The "Sunday Bazooka" Dud: Complete European Council (Lack Of) Conclusions... And Libya Scapegoating

Tyler Durden's picture

Remember this from Sarkozy on Wednesday: "If there isn't a solution by Sunday, everything is going to collapse." Well, judging by the "conclusions" just released by the European Council, everything is about to collapse, because the only "solution" reached is the following: "The death of Muammar Gaddafi marks the end of an era of despotism and repression from which the Libyan people have suffered for too long. Today Libya can turn a page in its history, pursue national reconciliation, and embrace a new democratic future." This is a statement written by the Golum on the left in the picture below.

But at least everything else is taken care of:

Determined action is necessary to maintain financial stability, restore confidence and support growth and job creation. The G20 should approve an ambitious action plan containing specific commitments and measures from all G20 countries to respond to the  serious challenges emanating from the current economic slowdown and to ensure strong, sustainable and balanced growth while implementing credible fiscal consolidation

But, but, didn't the G20 itself say eight days ago, "in unusually direct language, say they expected an October 23 European Union summit to "decisively address the current challenges through a comprehensive plan"."

So the latest plan to avoid doing anything is to keep throwing the live grande between the EU, the Council, the G20 and the IMF with hopes it explaodes in someone else's hands?


Below is all we are going to get from Europe today. There will be no statement.

Cons Ilium

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Smithovsky's picture

Remember this from Sarkozy on Wednesday: "If there isn't a solution by Sunday, everything is going to collapse."

Sarkozy meant neeeeext Sunday... yeah, not this one... everyone misunderstood...

sunnydays's picture

Wow, didn't know the European Council had an "All seeing Eye" as it's emblem.  Pretty dang obvious.

john39's picture

yeah, but only crazies think the elites are conspiring to enslave us...  /sarc off.

Mr Lennon Hendrix's picture

Yup, only crazy people wonder why all Presidents since Nixon (Ford, Carter, Reagen, Bush, Clinton, Bush) have gone to the Grove's retreat.  Only crazies discuss the Scull and Bones invention that is the C.I.A. after the WWII coup that Brown Brothers, Hariman (Presided at the time by Presscott Sheldon Bush) launched via funding the Nazi party directly.  Only crazy people discuss the fact that the Rockeeller Trust is involved in Bildeberg and the CFR, not to mention the White House and Senate.  Only crazy people have noticed that the Federal Reserve uses monetary policy to the bequest and for the benefit of the Major Banking Houses, while the same Banking Houses launder drug money and give the execs million dollar bonuses.  Only crazy people see the Congress has not voted in the intrest of the country for centuries, and that Congressmen and Congresswomen are much wealthier than the status quo, not to mention that many in Congress have been practicing illegal acts as often as Al Capone.  It is only crazy people that see the US has been in constant war since WWII and never wins a war, but only destabolizes other States.  Only crazies see how the Banking Houses fund the Military Industrial Complex to lay wate to the status quo to bring about a, to quote a President, "New World Order".  Only crazies.....

"A thousand points of light...."


Waffen's picture

Hanlon's razor is ridiculous and the fact that some people point to it as some kind of law of physics is just beyond my ability to comprehend.


Stupidty does not remotely explain the complete and utter destruction of all that has been good in America and free market.


The Reece Committee findings from 1954 are the smoking gun that everyone has forgotten.

Motley Fool's picture

I didn't offer it as scientifically rigorous, but it is a good rule of thumb.


Obviously you have never heard of the law of compounded stupidity, which makes sense seeing as it does not exist.


If however it did exist it would say something like :

The stupidity of any individual in a organization compounds to form the overall organizational stupidity. :P

Oh regional Indian's picture

At least stupidity is excusible.

Wilful ignorance is not.

look at that reptilian in th epicture. And no, I'm not talkign Gaddafi.


Visible Destruction

Manthong's picture

Libyan expedition and expenditures were a resounding success.

There are no gold dinars to value the Euro, the dollar and oil against as they look for an "ingenious way of providing capital where capital does not exist"*

*Ben Davies

PS: If Iran wants to light a fire under that Twelfth Imam and get him here quick, they had better get cracking on that gold exchange they have been talking about.

Mr Lennon Hendrix's picture

The Federal Reserve Corporation, and its proxie Banking Houses, want a gold standard, because they "have" all the gold.

But they don't want it yet; not just yet.

Harlequin001's picture

What is the point in 'having' all the gold.

If you 'have' all the gold it has zero use as money...

Abitdodgie's picture

Don't forget every president since JFK has been related to the royal family. In fact 32 out of all the presidents have been related , O yes and all prime ministers of the UK are related , wow whats the chance of that.

Harlequin001's picture

So Edward Heath is what to Tiny Blair? Great grand uncle fourteen thousand times removed? illegitimate son, grand son? just wondering...

Where does Disraeli fit in?

earleflorida's picture

you forgot to mention the 'mad-shredder', ollie 'baby north' of the border, south,... who held-up in clinton's  gov. mansion while the heat cooled down from traveling back-n-forth from near-by 'ap' backing-up the off-loading goods,... this would be u.s. senator -  

and ya wonder why the world opens their arm's to the great liberator's ?

navy62802's picture

Yeah, I saw that. Pretty creepy.

Earl of Chiswick's picture

and on the death of Moammar Gadhafi this excellent article from a Canadian mainstream  news outlet:

The future of the Arab Spring?

Everything died with him.  And this is what is barbarity.  This is not civilization.  I’m saying look at what they are doing to black Africans in Libya.  They’re shooting them on the street.  Look at what happened in Egypt.  They’re killing Christians.

Lord Welligton's picture

Read it. Confirms my fears.

I still can't get over Hillary Clinton's reaction.

There is something very dark at the heart of this.

I think no one is safe.

cossack55's picture

Safe? Shit. No one has been safe since THEY killed JFK. Fuck safe.

buzzsaw99's picture

I disagree. I can think of a thousand other "world leaders" in desperate need of the mussolini treatment.

Lord Welligton's picture

We will have to agree to disagree.

I just don't see this in a hopeful light.

I would like to think it is but I fear the result may be worse than what preceded it.


Zero Govt's picture

yes every 'leader' (bwankers puppet) in the Western hemisphere could do with a little Mussolini magic-ending... President Obumma is less popular than the total shambles, George Bush. Eaton socialist David Cameron is less popular than the riseable Edward Heath that sold out Blighty to the European Union. Van Rompuy and burrusso are both un-democratically elected Marxist weasels who noboddy would recognise on a polling form and same goes for the entire streets of unelected crones at the UN, IMF, World Bank, BIS, EU Human Rights Courts, NASA, weather bureuas, CIA, FBI, Judges and ....etc 

Mentaliusanything's picture

When you have a Vacuum you have a large problem.

$8 Billion in modern weapons are now in the hands of the Libyan - weapons they were never allowed by law  - Libya  has always been a tribal nation and now you have a problem.

Who kept them apart for all those years, who disarmed them, who socialised them with bribes funded from oil revenues. Well he is dead, a subject of a war crime.

Much like Sadam Hussein who chained the Sunni and the Shiites and kept them on a leash, kept them apart and stopped them from tearing each other apart. Gadaffi used dictatorial fear and oppression to do so. IT worked now it is a vacuum. a well armed and aggressive vacuum.

I give them 6months and then you will understand that the first caveman to pick up a club had leverage. That gave him power and position. nothing has changed except now there is no consequence for Murder and uprising if you hold the gun.

His son admitted as much Sunday in a state television address. "Unlike Egypt and Tunisia, Libya is made up of tribes, clans, and alliances," Saif al-Islam said, warning of civil war if the tribal fabric breaks down. Indeed, Libya is considered one of the most tribal nations in the Arab world.

"In Libya, it will be the tribal system that will hold the balance of power rather than the military," Feb 24th 2011

FinalCollapse's picture

Buzz- I second that. The world is better without Gaddafi, It is called revolution - and the despots die terrible deaths. Remember Romania in 1989? None sheds a single tear after Nicolai Caucescu. These despots need and deserve to die, and the more violent death the better. They earned it. There is no law during revolution.  Revolution is the law.

The Arab Spring may lead to violence against other ethnic groups - so we may regret helping them.

Zero Govt's picture

"we may regret helping them"

Are you supporting the American effort in Libya then? 

Paying your tax $dollars to support the US's meddling in other countries, picking sides? Do you know which side is right in Libya? What are you still doing in Afghnistan do you know?

And regards "may regret" is that like shoulder shrug, "We fucked up (again), huh sorry" type regret having murdered thousands of civilians?

Keep paying your taxes twatface and sponsoring murder, mahem and anarchy across the globe with your fab' collection of pathalogically deranged human scum at the Dept of Defence in Washington, CIA and meriad other lunatic agencies your taxes fund... wouldn't want anything heavier than "regret" to spoil (spill) your Starbucks and wake you out of your zombie stupour

Hansel's picture

This wasn't a revolution.  This was regime change instigated by the U.S. and NATO.

Randall Cabot's picture

Gaddafi refused to do the bidding of the Rothschild-centered global banking cartel in 5 areas:

A Gaddafi-Centered African Union With A Common Currency Here & Here
A Gaddafi-Run Central Bank Of Libya Here
A Gaddafi-Holding Of 150 Tons Of Gold Here
A Gaddafi-Run Libyan Oil Industry Here
A Gaddafi-Run ‘Blue-Gold’ Water Reserves Here

Harlequin001's picture

So here's the bit I don't get. One minute everyone's queing up to have their photos taken shaking hands with him and the next the fucking blokes dead. WTF

Maybe there was just some unforeseen and urgent need for some spare gold to be moved to another Latin country that's just armed its populace not with iPads and the right to complain over the internet but with RIFLES...

Whichever way you look at it, there will soon be no where and no way to complain without global revolution on a massive scale,  because there is no way that what's coming will be acceptable to the masses.

The PTB are shutting you down as surely as they tried to shut down the offshore investment industry so that they could tax you and bail out the banks. Even if you manage to take over an entire country in revolution the rest of the world will at minimum keep you contained there until others join the frey. If Libya is in chaos it cannot possibly have a voice in world affairs. Such will be the case with every country that refuses to comply with the global ponzi. Total collapse is the only outcome now, unfortunately.

It's not like we didn't see this coming. It's not like there was ever any other possible outcome when you think about it...

tickhound's picture

Your post reeks of mainstream headlines... Its a terrible drug and it makes you stupid.

cranky-old-geezer's picture



Let's hope you too receive an early end to your miserable existence for your incredible mind-boggling gullibility (and stupidity?).

Eally Ucked's picture

No, you're wrong. We should not kill anybody just put them on the bottom of the society to try to survive, let them be kicked, spit on, bitten, and be the life pariahs. It's worse than few hours of fear and then nothing (especially that for most of them not many years left), let them live and experience joys of life, let them have that excitement of living like shit, and their families should experience the same.

CharlieSDT's picture

Wow, she's really put on weight.

Zero Govt's picture

she's always had a fat mouth running on a pathalogically deranged pea sized brain far back as i can remember

Harlequin001's picture

Lewinski looks quite attractive by comparison...


madmax1965's picture

Thanks Hansel!  I had not seen that.  what a complete piece of shit she is!  A fat one at that!

Randall Cabot's picture

The transitional government leader Mustafa Abdul-Jalil set out a vision for the post-Gadhafi future with an Islamist tint, saying that Islamic Sharia law would be the "basic source" of legislation in the country and that existing laws that contradict the teachings of Islam would be nullified.

"This revolution was looked after by God to achieve victory," he told the crowd at the declaration ceremony in the eastern city of Benghazi, the birthplace of the uprising against Gadhafi began.


cranky-old-geezer's picture



And hundreds (thousands?) of mind-boggling gullible morons here on ZH praise our government assasinating (more or less) Gadhafi, who brought enourmous life style improvements to the Libyan people, and wasn't killing blacks and "christians" and other ethnic groups. 

They praise and applaud the senseless killing of the good guy, and now they bitch about Islamic extremists taking over Libya.

[sigh] Some poeple are just to stupid and gullible to live. 

spiral_eyes's picture

the word on the street was rumpuy wanted to pursue fiscal integration? 

obviously schaeuble laughed him out of the room.

cossack55's picture

I wasn't aware that Sarkozy is related to Harold Camping. Huh. Who woulda thunk. 

dracos_ghost's picture

Vote down!


Remember this from Sarkozy on Wednesday: "If there isn't a solution by Sunday, everything is going to collapse."

Sarkozy meant neeeeext Sunday... yeah, not this one... everyone misunderstood...


I heard the translation was whacked, he said "If there isn't a solution SOMEDAY, everything is going to collapse". Complete hedge. Masterful.


yabyum's picture

And they are sitting on a lake of swell oil!

Zero Govt's picture

yes and Italy and Spain have been sucking on that Libyan lake of oil for decades ..legitimising the rebels and their undue haste to keep the oil flowing is one of the most remarkably skewed 'civil wars' i've ever seen!

It's like trying to depose the US Govt and fly the flag in every press conference to the world you'll keep baking buns and burgers at McDonalds ...these revolutionaries have all the hallmarks of Ronald McDonald that's for sure

cossack55's picture

Did you not also find it rather strange that the first action of the "rebels" was to form a central bank.  When they were being pushed back to Benagzi, they form a central bank. Sure.

knukles's picture

And the second thing was to announce the sale of Gold from Lybian reserves to cover "administrative salaries and weapons purchases" just about at the same moment the Venezuelian Reptile starts repatriating it's gold (got physical?) and Tripoli falls?

Nah, coooooooooooooooooooooooooincidences.

Eally Ucked's picture

Really, and why he is reptile? just info for uneducated.