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Trichet Repeats Call For European Finance Ministry, Abdication Of National Sovereignty

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Mon, 10/24/2011 - 12:34 | 1804752 Mongo
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Lunitics running the asylum

Mon, 10/24/2011 - 12:41 | 1804785 slaughterer
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What non-Europeans too easily forget is how economically competitive against one another all the member states of the EU are.  There is no way that they would relinquish sovereignty unless forced to.   It would be tantamount to losing a competitive advantage against the other countries. 

Mon, 10/24/2011 - 12:43 | 1804795 i-dog
i-dog's picture

Abandon the experiment before they blow up the lab!!

Mon, 10/24/2011 - 12:46 | 1804809 kaiserhoff
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This will sell like frankfurters east of the Rhine;)

Mon, 10/24/2011 - 12:52 | 1804833 Pinto Currency
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 No, no.


As the experiment is blowing up, the lab clearly needs to be bigger.


Even the Vatican says the lab needs to be bigger - but it should be the whole world.  Calvi spoke from the grave.  Special phone.

Mon, 10/24/2011 - 12:54 | 1804849 TheFourthStooge-ing
TheFourthStooge-ing's picture

Abandon the experiment before they blow up the lab!!

But everything has worked flawlessly so far. What could possibly go wrong?


Mon, 10/24/2011 - 18:05 | 1806150 Imminent Crucible
Imminent Crucible's picture

What could possibly go wrong? Funny you should ask. What if Goldman Sachs took control of Europe?

After all, Tricky said, "For countries that lose market access, the current approach of providing aid against strong conditionality is justified." Translation: "Maastricht Treaty don't mean nuthin until we have a political union with the ECB in control."

Who takes over after Trichet? Mario Draghi, Goldman's operative in Italy.

So Tricky calls for European states to yield their sovereignty to the ECB, which in turn defers to Goldman Sachs.

Mon, 10/24/2011 - 12:49 | 1804819 CPL
CPL's picture

GDP of Hungary is equal to Germany don't ya know.

Mon, 10/24/2011 - 12:47 | 1804807 rocker
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Kit Juckes from Societe Gererale, Head of Foreign Research on Bloomberg sasy U.S. will pay.

Kit Juckes says they need 2 trillion.  Hello Big Ben. They are calling you.

And they wonder why everythng is rigged for the rich.

It just gives me a warm feeling knowing I am paying for the bonuses of the European Banksters.

Just after paying for Lloyd Blankfein's 100 million dollar bonus.

Mon, 10/24/2011 - 13:09 | 1804903 vamoose1
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tyler is a one  dimensional fool,   aka  an  idiot,  the  frigging  dow  prob  goes  to  20000  in  some  kind  of  an ersatz   dollar,  but  could  we  perhaps  grow  up.stop   humiliating  yourself.

Mon, 10/24/2011 - 13:16 | 1804932 Jean
Jean's picture

Follow the debt, the equity prices are just the magician's off hand.

Mon, 10/24/2011 - 12:35 | 1804754 AnAnonymous
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The dream of pan European US citizens...

Mon, 10/24/2011 - 12:37 | 1804766 bigwavedave
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Mon, 10/24/2011 - 12:37 | 1804767 buzzsaw99
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great idea, at least everyone speaks the same language. :roll:

Mon, 10/24/2011 - 12:41 | 1804789 sabra1
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PIIGS Latin?

Mon, 10/24/2011 - 13:04 | 1804886 kaiserhoff
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Mon, 10/24/2011 - 12:39 | 1804777 Segestan
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If you think his idealism is foolish, just imagine Europa was going to be the seat of Anti-Christ. Amazing the dreams that real labor has to support. Oh well I guess well see what happens to the dream of multi-cult next?

Mon, 10/24/2011 - 12:40 | 1804779 mynhair
mynhair's picture

Too long for algos to read.  Resume climb.

Mon, 10/24/2011 - 12:51 | 1804837 CPL
CPL's picture

Someone pulled the plug in the tub, algos are trading on vapour.



Mon, 10/24/2011 - 12:56 | 1804859 mynhair
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Give it 90 minutes.

Mon, 10/24/2011 - 12:40 | 1804782 xcehn
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Things are obviously ridiculously hopeless in Euroland.  Which end is up?

Mon, 10/24/2011 - 12:40 | 1804784 monopoly
monopoly's picture

I PROMISE, the way this is playing out there will not be a day after tomorrow for the euro. It is over, remove the respirator already.

Mon, 10/24/2011 - 12:41 | 1804786 Uncle Sam
Uncle Sam's picture

Isn't this the ascendancy of the 'Fourth Reich'?

Aided and abetted by French Vichy?

Endorsed by the Catholic Church?

Haven't I heard this before somewhere?

Mon, 10/24/2011 - 12:42 | 1804790 Nascent_Variable
Nascent_Variable's picture

It's incredible that this lying, incompetent criminal has the nerve to say that the solution to the problem he and his ilk created is for all of Europe to abdicate their national sovereignty to the same cartel that wrecked the continent's finances.

Trichet would have the EU match the tyranny of the federal government in the US.  The unique cultures of the member states would give way more and more to a homogenous, soulless mass of debt slaves serving their banker masters.

Centralization and globalization have failed.  The results are all around us.  The larger and more complex the system gets, the more power and wealth get concentrated in the hands of the corrupt and incompetent.

Mon, 10/24/2011 - 13:19 | 1804941 donsluck
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I disagree. Competence is successfully impementing your plans. Corrupt yes, incompetent no.

Mon, 10/24/2011 - 12:42 | 1804791 oogs66
oogs66's picture

well, he does need a new job, should we consider this an application for the position he is creating?

Mon, 10/24/2011 - 12:43 | 1804793 Jonas Parker
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Reminds me of a small boy walking home in the dark whistling loudly past the graveyard...

Mon, 10/24/2011 - 12:43 | 1804794 Azannoth
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I wanna see how Ze Germans swallow this

Mon, 10/24/2011 - 13:13 | 1804918 Pinto Currency
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I once read a comment that Germans don't riot in the streets.  They buy gold.  That's how Germans speak out.

Mon, 10/24/2011 - 13:24 | 1804961 Azannoth
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Only if you do something outrageous like renovate an old railway station (http://www.guardian.co.uk/world/gallery/2010/oct/01/protest-germany-stut...) when however your country gets sold down the river by the global banking mafia they tend to go watch 'dancing with the stars' like every other civilized nation

Mon, 10/24/2011 - 12:43 | 1804796 DonutBoy
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We have to pass the bill so you can see what's in it.

Mon, 10/24/2011 - 12:44 | 1804798 The4thStooge
The4thStooge's picture

Ze Germans are obviously ze only vons capable of keeping zer finances in orda. Zerfore ze otha European countries must forfeit zeir sovereignty to ze 4th reich!

Mon, 10/24/2011 - 12:45 | 1804805 Azannoth
Azannoth's picture

Yes only if you mean Ze German(s) Jews running Ze Germany

Mon, 10/24/2011 - 17:10 | 1804815 kaiserhoff
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That's not German, it's Austrian;)

Mon, 10/24/2011 - 12:46 | 1804804 LongSoupLine
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A long-winded rambling that attempts to bridge the gap between logic and complete insanity which, in turn, creates a fragmented perpetual loop dissertation of realistic non-solutions.

My guess?....it gets him a Nobel Prize in the "WTF?" category. (read: past winners - Krugman, Obama, etc)

Mon, 10/24/2011 - 12:46 | 1804806 LawsofPhysics
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Translation; "We need to have a much bigger debate and much more time to discuss it"

My prediction, no immediate resolution, another set of meetings scheduled - rally on.  I mean why would anyone actually do anything when doing nothing is working out so well.?

Mon, 10/24/2011 - 12:50 | 1804827 SheepDog-One
SheepDog-One's picture

They cant actually deliver a set plan, carrots and sticks are working so much better!

Mon, 10/24/2011 - 12:47 | 1804812 FutureShock
FutureShock's picture

I hear greeks are leaving for Austrailia in droves, Long European airlines and Au apartment buildings.

Mon, 10/24/2011 - 12:50 | 1804830 Azannoth
Azannoth's picture

I heard down-under accepts any scum coming their way with open arms, after all the country was founded as a penal colony

Mon, 10/24/2011 - 13:12 | 1804915 Shirley Wilfahrt
Shirley Wilfahrt's picture

Kinda like Georgia USA....except with killer beaches and less inbreeding....

Mon, 10/24/2011 - 12:51 | 1804835 LawsofPhysics
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They have gold apartment buildings in Austrailia?  Wow, I am in.

Mon, 10/24/2011 - 13:05 | 1804890 GeneMarchbanks
GeneMarchbanks's picture

Good, feed them into that housing Ponzi you got going down under. Keep that going before the AUD gets recognized for what it is: paper... I mean plastic.

Mon, 10/24/2011 - 12:49 | 1804820 PaperBear
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I suppose we Europeans have been dumb enough to go along with the situation thus far, why should our overlords not continue on with this nonsense.

Mon, 10/24/2011 - 12:49 | 1804821 Matto
Matto's picture

Haha nice idea, lets see the people of europe join together and become one with their brothers- its amazing they've gotten this far!!

Aren't we due a major war in europe right about now? Just checking my calendar.

Mon, 10/24/2011 - 12:51 | 1804825 bob_dabolina
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MS just shit itself

Huge candle on HYG about 10 minutes ago

Mon, 10/24/2011 - 12:50 | 1804826 spiral_eyes
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Mon, 10/24/2011 - 12:50 | 1804829 Lebensphilosoph
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"European integration has banished the spectre of war from our continent, is always stressed."

As did the Imperium Romanorum.


Well, we already have a European Ministry of Truth, so why not one of finance then, eh?

Mon, 10/24/2011 - 12:54 | 1804851 Azannoth
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When Truth is not something you have to empirically prove but something regulated by bureaucrats and something you may very well go to jail for, you know something has to be amiss, when Big Lies are considered 'sacrosanct truths' and blatantly obvious facts outlawed you can only do 1 prudent thing, pack your bags and get out of Doge

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