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There Goes The Greek Majority

Tyler Durden's picture




 

Just out from Reuters:

  • ANOTHER GREEK RULING PARTY LAWMAKER CALLS FOR ELECTIONS, NATIONAL UNITY GOVT - GREEK MEDIA

And with that the PASOK majority is history.

 

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Tue, 11/01/2011 - 09:43 | 1831857 Ancona
Ancona's picture

Hmmmm..........where did I leave that shoebox full of Drachmas I bought for ten bucks? They might just prove to be useful for something after all.

Tue, 11/01/2011 - 09:48 | 1831902 HoofHearted
HoofHearted's picture

"I love the smell of napalm in the morning."

Tue, 11/01/2011 - 10:03 | 1831984 monkeyboy
monkeyboy's picture

A flock of Black Swans approaches...or should that be a wedge?

Tue, 11/01/2011 - 10:34 | 1832154 Spastica Rex
Spastica Rex's picture

If you can see them coming, how can they be black?

Tue, 11/01/2011 - 09:55 | 1831948 semperfi
semperfi's picture

Lires and Drachmas and Deutsch Marks - oh my !!

Tue, 11/01/2011 - 09:43 | 1831860 littleguy
littleguy's picture

this is moving v.fast, what now Italy? Lire?

Tue, 11/01/2011 - 09:48 | 1831905 fuu
fuu's picture

In case of a sudden loss of cabin pressure oxygen masks will deploy from the ceiling.

Tue, 11/01/2011 - 09:53 | 1831936 MsCreant
MsCreant's picture

But they are filled with nitrus oxide.

Tue, 11/01/2011 - 10:13 | 1832044 tmosley
tmosley's picture

Sorry, all nitus oxide is reserved for the printing presses.  Zyclon B will be substituted.

Tue, 11/01/2011 - 09:56 | 1831955 SilverRhino
SilverRhino's picture

It does seem to be accelerating.  And it looks like liquidity crunches are coming back.   Wonder how low my favorite metal is going to drop?

Silver Bid: 32.81 Ask: 32.91 Change:  -1.48
Tue, 11/01/2011 - 09:43 | 1831867 papaswamp
papaswamp's picture

Market will bounce back up when G-pap leaves...but then down again when it realizes the problems are still there.

Tue, 11/01/2011 - 10:38 | 1832177 Spastica Rex
Spastica Rex's picture

The world doesn't need steenking reality; it needs faith in a system of endless wealth expansion and material bliss.

Quit harshing the world's mellow.

Tue, 11/01/2011 - 09:44 | 1831868 Mike2756
Tue, 11/01/2011 - 09:44 | 1831875 stopcpdotcom
stopcpdotcom's picture

Good heavens! ZH is busy today!

Tue, 11/01/2011 - 10:14 | 1832046 Ralph Spoilsport
Ralph Spoilsport's picture

This is real entertainment right here, right fucking now. ZH beats Hulu and Netflix and it's free (as in beer).

Tue, 11/01/2011 - 09:46 | 1831877 CClarity
CClarity's picture

And the 30 year drops below 3%.  That's the story.  Bond traders seeing black swan?  And Italian yield curve getting ready to invert?

OT- Does Melissa Lee think it is still Halloween?  The black and orange outfit is a curious choice this morning.

Tue, 11/01/2011 - 12:39 | 1832811 Pitchman
Pitchman's picture

Your watching CN-BS?

 

The Greek people see this for what it is.  An elite money power implosion and they're done backing it.  America is just catching on.  Your government representatives are nothing more than Minions with privileges.  They serve the purveyor's of a failed rent extracting fiat currency.

That the system is revealing itself as unjust;  serving those at the top while enslaving the public can no longer be denied.

THE FED’S DEBT SLAVERY ECONOMIC MODEL is the genesis of funding for the elite money power.  Such power concentrated in the hands of so few is the most pernicious corrupting force, for which all others follow.

See: END THE FED: THE FIRST STEP IN RESTORING OUR CONSTITUTIONAL DEMOCRACY

 

Please see: Anonymous Shines A Light On The Hypocracy Of Our Leaders - OccupyWallStreet, the movement and its original message. 

"Above all, we aim to break up the global banking cartel centered at the Federal Reserve, International Monetary Fund, Bank of International Settlements and World Bank."

 

When it comes to financial terrorism, waged against the people, the President has abdicated his Constitutional Oath and that is an act of Treason.

See: HOUSING: To Solve The Problem You Have To Force Very Large Banks To Recognize Loses

 

- Inflection Point

Tue, 11/01/2011 - 09:45 | 1831881 SheepDog-One
SheepDog-One's picture

Tyler thanks youre the only one out there saying whats going on, and your contributors as well.

Tue, 11/01/2011 - 09:47 | 1831896 Golden Receiver
Golden Receiver's picture

The Tylers never sleep!

Tue, 11/01/2011 - 09:46 | 1831887 lookma
lookma's picture

Mind you, this is all happening while Western style "Hard Money Socialists" are defending their stance by saying the Euro is just another fiat. Ha!

Not as easy as it is for Mr. Ben B, no?

Tue, 11/01/2011 - 09:46 | 1831889 Iriestx
Iriestx's picture

Bankers will never allow the referrendum to come to a vote.  They'll keep replacing the Greek government until they have a fully sympathetic regime.

 

 

Tue, 11/01/2011 - 09:49 | 1831914 Quintus
Quintus's picture

If that doesn't work, they'll just replace the Greek people.

Tue, 11/01/2011 - 10:04 | 1832005 Tsar Pointless
Tsar Pointless's picture

That's a fascinating comment.

You know, that's the difference between us serfs and the elites who rule us.

When we have a natural disaster or a fire of some similar destructive malady befall us, there will be people interviewed by news outlets who will say stuff like, "It's easier to replace material things than a person."

However, when something threatens to knock the elite down a half of a peg or one, the rallying cry is, "It's easier to replace people than illegally and unethically acquired wealth."

Tue, 11/01/2011 - 19:27 | 1834838 Quintus
Quintus's picture

Just channellng Bertholt Brecht.

"Some party hack decreed that the people
had lost the government's confidence
and could only regain it with redoubled effort.
If that is the case, would it not be be simpler,
If the government simply dissolved the people
And elected another?"

Tue, 11/01/2011 - 09:58 | 1831969 disabledvet
disabledvet's picture

events are moving too fast. and "they're too many of them and they are big." all that matters now is your risk profile. leverage is enemy numero uno. that was the message from MF for those that are still listening. "comingling accounts" is patently criminal--and where there's smoke there's fire. moreover the fact of the matter is the US military is going to be called upon to act in some manner. with trillion dollar deficits? these matters must be investigated.

Tue, 11/01/2011 - 09:46 | 1831891 Belarus
Belarus's picture

In other news: those ALGO's are sure working hard. Need proof: just before open, before computers, the S + P was down close to 3%. Immediately price was suspended, then miraculously headed higher. 

Market is riggedd. 

Tue, 11/01/2011 - 09:46 | 1831892 homersimpson
homersimpson's picture

Dammit. Someone thinks this is bullish 'cuz FAZ is dropping in price! Only a 10% gain now.. LOL

Tue, 11/01/2011 - 09:51 | 1831928 Josh Randall
Josh Randall's picture

Watch that spot Silver vs. JPM slugfest resume again...

Tue, 11/01/2011 - 09:46 | 1831895 devo
devo's picture

Anyone think Bernanke is going to print and/or declare "I am lender of last resort!" and send Europe a few trillion? The timing with the Fed meeting today is odd.

Tue, 11/01/2011 - 09:48 | 1831904 Mike2756
Mike2756's picture

yeah, if he wants lynch mobs after him, lol.

Tue, 11/01/2011 - 09:50 | 1831921 Dr. Engali
Dr. Engali's picture

Oh he will print. And he will print a shitload.

Tue, 11/01/2011 - 09:47 | 1831897 Vlad Tepid
Vlad Tepid's picture

Toga! Toga! Toga!

Tue, 11/01/2011 - 09:48 | 1831901 Dr. Engali
Dr. Engali's picture

Honestly. I'm surprised there are any left. I'm surprised that they haven't escaped  to another country by now. Wait till the beheading starts.

Tue, 11/01/2011 - 09:49 | 1831912 ziggy59
ziggy59's picture

How come no rumors yet, unless, this will be allowed to happen on purpose

Tue, 11/01/2011 - 09:50 | 1831917 Cassandra Syndrome
Cassandra Syndrome's picture

What do we do? What do we do?!! Merkel and Sarkozy make a telephone conference call, organise another weekend EU summit, FT or Guardian please release a rumour, DO SOMETHING!!!

Tue, 11/01/2011 - 09:52 | 1831934 Mike2756
Tue, 11/01/2011 - 09:52 | 1831933 EZT
EZT's picture

If we don`t see a downgrade from this contagio in the Eu i`m suprised

Tue, 11/01/2011 - 09:52 | 1831935 LookingWithAmazement
LookingWithAmazement's picture

Storm in a teacup. Referendum will be cancelled, no elections, no crisis, meltdown, collapse or Armageddon. Yaaaawn.

Tue, 11/01/2011 - 10:13 | 1832043 Josh Randall
Josh Randall's picture

from your article: "5 banks: JPMorgan, Morgan Stanley, Goldman Sachs, Bank of America and Citigroup write 97%of all credit-default swaps in the U.S"

We've got them now...MUWAWAWAA...HAAHAHHAHAHAH

http://www.youtube.com/watch?v=7edeOEuXdMU

Tue, 11/01/2011 - 09:56 | 1831958 MsCreant
MsCreant's picture

So you are Greece's Health Minister?

Tue, 11/01/2011 - 10:15 | 1832048 tmosley
tmosley's picture

Bagdad Bob, meethinks.

Tue, 11/01/2011 - 10:27 | 1832108 Hephasteus
Hephasteus's picture

Chiken little's head up his ass retarded brother. Chicken Huh.

Tue, 11/01/2011 - 10:02 | 1831997 s2man
s2man's picture

I wondered where you were this morning, LWA.  Why do you watch, if its so boring?

Tue, 11/01/2011 - 09:52 | 1831939 dereksatkinson
dereksatkinson's picture

Now we get a new greek president.  Elections could be as soon as friday.

Tue, 11/01/2011 - 09:55 | 1831945 Mercury
Mercury's picture

Bring on the Greek bread/circus compression trade.  The two appear to be at all-time wides right now...

Tue, 11/01/2011 - 09:56 | 1831954 mccoyspace
Tue, 11/01/2011 - 09:57 | 1831963 YesWeKahn
YesWeKahn's picture

Robo, need some of your expertise, are we going up still?

Tue, 11/01/2011 - 09:58 | 1831967 Dr. Engali
Dr. Engali's picture

Well looks like a good time to start a war. Let's see whose oil reserve do we not control Iraq? Nope we have theirs. Libya? nope we secured theirs. Well it's either Iran or Canada. I vote we invade Canada.

Tue, 11/01/2011 - 10:01 | 1831988 Mitzibitzi
Mitzibitzi's picture

Mexico has some oil, too. And they have unaccountably gotten a whole bunch of automatic weapons from somewhere, in the hands of some type of 'irregular' forces; must be preparing to invade the US!

Tue, 11/01/2011 - 10:09 | 1832031 Dr. Engali
Dr. Engali's picture

They have been invading the U.S for 50 years. The slowest most effective invasion/take over in the history of the world.

Tue, 11/01/2011 - 09:58 | 1831972 Parisnights
Parisnights's picture

Yitgadal v'yitkadash shemei raba...

 

Tue, 11/01/2011 - 10:02 | 1831994 Vlad Tepid
Vlad Tepid's picture

Quoting H.P. Lovecraft at a time like this?

Tue, 11/01/2011 - 09:58 | 1831973 chdwlch1
chdwlch1's picture

"Oh my God, the PASOK is toast!" - Theo from Die Hard

"Hey babe, I negotiate million dollar deals for breakfast. I think I can handle this Eurotrash." - G-Pap from Greece

Tue, 11/01/2011 - 09:59 | 1831977 gared44
gared44's picture

Guys only 1 PM has resigned so far - the idiot still has 152 majority - but it is only a matter of time......

Tue, 11/01/2011 - 10:00 | 1831979 wang (not verified)
wang's picture

as predicted

Tom Keene on Bloomberg radio just now

a little bit of a better tone to the tape now

 

(what is he taking lesson from pissani - a victory for the bulls)

Do you suppose that Mayor Mikey has any influence

Tue, 11/01/2011 - 10:06 | 1832014 unununium
unununium's picture

Not a word about MF Global on Tome Keene yesterday.  He was getting tech stock tips from some momo.  The man is bought and paid for.

Tue, 11/01/2011 - 10:21 | 1832080 wang (not verified)
wang's picture

Bloomberg had MF Global up the ass in recent weeks a constant stream of MoFo analysts and pundits as guests

But I think it's time to flush Bloomberg Radio

time for NDTV profit or maybe radio ZH -   a la TwIT TV - no reason Tyler couldn't take the blog to the next level IMO - cause the mainstream broadcasts are all bought and paid for

http://live.twit.tv/

Tue, 11/01/2011 - 10:04 | 1832008 unununium
unununium's picture

I just want to get this straight.  The Greek people are not happy with 50% off?  Seriously just fact checking here.

Tue, 11/01/2011 - 10:13 | 1832023 virgilcaine
virgilcaine's picture

 

Maybe he brings out DICK Bove again. battle of the pompous blowhards. I like how the guests strut onto his set like they are something special..absurdity theater.

I do enjoy Margaret Brennan though.. Easy on the eyes and knows she doesnt have a clue.

Tue, 11/01/2011 - 10:29 | 1832125 toady
toady's picture

Where is greece's gold, and who is loading their gulfstream with it right now?

Tue, 11/01/2011 - 11:04 | 1832312 YesWeKahn
YesWeKahn's picture

I love those brave greeks, they never fear fighting a war. Alexander redux.

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