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UBS' Euro Doom And Gloom Team Releases Sequel: "The Eurozone Sovereign Crisis Has Entered A More Dangerous Phase"

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Mon, 09/26/2011 - 19:43 | 1713299 UP Forester
UP Forester's picture

"But, but, but the Dow is back over 11,000!  This must be bullish!"

Mon, 09/26/2011 - 20:00 | 1713356 Ahmeexnal
Ahmeexnal's picture

A pailful of ordure has just hit the fan in France: Sarzoky has banned sale of gold and silver over 450 euros.

 

http://www.legifrance.gouv.fr/affichCodeArticle.do?idArticle=LEGIARTI000...

Mon, 09/26/2011 - 20:27 | 1713429 WestVillageIdiot
WestVillageIdiot's picture

I noticed last night that BullionDirect now sells gold in quantities of 1 gram.  I had never seen that before. I guess they want to make sure the little guy can get into the act. 

 

That is just in time for the AU bubble to burst.  /sarc

In all seriousness I am waiting for the people I know that weren't buying gold because it is "too expensive" to now say they aren't going to buy because they are afraid of the bubble.  People are dumb.  Real dumb. 

Mon, 09/26/2011 - 21:38 | 1713593 Lucius Corneliu...
Lucius Cornelius Sulla's picture

The last time I bought gold it was $360/ounce and I didn't tell anyone about it because people would have thought I was one of those freaky ultra paranoid survivalist types.  Now it's just the opposite.  Everyone thinks gold is such a safe investment!  Time to sell.

Mon, 09/26/2011 - 22:15 | 1713653 Fukushima Sam
Fukushima Sam's picture

"Ladies and gentlemen, I regret to inform you that we have reached the 'dangerous phase' of our economic journey.  This will soon be followed by the 'fright or flight' phase followed by the 'shitting the bed' phase, and finally ending with the 'eating the Joneses' phase.  Don't worry, this is all part of our regularly scheduled programming.  Please relax as best you can while we apply some final adjustments to make your ride more comfortable."

Mon, 09/26/2011 - 23:06 | 1713724 EvlTheCat
EvlTheCat's picture

The following rides at Economic Journey have minimum height restrictions.These heights are measured with shoes on. Maximum weight restrictions are also listed where appropriate.

Mon, 09/26/2011 - 23:26 | 1713749 slewie the pi-rat
slewie the pi-rat's picture

mo danger,

comrade BiCheZ!!!

Tue, 09/27/2011 - 01:42 | 1713878 Sock Puppet
Sock Puppet's picture

After reading all of the above, the only solution is for Europe to socialize the bank's losses so businesses, governments and people don't go bankrupt.  Better to preserve the status quo than risk the financial devistation that would be wrought by defaut.

Just sayin.

Tue, 09/27/2011 - 02:16 | 1713904 TruthInSunshine
TruthInSunshine's picture

Shit's hitting the fan in Germany today:

09-27 1:44: Germany at war over Eurozone bail-out - Telegraph

Germany at war over Eurozone bail-out - Telegraph
MARKET COMMENTARY

Confirmation of the talks, however, sparked outrage in Germany, where opposition politicians threatened to derail the plans by voting against a key amendment to the bail-out fund this Thursday. The head of Germany’s constitutional court also piled on the pressure by warning the government not to circumvent the law “by the back door”.

Tue, 09/27/2011 - 02:23 | 1713912 Sock Puppet
Sock Puppet's picture


Tuesday, Sep 27, 2011 01:39 AM

. . . . . . . . . . . . . . . . . . . . . . . . . 

 German Economy Minister Philipp Roesler, who’s also the leader of the Free Democratic Party, expects enough votes from the ruling parties to approve expansion of the European Financial Stability Facility without help from opposition lawmakers, Bild Zeitung reported, citing an interview.

Tue, 09/27/2011 - 02:25 | 1713914 Sock Puppet
Sock Puppet's picture

02:21 AM  German Gfk Consumer Confidence for October comes in at 5.2 vs. expectations for a reading of 5.0.

Tue, 09/27/2011 - 02:54 | 1713932 chump666
chump666's picture

wow! yeah it's on.

Tue, 09/27/2011 - 16:41 | 1716195 luna75
luna75's picture

Love your comment, made one change, hope you like this one too:

 

"Ladies and gentlemen, I regret to inform you that we have reached the 'dangerous phase' of our economic journey.  This will soon be followed by the 'fright or flight' phase followed by the 'shitting the bed' phase, and finally ending with the 'eating the Joneses' phase.  Don't worry, this is all part of our regularly scheduled programming.  Please relax as best you can while we apply some FOOD STAMPS to make your ride more comfortable."

Mon, 09/26/2011 - 22:14 | 1713658 CapitalistRock
CapitalistRock's picture

Fewer than 1 in 500 Americans own even a single ounce of gold bullion. What gave you the idea that "Everyone thinks gold is such a safe investment"? Absolutely nothing could be further from the truth!

Mon, 09/26/2011 - 20:30 | 1713436 LongBalls
LongBalls's picture

The way I understand it; anything over 450 Euro or $600 USD must go through a bank transaction. It's not an all our ban. It is however a tracking system for confiscation.

Something bigeth come our way. It seems that no matter what the price of gold the governments of the NWO are going to come for it.

Mon, 09/26/2011 - 20:33 | 1713444 Ahmeexnal
Ahmeexnal's picture

Yes, that's exactly what it is as I also posted on the other thread.

Mon, 09/26/2011 - 20:34 | 1713450 WestVillageIdiot
WestVillageIdiot's picture

Does anybody really know where all of their metal is?  I'm serious.  I've given so much of the shit away, trying to turn people on to buying, that I don't know what I have anymore.  Don't tell my wife.  I'm trying to keep it secret. 

Mon, 09/26/2011 - 20:36 | 1713452 Ahmeexnal
Ahmeexnal's picture

when TSHTF and "they" come for your shiny stuff, just tell them you hosted several Bunga-Bunga parties and paid for them with the metal.

Mon, 09/26/2011 - 21:02 | 1713529 Prometheus418
Prometheus418's picture

I sold it all, on account of I was scairt of teh bubble bursting.  Can I write off the capital losses on my taxes now?

Mon, 09/26/2011 - 21:46 | 1713608 Tater Salad
Tater Salad's picture

Sorry agents, I spent my bullion on prostitutes and whiskey....and yes one midget, needed a midget to complete the party.

 

Mon, 09/26/2011 - 23:13 | 1713734 yabyum
yabyum's picture

Hooker & Blow! Always a sound investment.

Mon, 09/26/2011 - 23:55 | 1713785 WoodMizer
WoodMizer's picture

I swapped it all for bitcoin after the Bernak called it tradition.

Tue, 09/27/2011 - 01:14 | 1713858 Founders Keeper
Founders Keeper's picture

[when TSHTF and "they" come for your shiny stuff...]---Ahmeexnal

KNOCK KNOCK!

"Who is it?"

"Federal Reserve Agents, Smith and Jones."

"What do you want?"

Mr. Keeper?...We're here to serve notice under the authority of the Federal Reserve and hereby execute the Precious Metal Repatriation Act.  We're here at your convenience to Repatriate your PMs to the Federal Reserve and compensate you at fair market price.  Are you alone, Mr. Keeper?

"Do you have a warrant, Agent Smith?"

"Well.  As you may be aware, Mr. Keeper, the mandate is a nationwide repatriation.  We wish to collect only those PMs for which we have purchase records.  We have your records here.  Can we expect your full and patriotic cooperation?  May we come in?

...Mr. Keeper?"

"You're gonna need more agents."

 

Mon, 09/26/2011 - 20:59 | 1713521 mcguire
mcguire's picture

WVI, thanks for posting that... i thought i was the only one giving it away.

mcguire

Tue, 09/27/2011 - 03:23 | 1713963 terryfuckwit
terryfuckwit's picture

cool me too

Mon, 09/26/2011 - 20:35 | 1713451 UP Forester
UP Forester's picture

Boy, doesn't this sound just like the Obamacare tracking requirements on gold?

Nah, it's just a conspiracy theory, 'cuz that little tidbit got Memory-holed....

Mon, 09/26/2011 - 22:18 | 1713515 doomz78
doomz78's picture

so when banks in europe fail or they do a europe quantitative easing to liquify the banks will gold and silver shoot through the roof?   The world seems to be trying to print their way out of everything!!!!  I think if they bail out the european banks we will solidify another year of slow and steady bull market in gold and silver.  A more controlled explosion of the euro if you will...  Confusing times.  Now for the USA....  I don't know where to begin.  Euro and US dollar seem to be destined to sink together over time.  Thelma and Louise. 

Mon, 09/26/2011 - 21:06 | 1713536 Dapper Dan
Dapper Dan's picture

???

tout cela est écrit en langue française, je ne peux pas lire cette langue.

Mon, 09/26/2011 - 21:31 | 1713576 LeonardoFibonacci
LeonardoFibonacci's picture

Ahmeexnal actually you are incorrect as all sale of gold > 450 euros can only be SETTLED by wire transfer method (virement).  The limit is not 450 euros, it is the method of settlement which is limited

Tue, 09/27/2011 - 00:54 | 1713840 Ahmeexnal
Ahmeexnal's picture

Yes, it's CASH sales over 450 euros that are banned.

For all intents and purposes my statement that gold and silver sales in France are banned is correct.

It's just the timing of my statement which came to early.  Speed of thought is faster than speed of light.

So just relax and don't bother getting of you couch.

If the 450 ban on CASH sales means nothing to you, it's because you will never buy any PMs anyways.

For those who see the writing on the wall, it means they have not much time left to buy more.

Tue, 09/27/2011 - 02:57 | 1713884 Sock Puppet
Sock Puppet's picture

 

.

 

Tue, 09/27/2011 - 09:31 | 1714609 Overflow-admin
Overflow-admin's picture

Foutu nain! Je parie qu'il veut tout l'or pour lui! Vive le marché noir n'est-ce pas?!?
-> Damn dwarf! I bet he wants all gold for him alone! Long live black market - isn't it ?!?

 

(sorry I couldn't resist...)

Mon, 09/26/2011 - 20:22 | 1713414 Cruel Aid
Cruel Aid's picture

11000 with participation plunging... hmmm!

Mon, 09/26/2011 - 20:30 | 1713434 WestVillageIdiot
WestVillageIdiot's picture

Look at that.  In early trading the Nikkei is up 1.5%.  It is all the way back to 8,500.  What a joke the American "market" is.  We'll see if the Dax can continue its rally tomorrow. 

Does anybody even look at NYSE futures anymore, for anything other than comic relief? 

Mon, 09/26/2011 - 21:59 | 1713627 nyse
nyse's picture

It is bullish.

Mon, 09/26/2011 - 22:01 | 1713628 wombats
wombats's picture

Damn right its bullish....and GS bonuses will be assured as well!  What more could the world ask?

Mon, 09/26/2011 - 19:45 | 1713306 westboundnup
westboundnup's picture

When doom finally arrives, the global economic system collapses, and markets finally close for good, the Dow will finish modestly up. 

Mon, 09/26/2011 - 19:54 | 1713338 Cheesy Bastard
Cheesy Bastard's picture

If tomorrow there was a world wide nuclear comet based earthquaking volcanic pole shifting explosive hurricane blizzard caused famine, the dow would finish modestly up.  Volume would probably be low.

Mon, 09/26/2011 - 20:13 | 1713390 Bunga Bunga
Bunga Bunga's picture

Because such things are already priced in. But neutrinos are faster than light, this is not priced in yet and very bullish.

Mon, 09/26/2011 - 20:22 | 1713413 UP Forester
UP Forester's picture

And the only thing faster than neutrinos is the newest algo software, so GS can front-run it anyhoo....

Mon, 09/26/2011 - 20:32 | 1713439 WestVillageIdiot
WestVillageIdiot's picture

My wife always tells me I'm faster than the speed of light.  Or is it the speed of sound?  I don't really know.  I'm usually asleep by that point. 

Mon, 09/26/2011 - 20:46 | 1713485 Cheesy Bastard
Cheesy Bastard's picture

I used to be that fast.  Lately I can get to about the speed of smell.  When I'm done I can usually claim narcolepsy too.

Mon, 09/26/2011 - 21:41 | 1713597 Manthong
Manthong's picture

The market is a discounting mechanism.

Neutrino algos have been discounted to the speed of a Greenspan kidney stone.

Mon, 09/26/2011 - 23:17 | 1713740 jdelano
jdelano's picture

Junior physicist:

I hate to tell you this, Sir, but we've been unable to demonstrably prove or disprove the existence of the Higgs Particle. Whatsmore, we can't even find the particles we sent flying around this bitch...

Senior physicist:

What? What do you mean you can't find them?

Jp:

There appears to have been an cognitive aberration in the observation apparatus that has catalyzed a systemic failure in the quantification dialectic.

Sp:

In plain English, Son, where the f@$k are the particles.

Jp:

Uh. We don't have a f$@king clue, Sir. We lost them.

Sp:

You lost them?! Do you have any idea how many billions of dollars it took to build this freaking facility? We can't tell the msm we LOST the freaking particles because you inept ass hats can't run a proper experiment?!

Jp:

Well, then what should we tell them, Sir....

Sp:

I don't know--ANYTHING. Tell them we opened a new dimension--no, wait, even better, tell them we think we actually managed to accelerate the particles so freaking fast they exceeded the speed of light and made a quantum leap into another dimension!

Mon, 09/26/2011 - 23:55 | 1713784 G-R-U-N-T
G-R-U-N-T's picture

LOL/UGH!!...What's disturbing about this is there may indeed be a grain of truth in this.

Tue, 09/27/2011 - 00:48 | 1713833 Dapper Dan
Dapper Dan's picture

Stop the LHC now!

CERN should be halted until irrefutible evidence of Hawking Radiation is returned from GLAST, launched last year. Any sooner would be irresponsible. Visit the official myspace awareness site: http://www.myspace.com/stopcern

:24, Nov 30, Ms. Amanda Lucas, Germany
Why do I feel CERN's experiment should be stopped? For one, CERN stated that physicists who were part of the LHC Safety Assessment Group were not involved with the LHC experiments, when in truth, CERN physicist John Ellis has been promoting this experiment since 1987. CERN physicist Brian Cox has stated on numerous occasions that they don't know what will happen, like his statement "At every stage of understanding the universe better, the benefits to civilisation have been immeasurable. None of those big leaps were made with us knowing what was going to happen." Their most idiotic statement, two colliding protons which would be 100,000 times hotter than the core of the sun, is equivalent to two mosquitoes colliding. EQUIVALENT TO TWO MOSQUITOES COLLIDING! What the hell are they smoking down there? These CERN crackpots, who state they're not religious, like myself, are proudly showing off a four-armed statue outside their complex of the Hindu God Shiva, destroyer of worlds in Hinduism, which was a present from India. And they want us to take them serious when they state all is safe? CERN states on their site "The LHC, like other particle accelerators, recreates the natural phenomena of cosmic rays. Nature (cosmic rays) has already generated on Earth as many collisions as about a million LHC experiments ? and the planet still exists." and when you continue reading, third paragraph under the topic "Micro Black Holes" they contradict themselves on this same page with "Collisions at the LHC differ from cosmic-ray collisions with astronomical bodies like the Earth." MAD SCIENTISTS! First statement: http://tinyurl.com/6g6ftv Contradicting statement: http://tinyurl.com/59elqs Great source of info: http://twomosquitoes.blogspot.com/

Mon, 09/26/2011 - 20:17 | 1713400 agent default
agent default's picture

Modestly?  It will rally at least 5000 points.  I mean total disaster. That's bullish right? Even better throw in WIII +15000 intraday guaranteed.

Mon, 09/26/2011 - 19:45 | 1713310 Seasmoke
Seasmoke's picture

just seeing Liesman holding worthless options, makes a total collapse worth it

Mon, 09/26/2011 - 19:46 | 1713312 Sequitur
Sequitur's picture

Eurozone imploding? Who cares. Please pay attention to what is important:

A Deeper Look At The Dire Bonus Situation

At UBS, they say, "A bunch of employees that were staying put anticipating a bonus just got sacked in the nuts."

http://www.businessinsider.com/ubs-bonuses-clawbacks-zeros-rogue-trader-...

 

Do NOT follow this link or you will be banned from the site!