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"We're Going To Need A Bigger Flowchart": Presenting The Schematic Of Part 1 Of The European Endgame
Still confused by the doomed endgame in the 21st century Greek tragedy? Have no fear: here is the BBC (which today is two out of two for useful information)with a flowchart of Greek endgame. With apologies to the optimists, who think there may be a happy ending here, here are the only 5 possible outcomes: 1) Pyrrhic Victory; 2) Depression; 3) Moral Hazard; 4) Political Turmoil and 5) Global Meltdown. In this context, it becomes all too obvious why stocks are surging...
From the BBC:
The "Troika" of lenders - the European Union, International Monetary
Fund and European Central Bank - say Greece must take more painful steps
to cut its borrowing.But Greece faces riots and mass protests on the streets of Athens.
The government could lose its grip on parliament - only 155 of 300 MPs
backed the last round of austerity in June.At stake is the next 8bn euro tranche of bailout money, which Greece
desperately needs to avoid total crisis.Starting from the top, follow the decision tree to decide what happens
next.
And visually:
»
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"We gonna need more wax..."
Petrol jelly...
Astroglide
billy glide
.
Is that when a billy club is used?
KY when speaking of Greece, please.
Kay. Why?
They left off the bottom part of the flowchart where we take gold bars to Greece and buy cheap vacation homes and pick up hot Greek girls for pennies on the dollar.
http://www.singledudetravel.com/2011/07/greece-greed-graft-and-the-grim-reaper/
(paste) "In this context, it becomes all too obvious why stocks are surging..."
L0L!!! suuuure it does!
if tyler doesn't recognize rothschild bankster propaganda and false dichotomies when he sees them, via the BBC, don't blame slewie, ok?
at this point even tyler must see that either: the failures get "recapitalized again" by the goobermints & their people, so the NWO can cantinue to use them, until the next "systemic failure" to continue to plunder all non-fascist personal wealth
or: they are "allowed" to F-A-I-L
we see from the BBC that this is only about greece~~~what a fuking joke!!! some here knew way last SPRING greece was outa "good" choices, and needed to default and get it fuking over with
'It becomes all too obvious why stocks are surging'
Well of course! Got to have SOME rumor to support surging stocks today!
Somebody please light this fucking fuse already and let's go.
The fuse was lit whe the euro was created.
No. The fuse was lit when the greeks LIED about their finances to join the Euro.
And the lie was facilitated by Goldman Sachs...
NO No, when Goldman went in and sold them CDOs.
No. The fuse was lit when the EU closed its eyes for greek's lies about their finances and let them join the €.
No, the fuse was lit when they started accepting bankster FIATs instead of sound money.
CR's right, the Euro was doomed to fail from the beginning. It was a bull market creation, fostered by rising worldwide optimism. We're in a bear market now, and the prevailing winds have shifted. Declining optimism will devolve into outright pessimism. Hope is turning to doubt, which turns to fear, which turns to panic. Previous disputes, buried during the bull market feelings of goodwill, will rise again to the surface. The Euro is in the terminal stages. Fractures are growing, implosion is imminent.
CapitalistRock is correct, the Euro design was flawed from the beginning. Greece's financial mis-representation just brought about the end more swiftly.
yeah, the slow motion death is killing me.
Be careful what you wish for.
I agree! I believe endgame #1, #2, #3, and #4 all lead to #5 (it just takes a little longer to get there)?
coooolnesssss
Speaking of big flowcharts, I've got one for ya ECB...
Proposed name change: The European Union - shortened to Euron...short, sweet, accurate.
+ Chewco
Back in the last decade of 1998 or thereabouts the once serious site of Kitco's board discussed the derivatives that allowed the PIIGS to get into the Euro. It was not at all a big secret back then.
I still have a winning bet from thirteen years ago with a lady that is numero uno in "human resources" for a very large private company that the Euro zone would do just what it is doing. She has unlimited faith in pols and cannot imagine that they are simple maggots that work for the plunderbund.
We will see.
I vote for riots. You 'gotta love that riot dog!
DP
Riot Dog is the Honey Badger of our time
http://www.youtube.com/watch?v=4r7wHMg5Yjg
I'll take moral hazard for 200, Alex.
Me too. I can not imahine IMF not dispensing the $. They would thereby trigger a default
Ooops sorry about the double post
"No need for you people in the US to worry about Europe" ---Adolph Hitler
he was correct. It was totally unnessary for the US to get involved at all in that conflict.
he was correct. It was totally unnessary for the US to get involved at all in that conflict.
only if you thought having half the world run by a psychopath was cool.
Oh, sorry i forgot, you probably voted for dickie c and his amazing human sacrifice machine as well. because that was cool too?
Yea, but the end result of the US getting involved was that half the world ended up being run by a psychopath. Uncle Joe anyone?
Yea, but the end result of the US getting involved was that half the world ended up being run by a psychopath. Uncle Joe anyone?
by that logic then, stalin would not have had the same result with the US not being involved.( this is terribly boring and i apologize for this) but your history is wacked. Stalingrad had already been recaptured,the sixth army gone, and the nazis in full retreat before any allied forces landed in normandy. meaning, stalin was doing what he did best and was going to take berlin without US involvement (other than "lend/lease".) remember it was the americans who capitulated to stalins territorial demands, churchill wanted to kick his ass, but was overuled by guess who.
yawn, i know
Lend lease. Exacly. As to my history, it's just fine. But thanks for asking:)
Lend lease. Exacly. As to my history, it's just fine. But thanks for asking:
takes blood to win a war, not cans of spam and vehicles that won't run in mud
You prefer the 21st century version where a collusion of psychopaths run the world? There is no turning back the clock....we are where we are and have to proceed from the point where we now find ourselves. That promises to be a bumpy landing.
Every single actor you mention was funded by Wall St.* Have you not heard of the oldest trick in the book?
"Let's you and him fight!"
Once you realize this is all contrived, those 'capitulations' lose all meaning.
*See Conjuring Hitler for details
Technically, Nazi Germany declared war on the United States.
Yes; Hitler's Germany declared war on the 'neutral' U.S. on December 11, 1941.
Baby is right; 1 year after the Federal Reserve was established we started to have world wars. They were all orchestrated for profit.
I'm not sure there is a causal relationship between the creation of the Fed and WWII, but there definately is one between the US entering WWII and the US coming out of the great depression.
No, there's definitely a link between the US finishing WWII and the US coming out of the great depression.
Unless, of course, you're one of those dweebs who defines 'depression' in terms of +ve or -ve GDP.
1919 - when did the allies (of Morgan/Rothschild) start squeezing the Germans for reparations? Did these eventually lead to hyperinflation?
Well, the main difference would have been that the cold war would have involved us and the Fascists instead of us and Communists. Since the Fascists were more efficient I'm not sure we would have liked the end result as well.
Paper money looks worse all the time.
$1 Trillion to start with to bail out Greece....then another Trill for Italy and Portugal.
Deep Depression coming imho as your article states.
Scary.
So the meme is firmly in place now. The EU is doomed/already collapsed/collapsing at light speed, or faster, if CERN has Dis-Cerned it correctly.
What the hell is the left hand doing? What's happening under the 24X7 media blare on the EU and Europe in general. Something in Libya perhaps? Or South America. Dilma? Where is the name BAnco Santandar amongst the egrigiously leveraged?
I sense a twist in the tail (yes yes!!!) coming SHORTLY to a market near you.
ORI
Weird World
its not Europe, its world capitalism.
I thought you were too smart to conflate 'capitalism' with the financial oligarchism that is our current system.
Say, this may be off topic, but look at US/Z1 - did we just have an exhaustion gap, outside reversal, gap down TOP???? Friday could have been the blow-off hi in bonds. If so, either stocks will wilt at the thought of higher rates, or money will flow/rebalance into an oversold, bull-scarce stock market.
I can't believe your thinking about trading at a time like this:)
Just heard that Zero Hedge was voted the "TMZ" of the financial world! Where's Brittany Bitchez! lol
Forget Britneys of the world. Zero Hedge is more Scarlett Johansson!
A-list, bitchez!
Nice! Dj 11020 S&P 1160 ans so forth!
Germans would be nuts, totally, to go woth this "plan", if they do, it's all over, for all Europe! Senior Debt holders would "own" Europe said one poster, well think again...do you want to "own" a place ON FIRE!?
Put DJIA 11,000 in, put DJIA 11,000 out, do the hokey pokey and Operation Twist about..
Forget Troika. IT WILL BE PERESTROIKA!
How right you are. At the base level, what we are witnessing here is the collapse of the Western Socialist Nanny State. And just like Gorbi uttered those words made immortal by Roberto Duran, i.e. "No Mas" back in 1985, the time has come for Angie to take the podium in 5,4,3.........
I'll just laugh when Merkel comes out yet again and says 'No Germany is not backing bailing out Europe'.
I like that one Tyler, but I still think the best one is from our own site. An insightful member posted:
"We are going to need a bigger bowl of popcorn".
:)
We're going to need a wheelbarrow
Panic recommended a couple years ago already.
I would recommend you panic
http://www.keepcalm-o-matic.co.uk/i/81794/
So, up 260 today, down 300 tomorrow? What a wreck this market is.
They forgot the option wherein Greece stays on current path, gets additional funding, but further austerity leads back to the political turmoil ending. Hell, I think the political turmoil ending is looped in some fashion to the global meltdown ending.
+ 277
I don't agree with the Pyrrhic Victory branch. There will be revolution before it get anywhere near that.
And not one of the outcomes is good.
Truth is.
The only outcome here is a lot of pain.
This EFSF leverage idea is insanity beyond the usual.
"This EFSF leverage idea is insanity beyond the usual"
I'd say not the leverage but the size is laughable, 480 billion?
Greece alone have about 680+ billion in debt.. They need 2 Trillion
at least
Didn't make myself clear there.
I mean't leveraging the €480bn to €2tn.
Of course the €480bn has not even been committed yet.
There's a great scene in the first Dirty Harry movie. Harry goes into a church and ends up blowing away a revolutionary priest who was trying to kill him. The priest is lying on the church floor in a pool of blood and Harry say's : your a priest. Why did you do things like this. And the priest answers: "sacrifices have to be made, Mister". And the people who will have to decide whether they make the sacrifice are the same folks that gave the world the term Faustian Pact:) Yes me Lord, you can't make this stuff up!
'Leveraging up leverage'....JUST what they promised us a couple years ago they saw the error of their ways from and really learned their lesson this time and certainly would NEVER do it again, we promise if you just hand over the blank check book or else tanks will be in the streets within 24 hours'
Hank Paulson.
Tobacco, coffee and Hersheys.
lots of weed, scotch and cheetos! and snapple. peach, of course.
Banksters can offload their junk at 1000s of percent of their value to taxpayers, stocks surge in anticipation of junk buyers ready to fill their boots with cement
Ummm... How about the Greek people wake up, realize they have been living beyond their means, and voluntarily reduce their lifestyles to match their incomes. Thus setting an example for the rest of the world to follow in short order.
They can only do that outside the Eruo.
[self-deleted]
Did you watch Sparta too many times?
That'll happen. Right away. Real soon, now. No, really!
Did ... I just see a pig go by outside my window?
I'd like to place my wager on "MORAL HAZARD" please. Thanks!
Tyler, can we have an online poll? I vote for Moral Hazard too.
there is so much bullshit on this string
from the usual suspects, too!
certain public political legal structures and corporate (private gooberment) legal structures are insolvent and cannot, apparently, get solvent under the C Banksterism lies of our "post-modern" world even when entire nations' wealth is put at their more-or-less personal disposal
so, they need to fail and get liquidated, and try to start over, if anyone is interested in backing the same psychos, again, with fresh "start-up" capital for their corpo-fascist little "rip-off" scams and "military-industrial" patently lawless and ongoing aggressions
if the peoples of the world wake up to their own self-interest, here, and are able to avoid the constant barrage of propaganda & false dichotomies, THEY will be lighting the fuse by political consensus
Commander Cody, Jerry Garcia, Elvis Costello, Sammy Hagar - YouTube [riot in cellblock # 9]
this isn't too complex, really; but there is so much bullshit flying here and elsewhere as to make it difficult for folks to stay focused and simple:
LET THE FAILURES FAIL!
this isn't about 'your' investments or bets, currencies, RE, peak oil, or jesus, astrology, social security, or historic myth or turnings, people. it is about liquidating economic failure ww.mistakes.con and getting on with renewed economic life and honest efforts and guidelines, and people
if you can appreciate that FACT and see how damned near everything "we" are getting from all sources seeks to confuse and bewilder those who do not hold onto the Real, by the most successful criminal cabals in the history of the planet, you'll not go totally insane, here, like those who can not understand what has been right in front of them for several years, now......
We are ALL "dancing with the stars" now ...
Fair sailing slewie!
6) Clone LIESman.
Bigger flowchart? It's a friggin' fractal!
Debt begets debt begets debt begets debt begets debt begets debt begets debt...
Am I the only one who read the title as "We're Going To Need A Bigger Flamethrower" ?