistic, it blows up, every time, because Omar the Tentmaker can no longer cover its obesity. A relatively tiny minority is responsible for economic growth, which is self-securitizing under the system. Real marriage has survived the test of time, but beat it if you can. You might want to build your own enterprise system technology though.
The most important separation of power in the Constitution is between State and Church, the latter formerly housing the root marriage. Governments devolve because the form of government becomes a state religion for its self-biased agents, which was the point of freedom of religious expression, to maintain the duality, provide a net neutral government return line, and increase diverse practice in a negative feedback loop of positive feedback loops.
You can set up any type of charge separation, but the participants must respect separation of power to sustain the necessary reactor. The distribution of marriage provides separation at the root with a stable feedback loop in multiple dimensions, and, at the root, you want adaptive stability above all else.
But build your own operating system any way you want. Obviously, I’m an ignorant relic from the old school.
The US Constitution is sinking from the density of inelastic laws written on behalf of the least-common-denominator majority, specifically manufactured to block out the future to preserve the past, regardless of the pr-ism employed. Funny what happens when the denominator hits the wall of 1 (global IC chip) and falls below 1 due to momentum.
A static constitution is like an assembly line turning out diapers for robots.
(
How Do You Code a Movement?)
Dynamic systems that adjust using differential math. Interesting commentary, thank you for the time. You're far from irrelevant Kevin. Foundational engineers are invaluable right now.
Goldman's argument implies the bonds have 100% face value. Private investors stopped buying those bonds because they are near worthless or risky at best. Their argument only comes true if they can get Germany to make it a reality for them and even then it's a crap shoot.
Does The Squid have a tentacle up the Germans butt too? or do they just control the rest of Europe?
http://www.telegraph.co.uk/news/worldnews/europe/eu/8897662/EU-bans-clai...
Now I know we've crossed the rubicon! Unbelievable
Thanks for the heads up, my favorite folly of the week.
Maybe next weeek they will come up with something even more useful, like fucking does not cause babies.
"and it would have been, no doubt, better if the ECB had never got in the position it is in now"
says brer rabbit to brer bear
Can..not....over come..........the.......urge................!!!
................FUCK YOU's Goldman Sachs..........................................
Hoping everyone a good weekend.
Cheers.
Ps...Fuck You's Goldman Sachs
The problem with throwing out Merkel is the opposition is even more Eurocentric than she is.
Right you are
Schizophrenic Europe
Only a playwright like Luigi Pirandello, who lived with a schizophrenic wife and wrote plays like Henry IV with its multiple levels of reality, could cope with the financial landscape in today’s Europe.
http://www.mmnews.de/index.php/english-news/5743-schizophrenic-europe
she is no more schizophrenic than the all powerful ponzi market and GS. What the market is doing is ensuring the annihilation of capitalism on both sides of the pond. So its a ctch 22 situation; daned if you do damned if you don't.
Don't blame one without the other; if anyhing the ponzi market is more to blame as they have ripped off 25T and socialied the counter party debt.
Lets them pay or let them burn in hell.