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wot...no mention of the illustrious dollar?
Not yet. And to be fair the Bernank is nowhere near as ridiculous as that bunch across the pond. He is scary, but compared to the Euroclusterfuck, he is a pussy compared to the pros over there. For now. In any case long popcorn and overweight physical silver. And get some gold while at it.
We all know that, as a last gasp, the Central Bankers will PRINT, PRINT, PRINT ... so the only questions are (1) how much time will this buy; and (2) how much worse will this make the crisis?
The FED will print for the UK same as they did in 1927, notice how the UK just extracted themselves from the EU? Call them England, UK, British, All the more to FOOL you with, my Dear......
h/t Griffin, TCFJI (When the BAU hatches a profile, its easy to follow. Add'l h/t Criminal Minds tv show BF).
comments of 2 CEOs of comapny nobody has ever heard of before, lol! great evidence of capital flight ZH! way to go!
whats next? crude oil will not be used any longer in a month because the CEO of TinycompanyX believes renewables will be a solution in the next month and has invested $1000 in FSLR?
Stick a fork in this porker. It's done, sliced and diced.
Switzerland already preparing for recession as soon as war breaks out in Europe following euro collapse:
There was a cyclical weakening in the third quarter of 2011, observe the chief economist of the State Secretariat for Economic Affairs (SECO), in an interview published Saturday by the newspaper Aargauer Zeitung . It is quite conceivable that we see two negative quarters. However, as a whole, the Swiss economy is still doing well.
Bayerische Motoren Werke AG
It would sure be nice if there was some kind of monetary asset out there that wasn't subject to all that counter party risk and uncertainty.
I'm scanning the periodic table of elements in search of something that could serve as a suitable monetary asset. I'm going in numerical order and am at #46, Palladium. I feel like I'm getting close so I'll let you know if I find something soon.
if you find something, test it out by showing it to babes. if they like it then we can probably use it as a medium of exchange. that's how i do my science experiments.
It is David Cameron who alienated the rest of the EU.
Furthermore, if corporations take precautions, it is not equivalent to predicting the outcome of the current situation.
Also, it is far too early to say the euro ship is sinking. My bets are that it floats into the furture - stronger that has been up until now - after the recession that will come in 2011.
Taking precautions can become a self-fulfilling prophecy.
viva la fiat
Thanks, but palladium will do!!
My fear is that the government will put a 90% tax on the gain on this element when the rest of people "get it". How do protect yourself for this situation?
Baked beans, spam and ammo...put your money on it...these are assets you won't regret...
Good point dude, who the hell ever heard of these guys, what do they make buggies or somthin.. Bayerische Motoren Werke, sounds like the last thing they made was Frankensteen's wagon, ehh..
Ha, yeah thats the ticket..
Agreed. This story is nonsense. Just an outlier, not a trend.
There is 0 chance that the 70 to 90 year old men that spent most of their lives setting up the New World Order will allow Europe, their crowning achievement, to dissolve back into petty sovereign nation states with disparate governments and cultures. They already got most of them speaking English, just another hundred years to normalize their cultures and it's game over.
Seriously, there is 0 chance of a European Union break up. Zero. I just wish I knew how to trade that fact via some outrageously leveraged bet, because this one is a sure thing.
Well, he should know.
Didn't Corzine make the same bet?
He was betting it would hold together but as they say, the market can stay stupid longer than you can stay solvent.
I think he also signed off on a mandatory seatbelt law against the citizens while New Jersey govenor...then promptly got into a crash in his SUV while not wearing one...life is full of these little ironies & cosmic balances...lol.
Fact Number One: Why was Corzine thrown around the inside of the vehicle? Simple - he wasn't wearing a seat belt. "It was not his habit," said a former aide, Scott Kisch, to Newsday. Kisch was Corzine's driver when he served in the U.S. Senate. "You had to tell him if you wanted him to wear it. I gave up early on."
Not wearing a seat belt happens to be a violation of New Jersey state law. It is also beyond stupid. I won't drive down my driveway to the mailbox without buckling up.
To paraphrase Ayn Rand: He chose to ignore the laws of physics and the risk of carelessness but he could not ignore their consequences.
Another fool who believes he can block the sun with his fat greasy thumb.
everybody can block the sun with his thumb its a matter of focal point, eyes and sun
I'm the older brother and I was passed over, I'm smart,.. I'm smart and I deserve respect...
SARC.... with a touch of Young Frankensteeen, get with the program..
the chances are slim that the euro will go down. I wouldn't make assumption that there is a zero chance though. This quarrel between the US and Eu old men( chase and some other houses in Europe) goes back a while ago. I would thoroughly enjoy some US houses bets against EZ and on eurobonds to give them at least significant pains . The old men did put a lot on the line to make it work on both sides of the pond. Greece and spain may leave, france and germany will stick together.
i am not as sure about the zero probability, but totally agree being very low. i find it fascinating how mostly americans and brits (who have seen their currencies devalue substantially in the last 10 years against the euro despite crisis and bullshit) do not understand that it is in fact per se a much stronger currency as it is at the moment, it doesnt have big flaws and it can certainly survive very well, even with a few govs. defaulting. but most importantly, you understand very little the kind of political commitment that has been invested and is still devoted to the project. We are talking about fiat currency in any case, so problems can always be solver if it has to do with money when it is fiat money if there is political commitment.
News: its not a euro crisis! its a crisis of confidence of some european governements debt situation, things have some link but its like saying a dollar crisis because california has too much debt.. its propaganda to get the fiscal unity moving as soon as possible.
rsi1: Only the little folks dare speak for the record....as ZH knows. From their lips to God's ears.
WTF Fiat is a tiny company?
So if the company is tiny the premise is invalid?
They should send these trolls to a few logic classes before turning them loose.......
BMW automobiles are somewhat obscure, very localized German market...
Yes, but in the statist definition of Big, an automaker aint big till it's been fed at the public trough long enough to grow a huge belly of taxpayer funded debt. BMW, Fiat, small potatoes....GM...now that's BIG.
Looks like a gaggle of Obummers' country cousins have logged on here tonite!
gm owns fiat (controlling) cept for the ferrari & maserati brands
Do your homework. BMW sell globally, particularly in US and Asia.
The ECB cannot print because it is against its charter. A Treaty change would be required and Draghi will not print without forcing the politicians to take the decisions they should be taking. The problem for Merkel is that she can't get any further bailouts (In the form of printing or whatever) through her own democratic processes.
So it's easier just to blame the Brits and continue to do nothing. Czech mate?
The endgame is very clear to me...watch for a series of all 17 state emergency meetings which will be the meeting that the ECB is given "emergency powers" to print...you will want to be fully shorting the euro and buying metals as inflation will go through the roof
Ammo and guns.
Will need them to kill all the Mexicans with "BROWN PRIDE" tattooed across their chest liek the guy in your picture. Did you enjoy watching him get knocked out in 60 seconds on his first title defense by a white Brazilian?
I sure did.
kind of like republicans vs. democrats, albeit even uglier.
keep them uneducated and fighting amongst themselves.
I foresee a frenetic game of musical bank accounts, as Spanish companies sling their euros into Germany to escape the peseta, French companies rush their euros into Belgium to avoid the Return of the Franc, Italian corporations move all their funds to France to evade the resurrected lira, and Germans fling their money across the pond into Bernanke Bucks to dodge the resuscitated Deutsche Mark.
What's clear now is that absolutely no one knows where the ax falls next.
At least the velocity of digital money should pick up, as everyone rushes helter-skelter into his neighbor's basement to avoid the Eurocollapse tornado.
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