Things In Europe Just Getting Worse By The Minute

Tyler Durden's picture

The latest out of the doomed continent:

  • EURO ZONE DEBATING DELAY OF EUR5.2B MAY 10 PAYMENT TO GREECE - DOW JONES
  • SOME GOVERNMENTS CONCERNED ABOUT MAKING A PAYMENT TO GREECE AMID POLITICAL TURMOIL

And so the check bounces, which is ironic, because as we repeatedly explained, the Greek bailout is not about Greece: it is merely to allow Europe to bailout its banks via ECB and Troika funded interest payments and using Greece as a passthru vehicle. Luckily, that particularly aggravating farce may soon be ending.

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fightthepower's picture

Fuck you Rothschilds!  Fuck you Bernanke!

redpill's picture

Here comes the bankster counterpunches.  I expect Greece's "bold new leadership" will fold like a bad poker hand when they realize their government will collapse without the credit they are addicted to.

HoofHearted's picture

I don't know. They elected some idealogues. They may say, "Screw the eurozone, we'll go back to drachmas on our own."

They did suck out a lot from the Germans over the past 20 years. This may be the time to say goodbye, take what they have gotten, and run like hell.

What's that Panzer division about??? Nevermind...

redpill's picture

Well I tend to agree that's what they should do, I just don't trust any politicians to have the guts to do it.

Chief KnocAHoma's picture

Start up company seeking fresh capital - 

Our business will build the best guillotine in the World. Not only will it chop the head off any douche bag banker, it will do it slowly with as much pain as possible.

The rusty blade is dull and jagged, but cleans easily. Our guillotine often has to be dropped twice since the first drop only gashes the bank of the fucktard banker's neck. 

While he winces and cries out in pain crowds will cheer as you slowly retract the blade for another try.

Our truly unique product will bring joy to your mobs and make you the most popular hooded executioner on the block.

Call today for a company prospectus!

 

 

Manthong's picture

I’m going for the low cost, high volume, environmentally friendly, value added, quality rope market.

Dancing at the end of a rope is a more suitable punishment for thieves, is much less messy and is an entertaining alternative.

Plus, as an added bonus.. for great taste and more satisfaction, I plan to make my rope out of the finest hemp.

SheepDog-One's picture

Not so cheap in Iceland. Theres the model for all, tell the bankers to piss off.

redpill's picture

True, but calculating Scandinavian fisherman are different than angry Mediterranean pensioners.

Element's picture

This was inevitable.  No agreement = no instalment

The whole bailout was predicated on verified compliance by permanent EU/IMF monitors in Athens.  And that was the only way the former Greek Govt could get their 20% cut of the bailout euros, plus get debt writedowns, so thus much less interest on what debt remained.

But spreads still ate these euros up anyway.

So such compliance incentives are now moot, as they were not worth the economic/social pain and political slaughter anyway.  And that has also killed tourism.

They have two options, get out of the euro now or comply for a few more months ... until the next sugar-daddy-hit of bailout negotiations rolls around.

I don't think compliance is a political option in Greece, and Germany has wisely already said there's no-go on re-defining the recent agreement.

 
 
Yes, this situation just changed-up a gear.

SMG's picture

Don't forget about the other Luciferian ruling familes.  They have just as big a part in this as the Rothschilds.

A better system after this would be one where people can take care of themselves, rather that the current one where we depend on Overlords.

Debt is slavery.

Freedom above all else.  Free yourself.  Help free others.

Sic Semper Tyrannis.

http://en.wikipedia.org/wiki/Sic_semper_tyrannis

 

 

Clueless Economist's picture

Plunge Protection Team...Please report to Chairman Bernancke's office.

After Europe closes, PPT will do its magic

5880's picture

If I was a Rothchild

daidle deedle daidle

I wouldn't have to work hard

daidle deedle daidle

GetZeeGold's picture

 

 

Looks like a Rothschild and Ben Shalom have a dissenting opinion.

 

Let The Wurlitzer Play's picture

Would this be a good time to buy Eurpoean debt???

 

collon88's picture

If you like catching falling knives, be my guest.

ShorTed's picture

BTFD!  I guess the word didn't get out clearly yesterday. 

It'll all work out, we promise.

GMadScientist's picture

Priced in Drachma, Francs, and such?

Mister Ponzi's picture

Sure. Bunds make alltime highs day after day.

fonzannoon's picture

I just saw all the miners down big. Went to take my morning dump and now some of them are green. What I miss?

Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

I recommend an evening dump, sir.

GetZeeGold's picture

 

 

Gold might be sh!t......but it's the only sh!t worth having.

 

Agent P's picture

If you think about it technically, you should take three dumps a day.

tocointhephrase's picture

You had more buyers further to your dump?

GMadScientist's picture

Look, it's not our job to give you up to the minute blow-by-blows every time you need to take a Corzine...take your iPad onto the iPot, if you wanna be "in the loop". ;)

the not so mighty maximiza's picture

You can't run a ponzi with such anti-farce conditions.

HoofHearted's picture

And what does all of ZH say about the ECB thinking about suspending payments???

"No shit, Eurocrats. Greeks, nobody could have seen this coming. Nobody."

Let's just go ahead, bounce the check, and get the whole Keynesian ponzi collapsing already. Then we can clear away the dead bodies and start anew.

Cognitive Dissonance's picture

It's playing out like a Tom Clancy novel. When do the good guys win?

Yup. Sure looks like a "Clear and Present Danger" to me.

http://en.wikipedia.org/wiki/Tom_Clancy

LawsofPhysics's picture

Good guys?  There is the quick and the dead.  Same as it ever was.

GMadScientist's picture

In a minefield, they're often the same person.

 

Cognitive Dissonance's picture

Speaking of the "Good Guys"......check out this US Military document on how the FEMA camps (titled "Interment and Resettlement Operations" and dated Feb 2010) will be supervised and run. Here it is in black and white folks. An Army spokesman helpfully informs us that it is intended only for foreign detainment camps despite the clear language inside (such as using the detainees Social Security number as an ID) that indicates it is for domestic use.

n8dawg84's picture

Mr. Cog,

I'm still hoping that the military fights for the citizens

Cognitive Dissonance's picture

False hope is what truely binds (and blinds) us.

Element's picture

Read that one a few months ago, they've clearly had this mapped-out for years.  

This is what they'll do with the neo-revolutionist rabble.  Gitmo for disgruntled citizens, and you can bet the treatment will be the same.  Indefinite detention, torture and supra-judicial execution, with extreme prejudice (and selling the body parts of course).   

They've been planning to setup concentration camps when the collapse arrives, boiling-a-frog style.  That's why FEMA had to exist, the Feds were planning to create an 'Emergency' (that would be us), to 'Manage' with Federal agents.

At least the Commies didn't disguise the nature of the Gulag re-education as labour slaves, and nor did the Nazi's disguise what the Gestapo was.

 

If the UN had a shred of decency or honesty about it, it would move its headquarters to somewhere like Iceland - immediately - assuming Iceland would even agree to take in several thousand parasites and assorted hangers-on.

Cognitive Dissonance's picture

There are still many, including here on ZH, who simply can't believe this could is happening.

JustObserving's picture

Good guys win in novels.  The squid and the super squid win in real life. When was the last time the good guys won? 

""The path of the righteous man is beset on all sides by the inequities of the selfish, and the tyranny of evil men. Blessed is he who in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother's keeper, and the finder of lost children."


CrashisOptimistic's picture

You have not read or been watching Game of Thrones.  Its appeal is the good guys don't win.

Cognitive Dissonance's picture

Mrs Cog has me watching Game of Midgets. Very depressing. :)

Dagny Taggart's picture

But I'm sure she appreciates the popcorn and your expert commentary each week. Wait, the Cogs have HBO?

Cognitive Dissonance's picture

HBO was Mrs. Cog's idea. She is definitely a corrupting influence.

Don't tell her I said that. OK?

Agent P's picture

Did Mr. Cog at least successfully lobby for Cinemax?

Cognitive Dissonance's picture

I had to hold the line somewhere. Someone has to look out for Cog's soul. :>)

I can get the Playboy Channel on my iPhone of that's what you mean?

Aductor's picture

But, but, but... Doug Kass said buy in May and go away? Did he mean that if you buy in May, you will be gone permanently? Confused.

GeneMarchbanks's picture

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks. --Lord Acton

Guess we're about to figure it out now.

Mitzibitzi's picture

Someone quoted that in the friggin' pub the other night. Accurately too. The guy's a builder / handyman and often fond of the sound of his own voice, but it doesn't mean he's necessarily stupid. And, if that sort of thing is regularly cropping up in bar-room conversations (and here in Wales it increasingly is!) then things are inevitably going to get very interesting.

What gets me at the moment, though, is the UK govt doesn't seem overly concerned about the Eurozone, global economy, et al. They're obviously saying these things are important, but there isn't the general tone that they're really the massive deal we all think they are. What gives? Do the banksters / pols have a few more cards up their sleeves somewhere? Or do they know something we don't - something's gonna happen that will make the current death-spiral economic antics look like small potatoes?

I'm generally pretty good at picking up the actual plot through the waves of weasel-word bullshit the govt and MSM like to spout but, currently, I'm confused; they don't really seem that worried! And every indication says they should be!

smiler03's picture

I get the feeling it's something to do with sand and ostriches. 

Arnold Ziffel's picture

 

 

I think I got screwed. I bought the 3000% yield Greek Bonds....I hear they are now selling 4000% yield Bonds.

Crap!

I bought too soon.