• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Summarizing The Sheer Chaos In Europe: 9 Meetings In 5 Days

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Sun, 10/23/2011 - 14:46 | 1802338 Fips_OnTheSpot
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Sun, 10/23/2011 - 15:04 | 1802378 midtowng
midtowng's picture

Any counselor will tell you that the most important thing in a relationship is communication. </snark>

Sun, 10/23/2011 - 17:46 | 1802732 bernorange
bernorange's picture

I heard that the meetings went like this:  http://www.youtube.com/watch?v=OdKa9bXVinE

Sun, 10/23/2011 - 15:20 | 1802415 vast-dom
vast-dom's picture

Well enough to prepare for: a) CRASH b) CRASH c) CRASH

Sun, 10/23/2011 - 16:09 | 1802502 slaughterer
slaughterer's picture

ZH and its catering to doomer redneck goldbugs has gone too far. Look at what CNBC are saying: "Euro zone talks are progressing well on banks and the European Financial Stability Fund, and progress is also being made on Greece, French President Nicolas Sarkozy told a press conference on Sunday."  EUR/USD to 1.50  ///SARC.  WHY IS THERE SUCH A FUCKING CLUENESSNESS IN THE MSM THI WEEKEN ON THE EURO SUMMIT!!!  WHY IS ZH THE ONLY RELIABLE AUTHORITY ON THE EU CLUSTERFUCK????? ARE ALL EURO SHORTS ABOUT TO TAKE IT UP THE BUNGA HOLE WITHOUT K-Y AS THE MSM PROMISES A TOTAL SOLUTION BY WEDNESDAY?   A TOTAL FARCE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Sun, 10/23/2011 - 16:24 | 1802528 ISEEIT
ISEEIT's picture

Funny.Go long young man. go long.


Shoot the moon! This game will go on indefinitely.

Thanks to president obama pretend is now real!

All americans should be grateful for his wise and courageous leadership?

Mon, 10/24/2011 - 03:51 | 1803607 Overflow-admin
Overflow-admin's picture

Yes this is a farce. This is why we must all dress up and go for the show!

Show is scheduled to start on 5th november.

We are Anonymous. We are Legion
We never forgive. We never forget.
Expect us.

Sun, 10/23/2011 - 14:54 | 1802342 GeneMarchbanks
GeneMarchbanks's picture

France vs Germany. That's what it boils down to. French plan: can kick with EFSF then when we're called out by the market, monetize the shit out somebody's ass. Germany: "No, we can't do that, been there done that." So what do propose? "Um... er..."

Sun, 10/23/2011 - 15:25 | 1802423 AbelCatalyst
AbelCatalyst's picture

Obvious choice: Germany returns to the Mark. The sooner they do it the better off for them... The longer they wait, the more uncertainty, and the more difficult the divorce. My guess is an announcement comes in weeks or days...

Sun, 10/23/2011 - 15:33 | 1802440 GeneMarchbanks
GeneMarchbanks's picture

Contrarian indicator?


My understanding is that the German people welcome it according to polls... any Germans care to comment?

Sun, 10/23/2011 - 15:45 | 1802461 Black Forest
Black Forest's picture

any Germans care to comment?

I do. My raw estimate: 40% are pro DEM, 40% are pro EUR, 20% don't care. The current pro-DEM position is much stronger than, say, two years ago and continuously (though slightly) increasing. The younger the people, the more pro EUR they are.


Sun, 10/23/2011 - 16:18 | 1802517 schadenfreude
schadenfreude's picture

What Germans in general think is not important. Germans follow MSM, so if Merkel wants to sell germans to buy into EURO, they buy it. All sheeples and lemmings

Sun, 10/23/2011 - 23:00 | 1803292 Rynak
Rynak's picture

I have no idea in which "germany" black forest is living.

A little history of the EUR, regarding germans:

1. Right before EMU creation: "Ah, yes, we are all one big europe instead of just small countries - now we also get to be like the big boys"

2. Immediatelly after EUR introduction: "WTF is this! Raaaage! We want the D-Mark back!"

3. 2-3 Years of demonstrations and euro-bashing by the media follow. A critical mass however isn't reached. German mentality being conformist, the accept their fate.

4. EMU starts to implode - people go like "Err, wtf? Now even the 'one strong big europe' is untrue, and we are supposed to pay for this neverending crisis?"

Result? Well, after the introduction of the EUR, the majority of germans never really *prefered* it.... they simply tolerated it, and felt unsure about what would happen if the D-Mark comes back. A bit like "If we return to the D-Mark, does then europe stop to exist"? (lol).

So, the current overall sentiment, isn't just NOT pro-EUR.... it actually is pro D-Mark, with the only thing restraining people being:

1. Uncertainity about what then happens to europe.

2. They haven't felt the costs of the current bailout-orgy yet.

#2 is the dealbreaker. The issue is: Germans have paid an extremely high price in livestandard reduction for the EMU, and they are now at a point, where they are just barely restrained. As soon as they even just slightly feel the price for kicking the can, you'll get the german version of the riot-cam.

So, german sentiment: Pro-europe, euro-sceptic, and foam around the mouth

Sun, 10/23/2011 - 16:30 | 1802544 ISEEIT
ISEEIT's picture

Won't happen as a political decision. Not by a 'leader'. The EURO project is globalist and no single politician will take that bullet.

Much violence to come, and until it is rampant within Germany the globalist will maintain the upper hand

Sun, 10/23/2011 - 14:49 | 1802344 danger close here
danger close here's picture

Should see 1250 on es real soon. It's a free market after all. /sarc

Sun, 10/23/2011 - 15:06 | 1802384 rocker
rocker's picture

Three months ago some bitch was on CNBC and said the same thing.

Her words, The market will go to 1250 because the HFTs like to push things to extremes.

Then we should have a correction. This was before the drop to 1101.  Interesting.

I got PMs bought long ago and 100% Cash. Screw them and their manipulated bullshit.  

Sun, 10/23/2011 - 16:17 | 1802515 LawsofPhysics
LawsofPhysics's picture

If it really is all HFT folks and a wave of inflation is coming, why wouldn't you expect the damn thing to go to 1400 and beyond.  This is sort of like greek 1 year bonds yielding 160%.  God only knows how high the paper markets will go at this point.

On paper everything will look great.  Sort of like the weatherman telling you it is a sunny day right before you walk out into reality and find yourself in a shitstorm.


Sun, 10/23/2011 - 16:37 | 1802562 ZeroPower
ZeroPower's picture

Wow, some cash in PMs and still manage to be 100%? Impressive, far better than everyone elses record of buying truckloads of gold on dips and NONE like most of the sheep from 1700++

Sun, 10/23/2011 - 14:50 | 1802347 Scoted
Scoted's picture


Sun, 10/23/2011 - 14:50 | 1802349 X.inf.capt
X.inf.capt's picture

the re- set starts in 5,4,3....

o.k. can we get this over with, please...

Sun, 10/23/2011 - 15:24 | 1802421 toady
toady's picture

It is amazing how long they have delayed. Can they delay longer? I would think not, given that even the rubes are aware now.

The only thing left is normalcy bias. Too many people just can't believe we are fucked!

Sun, 10/23/2011 - 15:32 | 1802431 X.inf.capt
X.inf.capt's picture

well, if the tea leaves are correct

this week...

there about to get a wake up call 

in the form that would make a infantry drill sergeant proud....


Sun, 10/23/2011 - 14:51 | 1802350 Belarus
Belarus's picture

I think this is article is ahead of itself by a month or two, but we'll see on Wednesday. The market will be believe any bullshit, even underplanned plans so long as they hold things up until tomorrow to tomorrow to tomorrow, and that is precisely what we get on the 26th. Plans to stave things off, if even for just another day, two, or month or two. 

I'm convinced at this point: we won't see a 15% downtick day....we'll see it slowly unravel, then fast. Plan accordingly.

Sun, 10/23/2011 - 14:57 | 1802362 knukles
knukles's picture

What, pray tell, are these continual references to Wednesday?

Sun, 10/23/2011 - 15:10 | 1802385 X.inf.capt
X.inf.capt's picture

hey, knuckles..

this is what ive heard...

reinhardt, the same guy who called the 2008 collapse, to the DAY, is saying the same thing is going down weds. the 26th...

maybe its going down....maybe not...

hope that answers it for you....

Sun, 10/23/2011 - 16:31 | 1802548 winter is coming
winter is coming's picture

who is this guy? you have a link?

Sun, 10/23/2011 - 16:57 | 1802578 X.inf.capt
X.inf.capt's picture

from what ive seen...

its on wordpress...

subscription only...

but, yeah, he seems to be spot on...

no joke...

p.s. his other website is enterpisecorruption.com for non subscribers...

hopefully it'll help

Sun, 10/23/2011 - 19:32 | 1802935 Zero Hero
Zero Hero's picture

p.s. his other website is enterpisecorruption.com for non subscribers...

Mistyped - Should be www.enterprisecorruption.com

Sun, 10/23/2011 - 19:48 | 1802967 X.inf.capt
X.inf.capt's picture

sorry, bro...

my bad...

Sun, 10/23/2011 - 17:44 | 1802725 knukles
knukles's picture

Ah hah!  Many thanks, Captain.

Sun, 10/23/2011 - 17:49 | 1802742 X.inf.capt
X.inf.capt's picture

anytime, bro...

happy troll hunting...

Sun, 10/23/2011 - 17:58 | 1802766 knukles
knukles's picture


Sun, 10/23/2011 - 15:11 | 1802391 Smithovsky
Smithovsky's picture

It's Rebecca Black's new single, haven't you heard?

Sarkozy's new favorite.

Sun, 10/23/2011 - 15:27 | 1802427 malikai
malikai's picture

That's probably the best reason for a market crash to date. Gives me an idea for correlating down days with pop music releases.

Sun, 10/23/2011 - 17:33 | 1802695 machineh
machineh's picture

'What, pray tell, are these continual references to Wednesday?'

Wednesday, good sir, is the day after next Tuesday, when I shall pay you for the hamburger you so generously served to me today.


Sun, 10/23/2011 - 14:51 | 1802352 CClarity
CClarity's picture

But all these meetings must be creating some economic activity.  Maybe this is their anti-austerity medicine.  

Sun, 10/23/2011 - 17:00 | 1802595 toady
toady's picture

I'm sure the buffets alone create billions in economic activity.

Sun, 10/23/2011 - 14:52 | 1802353 LookingWithAmazement
LookingWithAmazement's picture

"World power swings back to America" --- Forget crisis, collapse, weltdown, Armageddon: the US will rise again, like a Phoenix. AEP tells it all.

So these blogs can be shut down:

Not only the euro will survive, the $$ too, as well the economy. Told you soooooo. Really, no worries, just look at the future. Merry Christmas. Boring world we live in.

Sun, 10/23/2011 - 15:03 | 1802376 Black Forest
Black Forest's picture

World power swings back to America

I think so. Just a matter of time. Ten, twenty years.

Sun, 10/23/2011 - 15:37 | 1802443 LeBalance
LeBalance's picture

Who owns "America?"

Nationalism, what a trite conceit.

Other interesting things are:

Standard of living

Value of the dollar



International chaos


Environmental Glow


Sun, 10/23/2011 - 16:09 | 1802498 falak pema
falak pema's picture

will this allow the banks to pay back their debt. Will Mary Magdalene reappear. Will frak gas be so good that it doesn't blow up manhattan? Merry xmas indeed!

Sun, 10/23/2011 - 16:21 | 1802525 LawsofPhysics
LawsofPhysics's picture

Yes, I saw that article too. Many, many comparison were made to Japan in the 1980's  Sure buddy, and how much has the Japanese market returned over the last 20 years?  Winning!

Boring world indeed.  I'll take the contrarian play and expect an exciting world over the next 20 years with conflicts in all kinds of places that you never would have expected it.

Sun, 10/23/2011 - 17:00 | 1802594 Thorny Xi
Thorny Xi's picture

AEP doesn't have it right on US oil import/consumption.  Imports are nearly 60% now.  20 years ago it was more like 30%.  We produce slightly more than we did in the 80's, but use a LOT more. 

Sun, 10/23/2011 - 22:02 | 1803178 sschu
sschu's picture

AEP may have it right on the oil thing and labor costs ... maybe.

Our problems go far deeper than labor costs, however.  Our medcial care is too expensive, we have too many lawyers and we still borrow $1.6T / year at a federal level.  

His article mentioned none of these issues.



Sun, 10/23/2011 - 14:59 | 1802355 bob_dabolina
bob_dabolina's picture

They agree to disagree

They agree something needs to be done but can't agree on who will pay or when. 

The only thing left to do is downgrade anything AAA. This way we live in AA world, who's wiser to the difference (kind of like what we did with our standarized tests) Manage the expectation by lowering the standard...it's the American way

Sun, 10/23/2011 - 14:53 | 1802356 Absalon
Absalon's picture

The United States has its own suicide pact in the form of the super committee.

Sun, 10/23/2011 - 14:59 | 1802367 Everyman
Everyman's picture

BTW, when is the date of the "automatic cuts"??  I thought it was in November, is that correct?

Sun, 10/23/2011 - 15:07 | 1802387 cossack55
cossack55's picture

Doesn't matter. They will just legislate around it, i.e., change the rules again.  The game goes on.  Like an endless Monopoly game at 4 AM and there is no beer left.  Misery.

Sun, 10/23/2011 - 16:55 | 1802587 daily bread
daily bread's picture

My understanding is the "automatic cuts" come into play Jan 2013 (NOTE -- after the next election).  But you will never see those.  As the previous poster said, there's 15 months for CON-gress to pass another law that vaporizes the automatic-ness, or at least exempts sacred cows.

Sun, 10/23/2011 - 15:00 | 1802370 knukles
knukles's picture

We could always send our Super Committee to Europe to help out as a Grand Gesture of International Good Will Demonstration of the Effacicy of the New World Order Size is Better Maximus Leviathianus.

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