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Steve Liesman's Modest Proposal: America Must Bail Out Europe
Yesterday, the progressive "think-tankers" from the CEPR first voiced the idea that it is time for America to finally come to the aid of Europe, because you see, the liberals, ever so generous with other peoples' money, have had enough of a sinking financial system brought to its knees by the intersection of a financial system perpetually bailed out at the taxpayers' expense, and a insolvent global welfare state, and just wish it was all back to where it was a decade ago, where everyone lived in perpetual bliss and stupidity. We truly hope Messrs Baker and Weisbrot lead by example and dispose of all their net worth, by dispatching it in Europe's direction, post haste: after all, anything less would be just seem so very hypocritical. Today, to nobody's shock at all, the "think tank" is joined by everyone's favorite TV hobby economist: Steve Liesman, who in an op-ed on CNBC writes: " It’s time to change the narrative and for the United States to step up and abandon its policies of praising Europe’s incremental progress, gently prompting it to action and insisting that it be a Euro only solution... The US should lead the world in creating a large pot of money available to the Europeans to recapitalize their banks. A $2 or $3 trillion fund should get the market’s attention." It should Steve. And just like in the case of CEPR, we hope you can lead the US by creating a large pot of all your money that you would send to Spain and Greece first. Then everyone promises to follow in your so very generous footsteps.
From CNBC:
Europe's Mess: Time for the US to Clean It Up
When it comes to Europe, incremental and mealy mouthed haven’t worked. It’s time for big and bold.
Waiting for Europe to get its act together to solve its financial problems has become an even more insufferable drama than "Waiting for Godot." They keep talking but a financial solution never comes. Former deputy Treasury Secretary Roger Altman, writing in today’ Washington Post, warned of a Euro-led global economic slump and said: “The reason markets are battering the euro zone is that its hesitant leaders have not developed the tools for countering such pressures.”
It’s time to change the narrative and for the United States to step up and abandon its policies of praising Europe’s incremental progress, gently prompting it to action and insisting that it be a Euro only solution. Here, for example, is what a US Treasury official said yesterday: “We’re hoping to see accelerated European action over the next several weeks…” Be still my beating heart.
It's time for the US to express its dismay at the lack of progress and to begin corralling world resources to incentivize Europe to solve its problems
Several facts have led me to this conclusion:
- Since the turn of the last century, Europe has never shown an ability to solve its problems without the United States.
- Germany is economically the size of California, Texas and North Carolina. It cannot bail out Europe just as surely as those three states could not (and would not) bail out the United States.
- The lack of trust in Germany among European countries means even if it could bail out Europe, it could never get political agreement for the necessary concessions.
- Much needs to be done in Europe, but the focus for now needs to be on stability and the world should take a page out of the US response: Massive funds made available that never need to be used.
- The US, despite its deficit problems, remains the only global power with the ability to rally the world toward a solution.
Collective action in times of panic is what governments are supposed to do. Be it response to a natural disaster like an earthquake or a financial crisis, governments should step up when the market or the individual can’t act. Two years of sclerotic responses by Europe, culminating in the latest panic, should be enough evidence that Europe doesn’t have the political means to solve its problems, even while it does have the financial means. As the TARP program showed (only when it comes to the banks) if you make enough money available quickly enough, you can stem the tide and it won’t cost you a penny.
So here’s a plan:
The US should lead the world in creating a large pot of money available to the Europeans to recapitalize their banks. A $2 or $3 trillion fund should get the market’s attention. Whatever the number, about one-third of this should come from the IMF. Two-thirds should come from Europe. European money should be in the first loss position, that is, the IMF, as is always the case, should not suffer a dime of losses until all the European money is wiped out. This money could be used as a sovereign rescue fund, to bail out sovereign institutions and for deposit insurance—all the programs that stanched the US panic. Whatever the use, it would not be available without a 2/3rd Europe portion and would be conditional—the way all IMF programs are—on European progress towards financial consolidation and fiscal union.
You can argue—and you would be correct—that this is Europe’s problem and they should pay for it. The place we are in now, however, is that we are all paying for it and waiting for European progress has proven a losing strategy. Even when they take action, like the European Central Banks’ Long-Term Repo Operations—they bungle it by saying “there won’t be a third” convincing the shorts that there’s profit in betting against the central bank. The key to collective action is to dare the shorts to come at you and ensure that it’s at least two-way trade, if not a loser for the challenger. Fed Chief Ben Bernanke and then Treasury Secretary Hank Paulson fundamentally understood this.
While Altman said the world needs European leaders to step up, my point is that the world needs its leaders to step up. The US remains the global financial leader and the international community will not step up without US leadership. That would mean US diplomacy to rally China and other emerging market countries to contribute (so far, we have been sort of indifferent). And that could mean commitment of additional US resources. I don’t think that commitment needs to be massive. There needs to be some symbolic amounts (we are already the largest fund contributor). But I believe it could be cost effective. It would assert US global leadership, and it could start a real process of solving Europe’s problems.
As for the domestic politics and a certain isolationist outcry, at this point, what’s the difference for President Obama? Europe, together with the anemic US recovery, already seems to be guaranteeing a one-term presidency. Asserting US economic leadership and financial commitment toward a European solution couldn’t make the financial situation much worse, and it just might make it better.
What is most ironic is that all these paragons of humanistic generosity (with other people's money of course) forget that this is precisely what the Fed has done each and every time Europe entered the toxic vortex of unsustainable debt: or otherwise we may have misunderstood what those hundreds of billions in Fed FX swaps to the rescue world's central banks (most recently here), or those trillions in secret Fed loans to each and every global bank by the Fed, actually represent...
Finally, here are Santelli and Liesman discussing this very topic.
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Knowing her... she'll be done by the end of June.
In grade 4, she read the Screwtape Letters... her English and Religion teachers had never heard about it or read it. This summer, she'll planning to indulge in GK Chesterton.
I'm doing my part to help produce a good human being... that will help to clean up this mess.
You can argue—and you would be correct—that this is Europe’s problem and they should pay for it. The place we are in now, however, is that we are all paying for it and waiting for European progress has proven a losing strategy.
Yes, Steve, because the USofA's 1913-ordained fiat system and its $100T of unfunded liabilities is so "#winning".
All this pablum has done is remind me I have not nearly enough munitions under roof.
Liesman is a domestic enemy of the state.
The terrorists were already in America wearing suits and ties before 911. The Banks and the FED made Osama look like a piker.
It's only poor people who would suffer. Just now it's the wealthy! The markets are all down!
My god we must save the wealthy!
Welcome to America, baby dick.
Guys, this is nothing new. It happened before, in 1931. Here is the link to the announcement of the bailout: http://youtu.be/MFdTISc1KG0
Welcome to America, baby dick.
-Kenny Powers
its amazing, today i actually rather see Liesman hanged for treason before Geithner.....doesnt he know they will come for the mouthpiece of misinformation first !
The desperation of the Keynesians is now open for all to see.
http://www.lapolicegear.com/bailoutbag-black.html
Didn't the FED already give trillions to the ECB, or is that a rumor?
Oh Professor Liesman your are such an intellectual giant/hobby economist. I bet you get offers for tenure everyday from Ivy League Econ departments. Thank you for staying on CNBS and teaching we the poor dumb sheeple instead.
Liesman's presentation and ideas are so absurd and preposterous that his hot air must be being put into a trial balloon sent up to measure the stupication and gullibility level of the public: I regard him as toxic, and immediately change channels.
Nature does something tremendously well: it culls the weak and the strong survive. A balance is achieved.
Meanwhile us humans keep allowing weak banks/companies to keep living when they should be allowed to die, be bought out or broken up. Because we want to save a few hundred jobs?
GM got bailed out, but it was forced into bankruptcy, reorganized and shed divisions that were weighing it down. A cleansing process. It's a stronger company now.
This idea of sending money to Europe is totally and completely stupid. I fail to see how it fixes anything at all.
Makes me laugh.
US citizen understanding of nature.
But what? How weak banks manage to coerce the strong US citizen middle class to bail them out?
Should it not mean that the banks are actually the strong side which is going to survive while the weak side is going to be culled?
US citizenism.
I'm Canadian actually. My apologies if I didn't mention this in my post.
Canadians support US citizenism.
Nationalities do not matter when it comes to US citizenism. Only the state of mind, the pattern of thinking.
STFU
Shouldnt you be off beating a Tibetan somewhere? Maybe driving a tank towards someone in your country who dares to try and break out of the hive mind mentality of your culture?
Banks are going to go the way of China. Rotten cancer from the inside out.
Are you still shitting on the sidewalk ? Isn't that a little hard on your sandels ?
ROFL! (w/carbonated beverage through the nostrils)
STFU
[Deleted]
CNBC fabricates crap to boost ratings!
How can anyone watch this crap, its like trying to watch The View
someone named Liesman doesnt trust Germany.......No Surprise
and we should bail out europe because....they aren't able to fix their problems.
we are doomed with talking heads like this. think of how many morons watch CNBC and beleive guys like this.
LIESman is a damn genius. Why didn't anyone else think of that?
$3Trillion divided by eurozone population
$3000000000000÷ 327000000 = $9174 per person
world population with lower standard of living
about 6 000 000 000
So 6000000000 * $9174 = $5,5 *10 ^ 13 = $55 * 10 ^12 (calculator refuses to show the number with all the zeros) or
$ 55 000 000 000 000 = $55 Trillion to help any body on our planet applying the same
standards worldwide.
us debt clock shows about $15 Trillion now ->
new debt would be 15+55= $ 70 Trillion
increase in debt would be about 360 %
(4.6 times what it is now) -> debt per citizen would rise from $ 50000 to $230000.
These are the kinds of people that sacrifice small animals...
Sounds like the US bankers are getting nervous. So they have their mouthpieces out promoting the idea that the US should bail out Europe's banks. Of course, in the spirit of true disinformation, how long will it be until we hear Mr. Bove claiming that US banks' exposure to the European mess is negligible?
As we all recall, the US government bailout of US banks was extremely unpopular and strongly contributed to the Republicans' loss of Congress and the Presidency in 2008. Bailing out Europe's banks would be political suicide for any president silly enough to attempt ti. But you can't blame the bankers for trying...
$2T-$3T? Looks like Kyle Bass' idea is finally getting some traction!
OK, this is funny, it comes from liberals because if it came from republicans to bail out the base (bankers there would be hell. So since the liberals are owned by them as well, they can get away with it. Shows how much we have a one party system in my mind.
The CBO just projected that GDP will be surpassed by the national debt in 25 years. http://www.marketwatch.com/story/cbo-paints-grim-long-term-debt-picture-2012-06-05
As long as these idiots are unaware that the debt has already surpassed GDP, how do we fix the problem? Suggestion: Get rid of government, get rid of banking. That is how you resolve a parasite infestation.
They like to pretend that intragovernmental debt is not actually debt and paid back from the same revenue stream.
If you look at the Treasury reports as soon as W got into office they began spliting it into a separate category to enable this lie.
As I mentioned before, the US is connected to Europe. They are Siamese twins. Right now there is a game of chicken as to whether Germany or the US "saves" Europe. After the election the US will end the game, print and "save" Europe.
Liesman is a fucking lunatic
You really don't come across stupidity like that on a regular basis. Perfect foil for tylers sarcasm. Can we keep him - he's adorable?
Steve Liesman's got more prestige than anyone on Zerohedge. He's on TV and representing a major media network. He has to be right. Just look at his creds.
Collective action in times of panic is what governments are supposed to do. Be it response to a natural disaster like an earthquake or a financial crisis, governments should step up when the market or the individual can’t act.
... you can stem the tide and it won’t cost you a penny.
It is only a modest proposal for the greater good.
I guess it just goes ta show ya that media credibility does not mean that you cannot be wrong 100% of the time.
Well said? Were you reading from a Teleprompter... is that you Barry ?
LOL, did I really need to add the /MDB or the /sarc?
let them all fail just like should have happened in 2008
I prefer the Levy report to bloomberg
$29,000,000,000,000 (trillion): A Detailed Look at the Fed’s Bailout by Funding Facility
and Recipient
http://www.levyinstitute.org/pubs/wp_698.pdf
Bloomberg has recently claimed that the cumulative “spending” by the Fed (this includes asset
purchases plus lending) was $7.77 trillion. However, the reports have not been sufficiently
detailed to determine exactly what was included in that total.
We have conducted the most comprehensive investigation of the raw data to date. We
find that the total spending is actually over $29 trillion. This is the first of a series of working
papers in which we will present our results. We hope that other researchers will compare these
results with their own, and are providing detailed break-downs to aid in such comparisons.
This is about right. More and more I'm seeing our generous U.S. government send boatloads of money to people who are wealthier than Americans. If we do it we should do it under the following terms. Any European country taking American cash has to adhere to our private labor standards: reduce vacations to 2-3 weeks, no more than 10 paid holidays, only 15 dys sick leave, no retirement till 67, and no government health care. Additionally, no trade barriers. See if they'll swallow that.
everytime I listen to LIESman talk about this I keep seeing the part where Marsellus from Pulp Fiction is saying over and over .....
comment is about as clever as Steve Liesman
One third should come from the US-funded IMF, the other 2/3rds should come from the US. And we should express our dismay. And tell them they can't handle anything with US help. And we should also tell all the people we sneered at when they objected to European style welfare policies that "see, the system is not bankrupt! What are you? An isolationist?"
Change the narrative = baffle them with bullshit.
It seems that Liesman is under the delusion that he is part of the ruling class... instead of just a (joke of a) toady.
He's the Bernaks spokespeon, ah, spokesperson. The FED rep at CNBS. First row seat an Bernanks press conferences.
I say give the Europeons 3 or 4 trillion in exchange for all of their gold holdings.
I mean, seriously, everybody knows that gold is a barbaric relic and that it is only held for traditional reasons.
They won't miss it!
And cnbc pays this moron, with actual worthless dollars. What a useless station. Ratings prove it.
Off topic. What a disaster coal has been. PCX to the trash heap any day now. Pathetic.
The CNBS campus along 9W in Fort Lee, NJ would really benefit from a 9/11-like exercise in Urban Renewal and low-cost Abestos Abatement.
More accurately, CNBS's viewing public would really benefit. All 17 of 'em.
2 or 3 trillions, at this point, you do not care.
No needs for accuracy.
One trillion more or less... It is only one trillion.
"we're speaking as though a trillion dollars is a lot of money. it isn't" - Krugman
get these folks some more coffee
WHO does Steve think will bail the US out? Is there a Chinese or Saudi version of Steve Liesman somewhere?
I also noticed, no mention of any strings attached, so the Europeans can just go on spending on social programs and six week vacations while Americans work their fingers to the bone!
Now he give financial advice to the globe? my my haven't we outgrown our pullups.
And for the low low price of 59.95, Steve will let you lick his hairy ballsack.
Call NOW!
Leisman is granted the exclusive interviews by Bernake, Geithner, ect. not for his reputation or intelect but because he's a bought and paid for stooge and a cheap harlot that will do and say whatever they tell him to. He would not dare submit this without the encouragement from his sponsors. He's much too stupid and doesn't have the confidence to think of ideas on his own. He would be a retarded monkey in a suit if he didn't have the sponsorship of the syndicate...Goes to show you how desperate the syndicate is if Leisman is the best shill they can get to bark for them.
Where's Uncle Warren? He's always looking to give governments wealth. This is a perfect stage to show us primitives how to act. Maybe an announcement from Omaha tomorrow.
What a knee slapper!
I wonder what these guys will say and do when the game of musical chairs stops and they find out there aren't any chairs........
Let's be honest here. Europe is a mess BECAUSE of the US and honestly they should be 100% liable to repair the damage they caused.
What a complete load of shit.
Europe is a mess because much of it chose to live beyond their means for years and they are just barely decentralized enough to prevent the same can kicking the US has done.
2 to 3 trillion he says?!? That's it?!? Let me count here, I've got 5 bucks, 6, almost 7 ... With those pennies it should be like 7.10 at least... We are getting there...
I knew this day was coming when Liesman got Botox'ed.
LIEsman is funny.
But looks aren't everything.
Fuck you Leisman. You are nothing more then a communist shill for Commrades Obama and Krugman. Your Keynsian/Marxist ilk got us into this mess, and we should hold YOU responsible for paying China back.
The US IS BROKE. We have a higher debt/GDP ratio then Europe as a whole. We are running $1.5 trillion deficits - which are really $5 trillion if the US government had to follow SEC rules. We are going down the same path as Europe and our only hope is to cut spending and accept our own austerity (which will be as painful as what you see in the Periphery of Europe).
We need to stop making contributions to the IMF/World Bank and demand the return of our share of their gold and other assets. We need to pull our millitary back within the US borders and quit the UN. We need to cut all humanitarian and millitary aid to foriegn countries. At least until we get our debt/GDP back under 90%.
All of this debt you Keynsians created over the last 30 years ISN'T real wealth. A bunch of global Oligarchs lent money to a bunch of corrupt poloticians that they used to buy votes to get reelected. Make no mistake - those corrupt politicians can't pay you back AND THIS IS NOT OUR DEBT.
The only JUST solution is to tell the oligarchs that they are stupid for lending money to corrupt politicians and communists. Accept defaults in every country weith Debt/GDP >50% and pay the oligarchs $0.25 on the dollar - which is more then they deserve for being so stupid.
But no - the appologists for TPTB want to bribe poloticians to eiather sell their citizens into slavery to payback the Oligarchs or inflate away the debt. Both of these solutions are bailouts to the Oligarchs that lent money to corrupt politicians and communists. WE THE PEOPLE DIDNOT BORROW A DIME. I did not co-sign a single loan document. Stealing my money through higher taxes or through inflation to pay back the Oligarchs is BULLSHIT.
I hope Santelli slits your throat while you sleep.
Fuck them, the US has bailed their ass out post WWII . Not again!! The CNBC idiots, well , fuck them too.
Liesman is a fucking idiot; anybody that gives this clown one shred of credibility should be shot. All he is good for is licking the Bernanks ass whenever he gets the chance. But I love watching him and Santelli because Rick is always so close to bursting a blood vessel in his head within 10 seconds of Liesman opening his mouth. Seriously, I don't know how Rick deals with this dickhead.
http://vegasxau.blogspot.com
Okay, I'm feeling it. Here is the deal, we bail out Europe and in exchange Europe buys our Treasuries.
Are you feeling me maaaaaaan!
Been clear for a while that the top 3% or so clearly would like to see bailouts by everyone for everyone for as long as it takes as this group is retiring and needs people to water and tend the greens at the local country club...this is the only agenda at this point and it is getting tiresome
Friggin bald people! Not a one worth a bucket of spit. Everybody's all over the Greeks, trav7777 had it in for black people, and half this board has a thing for the Jews, but everybody is missing the big picture. It's plain as the shine on the top of Liesman's head....and Bernanke's....and Hank Paulson.....and Jerry Brown.....and Donald Trump. Damn I hate bald people.
Ok,OK Cosimo I'll stop shaving my ass - count to 10 and think of hair.
http://vegasxau.blogdspot.com
Do they all practice ca-bald-da?
Is it a centuries long conspiracy?
Tell me more father...
You sound stupid enough to actually be Steve Liesman.
And apparently subtlety, rather than a sledgehammer, puts understanding out of reach for you.
Perhaps you will go back and read the typical Zerohedge comments screed, including this one. With time, the point might become clear.
"He's a Jooooooooooooooooooo!"
I hope Liesman didn't listen to Benmosche yesterday --- I'd like him to retire immediately
That awkward moment when you realize that these people are serious.
It isn't enough money.
Eat glass Stevo. POS
I propose taking Liesman and every other person in this pit of Communism that wants to print more money to save socialism from socialism needs to be taken and put on their knees and have their fukin brains blown out....the world does not run on socialism...It runs despite it...Why do the Warren Buffets of the world think their paper wealth should be saved from what is about to happen? I say let's let dog eat dog and we will see real quick who has virture and who is a parasite....The herd needs thinning from time to time and that time is quickly approaching.
"If I had a nickel for everytime I heard them say something stupid, I would have a sockful of nickels to beat the shit out of them."
Speaking of debt...
We owe a debt of gratitude to Mr. Liesman.
Now we all know what unicorn farts smell like.
Thanks Steve.
Stop the hatred! He's an MSM professional and they're right about everything.
Billion has 9 zeros
Trillion has 12 zeros
Quadrillion has 15 zeros
Quintillion has 18 zeros
Sextillion has 21 zeros
Septillion has 24 zeros
Octillion has 27 zeros
Nonillion has 30 zeros
Decillion has 33 zeros
Undecillion has 36 zeros
Duodecillion has 39 zeros
Tredecillion has 42 zeros
Quattuordecillion has 45 zeros
Quindecillion has 48 zeros
Sexdecillion has 51 zeros
Septendecillion has 54 zeros
Octodecillion has 57 zeros
Novemdecillion has 60 zeros
Vigintillion has 63 zeros
Googol has 100 zeros.
Centillion has 303 zeros (except in Britain, where it has 600 zeros)
Googolplex has a googol of zeros
Ie., there's only five months to the day until His Unholy Unctuousness must be reelected, so let's put all of America on the slab to be slaughtered so that markets will look good long enough to accomplish that task, following which we will sink the entire Western world into the dark abyss of the debt black hole.
See, I think more like Tyler Durden with every day that passes.
Calamity is certainty. Plan and prepare accordingly!
Steve Liesman's job on CNBC:
1. Call up someone you know at the Fed.
2. Ask what the Fed is doing to "solve" the "crisis of the day".
3. Take copious notes and ask no questions.
4. Go on CNBC and spout off how the Fed is saving the U.S. (and could save Europe to boot).
5. Rinse, repeat.
Absolute garbage, no matter how many times he says it.
liesman is a stupid cunt
Look at that stupid smirk on that bankster shill's face. The guy smiles and no teeth show.
I'd love to see someone bury a pickaxe in the middle of his round bald head.
Hey Steve!
How about I create a large battle axe and cut you in half with it?
If he thinks it's such a wonderful idea, HE should put in the first million...how about it, Steve???!!!
"The US should lead the world in creating a large pot of money available to the Europeans to recapitalize their banks. A $2 or $3 trillion fund should get the market’s attention."
And that is exactly what will happen, if the ECB does not cave in. Someone will have to PRINT.
It already happened once.
there ain't no money
If we're going to create a pot of money, just like that, why not create two or three of them? An an extra one for me, so I can buy up all the gold and silver before the money pots turn into chamber pots.
It occurs to me there is advantage in being the first to fail, as with any ponzi, those who are last in line don't get paid. Sadly, it looks like europe may go first, and helicopter ben will once again be debasing our currency.
"just wish it was all back to where it was a decade ago, where everyone lived in perpetual bliss and stupidity."
hahaha, these people apparently don't understand non-isentropic processes. i.e. entropy increases over time in any closed system i.e. you can't put the tooth paste back in the tube. Therefore, the only way to go is forward wherever the path may lead.
The US would actually prefer :
Greece to be 'let go'
Portugal to be 'let go'
Spain to be 'let go'
Italy to be 'let go'
Belgium to be 'let go'
France to be 'let go'
... because then when the US 'decides' it can't repay the 16 trill it owes it won't look anywhere near as bad as it would do if no-one in Europe had ended up defaulting after all.
Neolibs seeking to keep their bankster buddies happy. Crony capitalism has unlimited funds for banks. The sheeple, however, will have to adapt to being the labor units they have become on the global stage. Maintenance costs will be cut on the unproductive labor units, and loss of weaker units is to be expected. In any case the corporate kings who pull the strings will be propped up until it all collapses.
Argh.
Steve Liesman is so goddamned stupid I can't bear listening to him. Is there anyone at CNBC with any sense? Why don't they shitcan that imbecile?
Steve Liesman, as stupid a shill as money can buy.
Steve Liesman- quite possibly the most stupid human being ever born...
in fact, he's not human - he has to have some throwback Homo Retardicus gene that governs his thinking.
poor guy, he is doing the best thing! by suggesting to bail out EU he is giving the impression that the US could do this... Reassuring people that US is not bankrupt with the trillions of debt but instead the saver of the world!
You should give a big reward to this guy...
"The US should lead the world..." - OK. You have a deal. We give you this money and bail your sorry keisters out and you admit once and for all that the US leads the world. All European countries that sign up for this give up any hope of sovreignty and become the multiple additional states of the United States of the Western World. The North American Combine wins... game, set, match. Oh wait, you just want someone elses money to spend while keeping things running as they are? Go take a flying leap. Silly Socialists, "coffee is for closers".
"Silly Socialists"
...the one's in Europe or the one's in North America? ...or S. America, or Asia, or Australasia, or Africa, or...well, Antarctica is still socialist-free!
I have a modest proposal for Steve LiesMan:
Step One: Swim out into the Ocean
...that is all.
Some one needs to take a two by four and spank Lies-man up side that bald noggin...
and keep spankin' him until that bald noggin cracks... or Lies-man STFU which ever come first...
Lies-man is the stupidest bald fuck to come along, since... since...
[ ] Corzine...
No,
[ ] The Bernank...
You decide...
Heres a message from Portugal to this stupid north americans wich i honestly believe have to much fat on their brains to get the big picture.
EUROPA doesnt want and need help from anyone ... READ AND LEARN:
EUROPA its creating a worldwide financial crisis to end the world currency reserve status from USA... This is a war...USA start this war... EUROPA will win when USA loses the world currency reserve status...thats the point of all this crisis.
Currency war on track from Europa ...check.
North american economy going down the toilet ...check.
QE3 in the next 60 days ...check.
Which explains why European money is buying up US treasuries hand over fist for safety. I sure as hell don't see a flight to safety to Portuguese bonds so you may want to refactor your game plan there, bucko. "If you go into the bathroom American and come out of the bathroom Russian, what are you in the bathroom? European."
Dear Steve Liesman.
Not only do I hate you but you clearly s00k Paul Krugman's furry little coq.
But you also probably think Corzine is innocent and Jamie Dimon did nothing wrong for letting a trader mismark his book. And it's ok for Boaz Weinstein to hire a JP Morgan insider so he can shoot at Dimon's positions.
Sincerely,
I wish I was able to live by a different set of liberal NY Times endorsed rules.
c'est la guerre!
US: Take this money, or I'll fucking kill ya.
Europe: Why should I take your electronic money?
US: To pay back your debts to our banks.
Europe: riiiiiight.
Occupy movement: psst. debt jubilee. Fuck the bankers. Let's go, black swans!
Steve Liesman has got to be the stupidest person on television today.
What's with this "WE" shit? How about Europe bail US out? I don't watch CNBC, simple really. Thanx to Zero Hedge for keeping us up to speed on their buffoonery..... Normally, I'm too scared to look at MSM television.
How about the 1 percent bail out America. Now thats a better idea. Then maybe the government can throw them in jail for a few years for speculating, and then let them out. After all they did save our country right?
Hasn't the Fed already quietly handed out trillions to European banks? We've given those fuckers enough.
Holy fuck, how is it that you can be so wrong and just keep getting more air time?
Scene 1
location: pre taping studio Q-e 14
director: you know steve we really liked your piece on how jobs are coming back to america last week, what do you say if ahhhhh, we continue on that by leading the call on a US led bailout for europe?
Steve: yes sir- say when is craft services going to refill the Marconi salad, I would like to take some home tonite for the wife. you know something special.
Director: No problem, I will have someone give it to you in wardrobe after you change out of our suit.
Director: lets make some filler!
(the shit that happens between commercials)
Liesman, go piss in the wind with YOUR $$$; you and anyone else who "all this isn't working for" them. Die Goetterdaemmerung der Euro works for me, and in long run everyone, even YOUR Soviet ass.
i can't think of anyone on the TV who is a bigger dickhead than this guy
Liesman is a douchebag.
Once in a while , just as a joke, I will post the suggestion that the federal government bail out the housing industry by guaranteeing all housing prices for the purchase price or the value in 2006, whichever is higher. I thought no one could top this on the ridiculous scale. however, along come Steverino and beats me hands down and he's not joking! I concede defeat Steve.
We should promote Bloomberg if nothing else just to sink those Douchebags at CNBC starting with the LIES MAN , probably Bernanke's Bitch from time to time.....
Unbelievable, every day something new that confirms what we've all been saying for years now, just in the last few days:
-first the cunt from the IMF that doesn't pay taxes, barking that we should all pay our dues
- Then the AIG guy suggestng retirement at 80, while enjoying his 5 star meal courtesy of Bernanke...
- then the What chamacalls and Thingamajigs from the oval office guy speaking to the public as if we were 4 year olds so he can get re-elected,
and then the Lies-man with his idiotic comments
I wonder what Tomorrow will bring..........no wonder we are screwed!! This thing is now approaching WARP speed!!!!
But in all seriouness, I went long Today as my indicators are flashing buy on the commodities index.......PRINT they will!!!
Gold's already out of the gate!!
I just realized these public statements come from top representatives from:
- Supranational Financial Institutions
- Major Finnancial Institutions
- Government by non other than the largest government in the
Solar system
- And the financial media from the largest buinsess network on
the planet
Something is definitely not right for the believers that thiings are going to be OK......