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Summarizing Italy's Catastrophic Predicament In 15 Simple Bullet Points

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Thu, 08/04/2011 - 18:12 | 1524894 Careless Whisper
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bullet point 16:

* Jersey Shore season 4


Thu, 08/04/2011 - 21:36 | 1525291 disabledvet
Sat, 08/06/2011 - 11:13 | 1530348 HCSKnight
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Sardonic sagacity.  Well played sir.

Sat, 08/06/2011 - 11:12 | 1530349 HCSKnight
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Sardonic sagacity.  Well played sir.

Thu, 08/04/2011 - 18:12 | 1524896 FinalCollapse
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In 2011, they planned to issue debt of around 360B euros, which is $500B ??? Since their GDP is around $2T, this means that they planned issuance of 25% of their GDP. If this is true, they are fucked royally, and their debt/GDP ratio goes to moon, and they can join Greece on the beach.

Thu, 08/04/2011 - 18:17 | 1524903 gratefultraveller
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Texted my son living in Italy to draw down as much cash as he could from his account at the local coop bank, both before and after midnight, just in case - with the low interest the banks pay on cash deposits it doesn't make any difference if you keep the money at home anyhow. Better safe then sorry...

Thu, 08/04/2011 - 18:19 | 1524911 Row Well Number 41
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What happens when you drive a Fiat into a brick wall?


Thu, 08/04/2011 - 19:58 | 1525052 New_Meat
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Never could figure out how to start mine.  - Ned

Thu, 08/04/2011 - 21:08 | 1525221 Floordawg
Floordawg's picture

Fuckin' Italian Atempt at Transportation!

Thu, 08/04/2011 - 23:31 | 1525568 ViewfromUnderth...
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Fix It Again Tony...

Loved 'em...Bambino 500 w/sunroof, 128 w/ sandbag in front (still went off the road twice in front wheel skids), then Alfas x 3..."itsa sleevas again" headgaskets galore!

and my Jeep Liberty engine blew at 48,000mi...I think it's me.

Merc. No more.

Thu, 08/04/2011 - 18:17 | 1524912 buzzsaw99
buzzsaw99's picture

There may be a few who don't want to roll their IT-bills this fall. lulz

Thu, 08/04/2011 - 18:25 | 1524918 CrashisOptimistic
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Additional bullet point:

Country has a history of suicidally backstabbing the only source of oil that its refineries can handle.

Fri, 08/05/2011 - 03:01 | 1525865 Ghordius
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Of all the slanted views - this is the worst! Hey, so Italy is singlehandedly "suicidally backstabbing the only source of oil..." - hello? Who is having a small little bombing party in Africa?

Blood is in the water, the big boyz are circling the whale - TBTF Banks show their Killer Whale face. But it is not over. This is just the start and I'm not so sure as ZH about how it is going to end.

Those mountains of italian Debt are concentrated in Italy and France - the TBTF "reverse marketing" is a CDS operation which could just go the other way.

The truth is that the TBTF banks have received additional liquidity for their casino and they are betting on everything to just fix their balance sheets and build up their beloved bonuses. This is a sideshow which could just dry up. Wait for ZH articles about how the European Sovereigns "fight back with dirty, unfair and unconventional means". :-)

Fri, 08/05/2011 - 02:48 | 1525874 Ghordius
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Additional "bullet point": Italy has a balanced budged and is mired for austerity - which is a "dirty word" for bankster, I know. Still, it's a good oldfashioned sign for a debtor.

Thu, 08/04/2011 - 18:26 | 1524921 walküre
walküre's picture

Bank Run rumors are silly.

Everyone knows that banks are closed now in Italy.

Tomorrow is a holiday in Italy. The holy day of the debt free virgin or something.

Thu, 08/04/2011 - 19:50 | 1525046 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Run little boys! The priest will have the day off.

Thu, 08/04/2011 - 21:48 | 1525324 Terminus C
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Bank machines bitchez!

Fri, 08/05/2011 - 00:12 | 1525679 scratch_and_sniff
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I dont know about a holiday, but there will be a few prayers said today for sure.

Thu, 08/04/2011 - 18:34 | 1524935 bogbrush
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Methadrine would be preferable to Methadone if you were planning on rampage (or any kind of activity actually...)

Thu, 08/04/2011 - 18:33 | 1524939 janus
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Thu, 08/04/2011 - 18:44 | 1524955 janus
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Mr. Durden,

I'm not shittin you.  At the opening of the NBC evening news, just now, they plastered your avatar right smack-dab in the middle of the screen for quite a bit.  You just went big time, chief...or should we say that the old kings are tipping the hat to the new?

I salute you, my liege.

oh when the saints/

come marchin in/

oh when the saints come marchin in/

oh i want to be in that number/

when the saints come marchin in,


Thu, 08/04/2011 - 19:10 | 1524995 Careless Whisper
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Why are you wasting your time watching NBC Nightly News?

Thu, 08/04/2011 - 19:19 | 1525018 janus
janus's picture

sometimes i watch maury...you ARE the father, bitchez!

But i haven't had cable TV in over a decade; so i only see the rest when i'm on the road

when you make a study of humanity, it's important to take a fully-orbed view, my man.

PS, I like your name,, Careless Whisper -- cause Truth doesn't make a noise.


Thu, 08/04/2011 - 20:04 | 1525062 New_Meat
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yanus-ZH went big-time a long time ago.  Certainly before Ableson cited Tyler and gang in Barrons, that has a) a hell of a bigger audience and, (well. prrospectively) a more aware audience.

I guess you are among the 89 viewers ;-)

- Ned

{OT, I'm testing formatting <ol> this is a test </ol> end test.}

{{ed. didn't work, the fricken overstrke doesn't work for me, does show in the comment window, but not in the final my karma I guess}}

Thu, 08/04/2011 - 20:08 | 1525084 New_Meat
New_Meat's picture


Thu, 08/04/2011 - 20:17 | 1525107 nonclaim
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Thu, 08/04/2011 - 21:24 | 1525262 Freddie
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This is why Obama is running so many 2012 banners on ZH.

Thu, 08/04/2011 - 19:21 | 1525017 buzzsaw99
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Thu, 08/04/2011 - 19:22 | 1525024 janus
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Thu, 08/04/2011 - 20:07 | 1525080 smlbizman
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i really do not want to share my hedge....if you were to fuckin stupid, and you know who you are, to follow the hedge when everything appeared rosy...please don't get on my bus now, ....i knew the day would come when the hedge became mainstream, and the tylers deserve everybit of admiration and financial rewards they get...but for us this is the worst thing that could happen...

Thu, 08/04/2011 - 21:05 | 1525161 vast-dom
vast-dom's picture

You meant "too fucking stupid", stupid.


And is Tyler on teevee 'cause he and Graham know where to get $350/oz gold? Because allow me to give you some unsoliticted advice Ty - and let me qualify it by saying i am an avid follower of ZH - that these glitches and guest posts really do cheapen the cause. 


But WTF do i know? I can't get me no $350/oz of gold and I ain't met no leprechauns either.


Thu, 08/04/2011 - 20:15 | 1525110 Boston
Thu, 08/04/2011 - 23:33 | 1525570 CompassionateFascist
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Limbaugh, who has 20 million listeners/wk, mentioned Zerohedge as "the" go-to economic site a while back and is a regular reader.

Thu, 08/04/2011 - 18:40 | 1524950 wang (not verified)
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NBC Nightly News 

did not mention by name but showed the Happy Birthday Mr. President headline along with Tylers Mug



Thu, 08/04/2011 - 18:53 | 1524968 Atomizer
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Ditto. Congratutions Tyler. It was hit & miss for me getting on your site today. How much do you need from each of us to upgrade your server? Not joking, give us a number. I'll send you my share.

Thu, 08/04/2011 - 19:05 | 1524987 hedgeless_horseman
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Why anybody would watch television, especially network news, in 2011 is beyond my limited intelligence.

Tonight, I am taking my family to an outdoor production of Othello.  The kids need to learn more about racism, lies, and murder.

Thu, 08/04/2011 - 19:14 | 1525002 TJ00
TJ00's picture

Racism, lies and murder? Watch the politicians on TV, they are great at all three!

Thu, 08/04/2011 - 19:15 | 1525006 janus
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not that i'm not jealous...othello outdoors is othello outdoors, afterall.

but outdoors in the big H in august? 

it's vital to watch; how else will we know what to deprogramm?

Thu, 08/04/2011 - 21:23 | 1525260 wang (not verified)
wang's picture

Have the kids read ZH they will learn just about everything they need to know

as for network television, it's flirting with the darkside, risky but necessary

Thu, 08/04/2011 - 21:31 | 1525283 Freddie
Freddie's picture

TV is for suckers and sheep.  Comcast, Direct TV and Dish or any of them will never get a nickel from me.

I watched the NBC/Comcast/GE/Al Waleed/Obama network video and they interview two Obama types in chicago. One a liberal white woman, the other was a fat young black man hipster.   You two voted for the Hope and Change fvkkers.

Maria looks older and skankier than 87 year old Sophia Loren.  She should get a gig on Jersey Shore with cookie or stookie or whatever.

Thu, 08/04/2011 - 22:55 | 1525483 scatterbrains
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I'd give you a few dollars for a dish... trying to build a solar cooker.

Thu, 08/04/2011 - 23:35 | 1525583 CompassionateFascist
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"Dark rams...and white Ewes".  Will shoulda called 'em...Mudsharks.

Thu, 08/04/2011 - 23:03 | 1525511 sagerxx
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Indeed:  I salute TD/ZH and have much gratitude for all I learn here.  Well-deserved notoriety has finally arrived. On the flip -- damnit, I *hate* when the Philistines catch on.  When does the new, double-secret ZH site go live (so we can escape the oncoming Philistines)? On the Busted Server Tip:  just made my first donation.  The Server Is Dead...Long Live The Server!!!!  (So I can reliably get on ZH on days like today...) Viva -- Sager
Thu, 08/04/2011 - 19:12 | 1524997 MsCreant
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I saw that headline and wondered if someone would stick that shit in the president's face.


Thu, 08/04/2011 - 20:05 | 1525072 New_Meat
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Hey, Ms--good to see you around these parts ;-) - Ned

Thu, 08/04/2011 - 20:43 | 1525164 janus
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Army Strong, MsCreant?

Sat, 08/06/2011 - 13:31 | 1530949 MsCreant
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My husband was a low level spy in the service so I can't help it.

Thu, 08/04/2011 - 18:55 | 1524970 ReallySparky
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All I can say is hit the Donate Button, where else can you get news like this??????????  Pony Up you free loaders!

Thu, 08/04/2011 - 19:02 | 1524983 Atomizer
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Settle down sparky. I know operating without a budget is the new Obamanomics norm. If Tyler needs X amount of money to upgrade, then we understand his expense needs and can donate accordingly.


Thu, 08/04/2011 - 19:41 | 1525030 Bastiat
Bastiat's picture

Put up one of those fundraiser thermometer thingies and we'll blow the top off it in days!

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