I posted months ago that there is a PR Propaganda battle going on between the US$ and the Euro wrt the Govt. bond market.
Which is safer ? .. US Tbonds or Eurozone bonds ?
LOL .. neither ! …. but the illusion ( buy US Tbonds ) continues !
If “They” can attack the Euro, smash it then that might buy the $ sometime. BTW A Number of Top british political people are now saying that Britan faces a nasty “Event” very soon.
Darling rules out help for Greece..Eurocanibalism? The balir link is a live broadcase, blair says the iraq sanctions didn’t work, the people where suffering and 911 changed the risk assesment so they had to end the power of iran, iraq, syria, north korea and afganistan..worth a listen..
Where is Bono-banana. Hey Mep he is irish. Soo. Wher is U2. Save Greece save Iceland. And what about Ireland BonanaU2 ?
Has Bono-Banana-U2 something to say about the organs salesman of freshly butchered orphans children. “We are the world.” Yeah bullshit. It never ends. What’s the debts of Greece the pseudo-government again ? 464 billion euros ? Wonder where all that money went ? Anyways at 7,15% it makes about a nice 50 billion euros just to pay the interests per year for 10 million people ? This Greece is KAAAAAPUT.
Rounding the numbers. They ain’t nothin left in Greece to lend with. Nothingness everywhere in Euhhh-rope. 47,000 euros of debt per greek citizen. 186,000 euros of debt per family of 4,
And the greek government has a reputation of bein a real bad tax collector. Who the hell lended all this money anyways ? and for what ? Nagging question. For another real estate bubble by any chance ?
Think it’s all a big storm in a little glass of water and a good distraction from the biggest U.S. problems which in the long run will cause the most pain in worlds economy.
Greece always was, like the other PIIGS, the weak brother in the ECB.
That guardian article read like a shitty pity piece;
“BOOOHOO we’re being attacked by speculators as if we were a third world country….”
Eat shit and give me a break. You built and profited from this system financial capitalism for decades and now that the tables have turned you’re going to cry about it? Pft….
Greece has gold indeed but at the current price ? Bah, Not even worth mentionning It’s like the 300 tons left to Britain or the 100 tons to Spain. It would cover a week of interest on the debt. It’s about the same in Greece. Don’t recall how many tons they have ? As for mining in Greece ? The place is rat hole for miners. Wouldn’t invest a dime in mining in Greece. Been burnt there once. The Hellas with them.
Greece is wooing China to buy up to E25 billion of government bonds, a move that underlines Beijing’s growing financial power, as Athens struggles to fund soaring public debt.
Goldman Sachs, the US investment bank, has been promoting a Greek bond sale to Beijing and the State Administration of Foreign Exchange (SAFE), which manages China’s $2,400 billion foreign exchange reserves, said people familiar with the issue.
Gary Cohn, Goldman Sachs chief operating officer, has made two trips to Athens — last November and this month — to meet George Papandreou, prime minister, and senior officials.
Beijing has not agreed to such a purchase. Meanwhile, Athens has rejected a suggestion that a Chinese bank should acquire a strategic stake in National Bank of Greece, the country’s flagship commercial lender, according to officials contacted by the Financial Times.
But a more modest deal of about E5 billion-E10 billion ($7 billion-$14 billion) appeared possible after Mr Cohn’s second trip to Athens, officials said on Tuesday.
George Papaconstantinou, finance minister, told the FT he would visit China on a road show next month, but “no target is set” for a debt placement.
China’s foreign exchange reserves grew $130 billion in the last quarter of 2009 alone. But people close to Safe said China already held a “significant amount” of Greek debt and was wary of adding to that.
A senior Greek finance ministry official said Athens would welcome Chinese buyers of its bonds. The official declined to specify an amount, though a figure of E20 billion-E25 billion was raised in talks with Goldman Sachs.
A E5 billion syndicated loan issue by Greece this week attracted bids worth more than E20 billion, but Greece continues to face pressure in financial markets.
Goldman Sachs mooted the sale of equity in NBG to Bank of China, the country’s third-largest commercial lender by assets, and made a similar proposal to China Investment Corp., China’s sovereign wealth fund, according to officials.
Chinese officials said CIC was not interested and that regulators would not let BoC make such a risky investment. Goldman Sachs and CIC declined to comment. A Bank of China spokesman said: “I haven’t heard anything about it.”
@ P/G
The worst part is Common sense will prevail
But the whole Process will eventually cost 400 pounds I guess of tax payers money
I could do with spare 400 pounds
Hic
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The Eurozone is a nice concept, but it created a situation in which the lifeblood can suddenly pull out of some of its parts, crippling the local economies. They should institute a penalty on such flows, for instance create euro subzones with rates of transfer. Omg, that almost sounds like having different floating currencies!
Its true, in the UK we are not allowed to blow anything anymore. Sucking is still ok however, as demonstrated regularly by the government when accomadating the whims of the city.
@Mother Earth
The Eurozone created the illusion of wealth. A lot of eastern european countries and the PIIGS saw Europe as a sort of USA or infinite cow to milk. Morons. Yes greek morons included. Everybody suffers from this delusion. Try to make an big european USA and like by magic everybody will have a pink cadillac or a freakin mercedes. Greeks and all the PIIGS were as dumb dumb as that. “We get in the eurozone and voilà ! Everything becomes rosy and the sky is the limit.” It’s not even true for the USA. People are really morons when they think that big is beautiful. Big is mostly dumb, corrupt and costly. Eurozone is looking more and more like the ex USSR.
Let’s hope and pray that Iceland says Non merci to the european golden prison. Nice hell indeed. And you can’t even devalue your currency to compete. Boy. Greeks are going to ger runned in the ground. Like Spain and all the PIIGS. Ireland will look like a nice wasteland for long.
Can we drop the pigs acronym? Its so distasteful. I’m quite sure that is would not be used by ‘brown people’, unless they were blindfolded and fell out a door in the sky!
@Marc, I disagree the EU arose out of ww2, it is nothing like the US (thankfully), and God forbid it that it ever should. The European project is about a lot more than just a common currency.
Personally I can’t think of any place in the world I’d rather be except say Asturias in summer and Rome in winter, hey wait a miute there both in Europe.
Ireland has benfitted greatly from EU membership and I don’t mean monetarily (we gave up vast fishing rights). It has been through the European court of human rights, that gays and women have gotten equal rights here in Ireland. Also EU membership contributed to peace in N.Ireland. Being part of the EU keeps the Brits and the Church at bay.
Personally I’d be more than happ to hand over the running of the country to the Krauts anyday.
Marc see when ye say the east thats not really Europe in my mind, Ukraine, Latvia, Belarus et al, they don’t count as Europe, now on the other hand Turkey, Turkey is European, at least the Greek/Roman bit is, ye know Constantinople and Ephesus. But the east naaa, that would be like Canadians saying there Americans
“Think it’s all a big storm in a little glass of water and a good distraction from the biggest U.S. problems which in the long run will cause the most pain in worlds economy.”
And the PIIGS had exactly the same attitude. Why do you think that Spain, Ireland and Greece are in deep sh– ? Sugar daddy Europe. Sorry. It’s the way they perceive Europe. A Harry Potter solution. We get in the eurozone and like magic money and honey will flow effortlessly.
As for eastern Europe I didn’t hear your comment. Yes they are european. The Cold War is finished David. Eastern Europe is Europe, more european and continental than Great Britain in a certain way. Historically Germany and Austria have more in common with Russia, Tchekia, Slovakia, Hungary, Poland, Ukraine, Biolorussia and Yougoslavia than Great Britain. I am dumbfounded when I read such a comment.
@Marc & David:
Hate to break it to you guys, but Europe is the grandpappy of colonialism, genocide, and war. We Americans gotta-hand-it-to-them: they sure did a number on the J +ewish population numbers. Wasn’t it the Germans who coined the term judenrein?
Looks like y’all have something you could learn from the people you term pigs.
Marc, Spain Greece and Italy are in trouble from the ‘financial terrorists’ activities: Italy was tag-teamed by Goldman Sachs.
Why doesn’t Europe step away from its colonial interests? Why did they force that Lisbon treaty down the Irish throats?
Didn’t you already write the sentence “screw the ECB”, Marc? Whose interests do you believe that the European superstate EU structure is set to forward? Certainly not the interests of the common people. I linked this yesterday: it says it all:
@frances
Hey Frances. Read correctly your US history and stop the freakin propaganda crap. USA hypocrits. Abudant genocides by all Madame Snoot. And guess what ? Even the jewish people dit some of them on other nations ! Nobody is clean dear Snoot. Personne Snoot. So stop saying that Europe invented. Europe invented nothing Snoot. Nothing black and white. Human nature is the same everywhere chère madame. Read your world history correctly. Staline and Hitler are not alone in the list of mass murderer. Modern concentration are a US invention. Bet you didn’t know that dear Snootie.
Africans had empires and slaves. Indians has empires and slaves. China had an empire and slaves. You are full of beans Snoot. Arabs had empires and slaves. Persians had an empire and slaves. The Mongols had an empire and slaves. The list too long Snoot. Hitler and Stalin perfected the thing but they invented nothin Snoot. NOTHIN !
Empires and colonialism has always been worldwide.
Modern concentration camps were first used in the USA snoot during the civil war. And the Warsaw ghettos were copied on the same model USA used to exterminate the Indians int their “reservations”.
“But a chorus of warnings this week about the hazards of government borrowing from Dubai to Greece and the U.K. has rattled markets around the globe—and some of those early bets are starting to pay off. On Wednesday, Standard & Poor’s Ratings Services changed its outlook on Spain’s credit rating to negative, a sign that a downgrade could lie ahead. A day earlier, Fitch Ratings cut Greece’s credit rating to the lowest in the 16-member euro zone. On Monday, S&P cut Portugal’s outlook to negative.”
Whom do these rating agencies prostitute themselves for???
Snoot, yes, but despite all that Europe for me anyway is the centre of everything, I care to like the Germans for J.S. Bach, Thomas Mann, and Freud and on and on and on. As for the Jews try 20million Russians, who cares, the Jews are nothing special, lots of people died in the war, I had family who died in the war, both fuckin’ wars actually, the Jews are just as bad as the Germans and they been at it longer and they haven’t learnt anything from it. The first sentence in the German constitution guarantees the dignity of man, the first sentence The Diginity of Man, now thats what being a European and the European project is about in my humble opion.
IN future, please do not refer to me as “Dear Snootie” for I will not represent anything to you except a ‘dear pain’, and I find the term exceedingly chauvinistic.
You spend the entirety of your posts trashing Americans. Reread them. Then you proceed to tell me that “Human nature is the same everywhere chère madame.”
Well, if it’s so, then why bother to direct your venom solely at American hypocrisy? The EU is set in service for the wealthy elite: any rhetoric otherwise is a blatant forgery of lies.
“A lot of eastern european countries and the PIIGS saw Europe as a sort of USA or infinite cow to milk. Morons. ”
I’m afraid you have mistaken who is being milked by whom, Marc. It is the rich international elites who are settling in like vultures upon the poor. These same elites use national sovereign structure and international Bretton Woods institutions to do their bidding. Sickening.
I’m referring to colonial interests, Marc, and global empire. The dollar was used to give America an unfair advantage worldwide: I have never palliated American sins. You have no right to call me a hypocrit.
Why don’t you research France’s little venture in Nigeria to secure their uranium? I’m sure you are right: but your blatant disregard for criminal colonial acts worldwide in preference for some vitriol aimed at one country is ludicrous.
The US military should abandon their bases and constrain their activities: but these activities do not proceed from a sovereign US base but instead from a sanctimonious international base firmly set in Europe through the work of the IMF and the UN.
Fatal Spain you should add. And the country with Catalonia and the Basques has a real good chance of exploding. Nobody seems to notice that Spain too will olé! olé! olé!
@David:
The J+ews were something special: the J+ews were persecuted solely for their faith. Hitler attempted to derive some scientific basis to his nasty predilections: but the fact remains that J+ews are J+ewish due to their adherence to a form of ritual and faith.
Hitler did not distinguish between Ashkenazi and Sephardic J+ews, but forced the members of the faith to wear a star of derision.
The hatred Hitler coined is relevant to remember as “never again” are a people marginalized because of an adherence to a form of religion. I see the faintest beginnings of the same hatred: it is being foisted upon all fundamental believers.
Why did Sarkozy insist that the burka may not be worn? Who is he to judge a faith? He represents the ‘new intolerance’ a form of the old ethnocentric intolerance which Marc is right to label as international: but it is now seen as a form of essential European arrogance.
@snoot
What the hell do you know about the burka ? Go live to Afghanistan just for the fun of it. Political correctness has its limits. The burka is an aberration. Even modern progressive arab countries and Turkey bans it. You know nothing about the heavy and horrible symbolism of that piece of clothes. Go live in Kaboul for a year. You’ll understand what the burka is really about. It’s about opression. Yeap.
Sarkozy is right, he should go farther he should do away with the whole fuckin lot, their all fuckin’ headbangers, Jews, Muslims, Christians, what is it about the descendants of Abraham, murdering incestous camel herders, piss right off.
I am no fan of Sarkozy, but on the burka he is 1,000,000,000 % right. Cut the middle age crap Snoot. Yes the females were kept in harems and had to wear the burka. It’s an indication that the lady is private property, a little bit like a piece of furniture. No even worse than a furniture. In Afghanistan if a man wishes to kill his wife, usually there is no real problem. It’s considered a very menial crime. Like killing a dog. Cut the crap Snoot. You know nothin about Afghanistan.
@Marc;
What? Is this the new war, Marc? Are you to sit as judge and executioner of an entire culture? Women are marginalized everywhere: the use of rhetoric now extends beyond hypocrisy to employ itself against an entire people FOR COLONIAL INTEREST.
“We” feel ‘sorry’ for the Islamic women, so we are going in with American arms (bloody bullshit they’re not) and troops (Germany is forcing the sanctions on Iran) to ‘free’ the women and ‘educate’ the children: Woohooo! Great society! Oh, and whilst we’re there (under the righteous bloody armour of the UN/nuclear five) we will just separate the MILK and keep the cream. The brown people don’t need cream! They need we, the hypocrital ones to tell them what’s right and to give the women ‘freedom’.
When we’re done we expect GRATITUDE.
Why don’t the Europeans JUST LEAVE EVERYONE ALONE.
Jews get over Hitler, really, the Germans their sorry they really are, they have changed their ways, their not stupid they have learnt form their past mistakes, now the Austrians thats a different kettle of fish altogether.
Theres a little bit of Hitler in us all if we’re honest with ourselves.
What? Am I not ‘chere madame’ and ‘dear snoot’ anymore? tsktsk. Now Marc, who has already proven himself to be a chauvinist, is worried about ‘women’s rights’. Goody.
@snoot
Take the plane and go live in Kaboul or even better in the countryside for a couple of months. You know nothing about the burka and how women are treated there. Cushy and ignorant USA. Sorry. It’s true.
David:
How can you spew hate and then love simultaneously.
“Sarkozy is right, he should go farther he should do away with the whole fuckin lot, their all fuckin’ headbangers, Jews, Muslims, Christians, what is it about the descendants of Abraham, murdering incestous camel herders, piss right off.”
“Take the plane and go live in Kaboul or even better in the countryside for a couple of months. You know nothing about the burka and how women are treated there. Cushy and ignorant USA. Sorry. It’s true.”
So now the ‘war’ in Afghanistan has stopped being a ‘war’ and is a ‘humanitarian effort’ to rid the world of the burka? Is this your line of reason, Marc? Or did you pick this little bit up somewhere else?
It’s just that Sarkozy this time, is right. Did you know that in France some fundementalists tried to force girls to wear the burka. One refused and she got murdered for that. Sarkozy must be firm on that question, like the Turks and many arab countries that do not tolerate this. The burka is a regression. We do not have to tolerate such a thing. Tolerance has indeed its limits.
@Marc:
The burka is a representation of something. Do the French want to outlaw breast implants as well? Why not castrate high heels?
Men beat the shit out of women. Men treat women as objects. Men rape women.
I think the burka sucks. I don’t think Sarkozy’s ideas of a prohibition against a religious and cultural more is going to change a thing for women. NOTHING.
It has nothing to do with religion. Religion is just a convenient excuse like that CIA clown Ben Laden. In reality it’s about dope. Production of opium has increased 1400% in the country since the NATO drugs lords are there. Karzai’s brother is the biggest opium dealer in the country.
Religious question, democracy or the plight of women are just an excuse. As usual. It’s about the oil, the pipelines, Iran, Centra Asia and the dope. I am no fan of the Crusades Snoot. You know me better. Russia was there 20 years for the dope. And USA is there too for the dope.
@frances
Did I ever say that it’s different in the USA or here ? I have no western superiority complex Snoot. Humans are quite similar everywhere. But it’s not a reason to encourage a regressive practice.
But the burka prohibition here represents the power of the state (EU/UN) in regulating religious and cultural belief and practice in preference for some state-enabled truth. That is extremely toxic.
@snoot
Thanks for the compliment. I am no God. I leave that to Obama.
Know what Snoot ? You should try it. Nothing better than trying it. But try the real stuff. I ain’t no God. I ain’t no chauvinist pig. I ain’t no arrogant western european imbued with superiority complex. I am what I am. The burka is imposed Snoot by the state. Have your read the Afghani civil code ? Ok. Read it Snoot. Just read it.
Good for France ! and Vive Sarkozy et la République ! It’s about time ! Sarkozy has a good instinct on this question. A lot of muslim women are 100% behind him on that question. Sorry Snoot. It’s the naked trurth.
Obama and Sarkozy are peas in a political pod, Marc. A lot of things that look nicey-nicey are not so nice when applied like balm to one’s own ass. You’ll see.
What if the state outlaws the Catholics? Or the French Canadians can’t speak French?
For your info they tried it. French is not in a real solid position in Canada even today. A lot of english canadian, not all, are still at war, It happened In Ontario, Manitoba and Acadia for 100 years. A lot of damage done. I don’t know what will be left of french culture in North America 100 years from now. Like I said. Even peaceful Canada has these type of stories. Naturally I prefer our problems when I think about the people of Tibet or the Ouigours.
Sarkozy is an hypocrit and a demagogue. I know. The context is explosive in France because some fundementalists, which is a real smal minority of muslims, do not accept the fact that they are in France not Saudi Arabia or Afghanistan. They had problems with the excision of the clithoris of little girls too. In the name of cultural difference you cannot tolerate everything. France is France. USA is USA and Saudi Arabia is Saudi Arabia. And believe me. If you in Saudi Arabia, you do what they say or they throw you out of the country 24 hrs after.
The Roman Empire is an mental illness in Europe but also in the USA. I think Keiser, Kaiser, and Tsar in russian have the same origin. Caesar.
Just love a good bloody Caesar wih a zest of lemmon and a nice piece of fresh and crisp celery. No admirer of the roman empire. Nothing naturally is totally negative.
The Romans were great builders, ingeineers and jurists. Know what really killed them ?
Money printing, Washington and the Pentagone. Same thing. All empires are eaten from within. The same happened to USSR. Don’t have a date for the USA but we are really near,
The new empire will be based in Eurasia. The new paradigm is not money, that’s all.The dollar collapse is an extension of a new power principal. And, unfortunately, US will continue to provide policing services, aka flag-waving Republican soldiered-intentions.
Remember: Yeats called the loss of center and the falcon flying unheeded as a harbinger of a new ‘creature’:
“Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: a waste of desert sand;
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Wind shadows of the indignant desert birds.
The darkness drops again but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?”
@Greek PM warns of speculators are attacking Greece as weak link in euro
Deja Vu ?
Iceland PM warns of speculators are attacking Iceland ‘s Krone
Mornin =D
Is this why the dollar is rallying so much?
Financial rape is morally righteous in capitalism; Europe should change their system rather than whine about it if they don’t like it.
Isn’t the irony that the countries that save themselves if Greece collapses are actually reinforcing the system that puts them at risk?
Blair being questioned about Iraq http://news.bbc.co.uk/2/hi/uk_news/politics/8486631.stm
@Chenjeshu
I posted months ago that there is a PR Propaganda battle going on between the US$ and the Euro wrt the Govt. bond market.
Which is safer ? .. US Tbonds or Eurozone bonds ?
LOL .. neither ! …. but the illusion ( buy US Tbonds ) continues !
The mistake in the beginning with the Euro was allowing finance instruments more complex than sovereign bonds to be created in EUR.
The Euro was only supposed to decrease the number of EU currencies and decrease the hugely annoying FOREX costs that were part of the EU equation.
Allowing loans to be made in EUR was the fatal flaw from the start.
I don’t believe this has anything to do with Chimerica, and the debt bubble it created globally — but it is not helping the Euro.
======
Isn’t the irony that the countries that save themselves if Greece collapses are actually reinforcing the system that puts them at risk?
======
Bird, don’t you mean creating greater risk for themselves for future sovereign default?
If you do, then yes — and Greece is as good a point as any to start a cascade failure.
This is not new — the collapse of the Eastern Roman Empire in the 1490s sent geopolitical shockwaves that are still being felt today.
If “They” can attack the Euro, smash it then that might buy the $ sometime. BTW A Number of Top british political people are now saying that Britan faces a nasty “Event” very soon.
Mike
Darling rules out help for Greece..Eurocanibalism? The balir link is a live broadcase, blair says the iraq sanctions didn’t work, the people where suffering and 911 changed the risk assesment so they had to end the power of iran, iraq, syria, north korea and afganistan..worth a listen..
From Eurozone to well,,,, ZeroZone ZZZZZZZZzzzzzzzzzz,,,,,,
END THE ECB
is the carry trade unwinding?
The european empire is cracking and crumbling. These eurocrats parasites must be a little bit nervous. I would.
Where is Bono-banana. Hey Mep he is irish. Soo. Wher is U2. Save Greece save Iceland. And what about Ireland BonanaU2 ?
Has Bono-Banana-U2 something to say about the organs salesman of freshly butchered orphans children. “We are the world.” Yeah bullshit. It never ends. What’s the debts of Greece the pseudo-government again ? 464 billion euros ? Wonder where all that money went ? Anyways at 7,15% it makes about a nice 50 billion euros just to pay the interests per year for 10 million people ? This Greece is KAAAAAPUT.
Had a look at Blair’s show trial for 5 minutes, looked like he was having an excellent time chatting and laughing, justice be damned.
Rounding the numbers. They ain’t nothin left in Greece to lend with. Nothingness everywhere in Euhhh-rope. 47,000 euros of debt per greek citizen. 186,000 euros of debt per family of 4,
And the greek government has a reputation of bein a real bad tax collector. Who the hell lended all this money anyways ? and for what ? Nagging question. For another real estate bubble by any chance ?
Think it’s all a big storm in a little glass of water and a good distraction from the biggest U.S. problems which in the long run will cause the most pain in worlds economy.
Greece always was, like the other PIIGS, the weak brother in the ECB.
Almunia Says EU Has No `Plan B’ for Greece, Deficit Won’t Lead to Default http://tinyurl.com/yh5qnyo
Senate backs increase in debt limit to $14.3 tln 28 January 2010 (Reuters) http://tinyurl.com/yewg2ck
That guardian article read like a shitty pity piece;
“BOOOHOO we’re being attacked by speculators as if we were a third world country….”
Eat shit and give me a break. You built and profited from this system financial capitalism for decades and now that the tables have turned you’re going to cry about it? Pft….
Since we all boarded Bernakes big printing press Titanic why not print some more funny money and give it to them. Golodman Sachs can, Greece can.
@Marc….Greece still has gold reserves over and above what would be needed to pay off debt.
@Marc….Greece still has gold reserves over and above what would be needed to pay off debt.
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“And we would all go down together” (We=ECB) http://www.youtube.com/watch?v=ZpRuKyksxks
Greece has gold indeed but at the current price ? Bah, Not even worth mentionning It’s like the 300 tons left to Britain or the 100 tons to Spain. It would cover a week of interest on the debt. It’s about the same in Greece. Don’t recall how many tons they have ? As for mining in Greece ? The place is rat hole for miners. Wouldn’t invest a dime in mining in Greece. Been burnt there once. The Hellas with them.
@ y’all
LOLOLOLOL
Shyan Mt. n Bunkers and all
no Spare Parts–> what a stupid Plan.
LOLOLOLOLOL
ROFL PMSL
Hic
http://www.telegraph.co.uk/motoring/news/7092642/Motorist-fined-for-blowing-nose.html
Achtung !!!!!!Papers Please
Motorist fined for blowing nose
I think this is more appropriate here. What is the Goldman connection behind Greece’s bond misery?
http://www.gata.org/node/8276
Goldman Sachs trying to broker Greek bonds to China
Submitted by cpowell on Wed, 2010-01-27 04:38. Section: Daily Dispatches
The investment house gets a cut even when money is flushed down the toilet.
* * *
Athens Invites Beijing to Buy Bonds
By Kerin Hope and Jamil Anderlini
Financial Times, London
Wednesday, January 26, 2010
http://www.ft.com/cms/s/0/65ac74fc-0aaf-11df-b35f-00144feabdc0.html
Greece is wooing China to buy up to E25 billion of government bonds, a move that underlines Beijing’s growing financial power, as Athens struggles to fund soaring public debt.
Goldman Sachs, the US investment bank, has been promoting a Greek bond sale to Beijing and the State Administration of Foreign Exchange (SAFE), which manages China’s $2,400 billion foreign exchange reserves, said people familiar with the issue.
Gary Cohn, Goldman Sachs chief operating officer, has made two trips to Athens — last November and this month — to meet George Papandreou, prime minister, and senior officials.
Beijing has not agreed to such a purchase. Meanwhile, Athens has rejected a suggestion that a Chinese bank should acquire a strategic stake in National Bank of Greece, the country’s flagship commercial lender, according to officials contacted by the Financial Times.
But a more modest deal of about E5 billion-E10 billion ($7 billion-$14 billion) appeared possible after Mr Cohn’s second trip to Athens, officials said on Tuesday.
George Papaconstantinou, finance minister, told the FT he would visit China on a road show next month, but “no target is set” for a debt placement.
China’s foreign exchange reserves grew $130 billion in the last quarter of 2009 alone. But people close to Safe said China already held a “significant amount” of Greek debt and was wary of adding to that.
A senior Greek finance ministry official said Athens would welcome Chinese buyers of its bonds. The official declined to specify an amount, though a figure of E20 billion-E25 billion was raised in talks with Goldman Sachs.
A E5 billion syndicated loan issue by Greece this week attracted bids worth more than E20 billion, but Greece continues to face pressure in financial markets.
Goldman Sachs mooted the sale of equity in NBG to Bank of China, the country’s third-largest commercial lender by assets, and made a similar proposal to China Investment Corp., China’s sovereign wealth fund, according to officials.
Chinese officials said CIC was not interested and that regulators would not let BoC make such a risky investment. Goldman Sachs and CIC declined to comment. A Bank of China spokesman said: “I haven’t heard anything about it.”
@Bonn … Motorist fined for blowing nose
OK, in America, I would believe it.. but in the UK !
Just ridiculous !
Iraq inquiry LIVE!
http://www.guardian.co.uk/uk/2010/jan/29/iraq-war-inquiry-tonyblair
@ P/G
The worst part is Common sense will prevail
But the whole Process will eventually cost 400 pounds I guess of tax payers money
I could do with spare 400 pounds
Hic
Please come visit my twitter; building a database of documentaries. Twitter.com/AMphilosopher
Any suggestions are welcome, having trouble to find some documentaries online (i personally always use bittorrent programs, and collected documentaries for years). Just come take a look around. Would love to debate these issues/solutions, i follow all people who follow me too no exclusions/separation/segregation.
Bonn, sadly common sense will not prevail.
Last year the same officer successfully fined a man who accidentally dropped a £10 note – for littering.
http://www.policeoracle.com/news/Man-Fined-For-Blowing-His-Nose_21744.html
The Eurozone is a nice concept, but it created a situation in which the lifeblood can suddenly pull out of some of its parts, crippling the local economies. They should institute a penalty on such flows, for instance create euro subzones with rates of transfer. Omg, that almost sounds like having different floating currencies!
@ P
Man lunatic cop;
Man How did Bernake get re-appointed ?????
WTF
Hic
Anyone see this one?
Davos 2010: George Soros warns gold is now the ‘ultimate bubble’
http://www.telegraph.co.uk/finance/financetopics/davos/7085504/Davos-2010-George-Soros-warns-gold-is-now-the-ultimate-bubble.html
Bonn:
Its true, in the UK we are not allowed to blow anything anymore. Sucking is still ok however, as demonstrated regularly by the government when accomadating the whims of the city.
@Mother Earth
The Eurozone created the illusion of wealth. A lot of eastern european countries and the PIIGS saw Europe as a sort of USA or infinite cow to milk. Morons. Yes greek morons included. Everybody suffers from this delusion. Try to make an big european USA and like by magic everybody will have a pink cadillac or a freakin mercedes. Greeks and all the PIIGS were as dumb dumb as that. “We get in the eurozone and voilà ! Everything becomes rosy and the sky is the limit.” It’s not even true for the USA. People are really morons when they think that big is beautiful. Big is mostly dumb, corrupt and costly. Eurozone is looking more and more like the ex USSR.
Let’s hope and pray that Iceland says Non merci to the european golden prison. Nice hell indeed. And you can’t even devalue your currency to compete. Boy. Greeks are going to ger runned in the ground. Like Spain and all the PIIGS. Ireland will look like a nice wasteland for long.
Like Spain and all the PIIGS
Can we drop the pigs acronym? Its so distasteful. I’m quite sure that is would not be used by ‘brown people’, unless they were blindfolded and fell out a door in the sky!
HAHAHAHA
Such a clever group here, eh?
@Marc, I disagree the EU arose out of ww2, it is nothing like the US (thankfully), and God forbid it that it ever should. The European project is about a lot more than just a common currency.
Personally I can’t think of any place in the world I’d rather be except say Asturias in summer and Rome in winter, hey wait a miute there both in Europe.
Ireland has benfitted greatly from EU membership and I don’t mean monetarily (we gave up vast fishing rights). It has been through the European court of human rights, that gays and women have gotten equal rights here in Ireland. Also EU membership contributed to peace in N.Ireland. Being part of the EU keeps the Brits and the Church at bay.
Personally I’d be more than happ to hand over the running of the country to the Krauts anyday.
@David
I know David, But still, that’s the way in eastern Europe the eurozone was perceived. It was perceived as huge gravy train.
@dv
easy… ‘D’… stay with us now Y”All hear what I’m saying!!!
: )
Marc see when ye say the east thats not really Europe in my mind, Ukraine, Latvia, Belarus et al, they don’t count as Europe, now on the other hand Turkey, Turkey is European, at least the Greek/Roman bit is, ye know Constantinople and Ephesus. But the east naaa, that would be like Canadians saying there Americans
@ youri
“Think it’s all a big storm in a little glass of water and a good distraction from the biggest U.S. problems which in the long run will cause the most pain in worlds economy.”
and how about England?
And the PIIGS had exactly the same attitude. Why do you think that Spain, Ireland and Greece are in deep sh– ? Sugar daddy Europe. Sorry. It’s the way they perceive Europe. A Harry Potter solution. We get in the eurozone and like magic money and honey will flow effortlessly.
As for eastern Europe I didn’t hear your comment. Yes they are european. The Cold War is finished David. Eastern Europe is Europe, more european and continental than Great Britain in a certain way. Historically Germany and Austria have more in common with Russia, Tchekia, Slovakia, Hungary, Poland, Ukraine, Biolorussia and Yougoslavia than Great Britain. I am dumbfounded when I read such a comment.
Spain decides to use the chain saw. Guess who’s gonna get the chain saw in the face ? Spanish middle class is gonna get it right in the smacker.
50 billion euros reduction of the deficit annouced. Alloha ! It’s gonna be UUUUUGLY ! indeed. I can just imagine the social climate in Spain.
http://www.forexpros.com/news/interest-rates-news/spain-to-announce-spending-cuts-on-friday-116410
I guess the Olympics weren’t the boon that everyone thinks it is.
bad news for Vancouver
@Marc & David:
Hate to break it to you guys, but Europe is the grandpappy of colonialism, genocide, and war. We Americans gotta-hand-it-to-them: they sure did a number on the J +ewish population numbers. Wasn’t it the Germans who coined the term judenrein?
Looks like y’all have something you could learn from the people you term pigs.
Marc, Spain Greece and Italy are in trouble from the ‘financial terrorists’ activities: Italy was tag-teamed by Goldman Sachs.
Why doesn’t Europe step away from its colonial interests? Why did they force that Lisbon treaty down the Irish throats?
Didn’t you already write the sentence “screw the ECB”, Marc? Whose interests do you believe that the European superstate EU structure is set to forward? Certainly not the interests of the common people. I linked this yesterday: it says it all:
http://www.euractiv.com/en/financial-services/investment-funds-winning-war-regulation/article-187747
BTW: Racism in any form should not be tolerated.
Marc your Canadian you can no knowledge of what it is to be European, why dumbfounding at all, I’ll define who I am, I can’t be you, you can’t be me.
@frances
Hey Frances. Read correctly your US history and stop the freakin propaganda crap. USA hypocrits. Abudant genocides by all Madame Snoot. And guess what ? Even the jewish people dit some of them on other nations ! Nobody is clean dear Snoot. Personne Snoot. So stop saying that Europe invented. Europe invented nothing Snoot. Nothing black and white. Human nature is the same everywhere chère madame. Read your world history correctly. Staline and Hitler are not alone in the list of mass murderer. Modern concentration are a US invention. Bet you didn’t know that dear Snootie.
@AMPhiliosopher
Good list of documentaries here:
http://solari.com/blog/?page_id=440
Africans had empires and slaves. Indians has empires and slaves. China had an empire and slaves. You are full of beans Snoot. Arabs had empires and slaves. Persians had an empire and slaves. The Mongols had an empire and slaves. The list too long Snoot. Hitler and Stalin perfected the thing but they invented nothin Snoot. NOTHIN !
Empires and colonialism has always been worldwide.
Modern concentration camps were first used in the USA snoot during the civil war. And the Warsaw ghettos were copied on the same model USA used to exterminate the Indians int their “reservations”.
http://online.wsj.com/article/SB10001424052748704825504574586410597112166.html
“But a chorus of warnings this week about the hazards of government borrowing from Dubai to Greece and the U.K. has rattled markets around the globe—and some of those early bets are starting to pay off. On Wednesday, Standard & Poor’s Ratings Services changed its outlook on Spain’s credit rating to negative, a sign that a downgrade could lie ahead. A day earlier, Fitch Ratings cut Greece’s credit rating to the lowest in the 16-member euro zone. On Monday, S&P cut Portugal’s outlook to negative.”
Whom do these rating agencies prostitute themselves for???
http://www.lewrockwell.com/orig10/evans-pritchard19.html
ECB Prepares Legal Ground for Euro Rupture as Greek Crisis Escalates
by Ambrose Evans-Pritchard
Snoot, yes, but despite all that Europe for me anyway is the centre of everything, I care to like the Germans for J.S. Bach, Thomas Mann, and Freud and on and on and on. As for the Jews try 20million Russians, who cares, the Jews are nothing special, lots of people died in the war, I had family who died in the war, both fuckin’ wars actually, the Jews are just as bad as the Germans and they been at it longer and they haven’t learnt anything from it. The first sentence in the German constitution guarantees the dignity of man, the first sentence The Diginity of Man, now thats what being a European and the European project is about in my humble opion.
IN future, please do not refer to me as “Dear Snootie” for I will not represent anything to you except a ‘dear pain’, and I find the term exceedingly chauvinistic.
You spend the entirety of your posts trashing Americans. Reread them. Then you proceed to tell me that “Human nature is the same everywhere chère madame.”
Well, if it’s so, then why bother to direct your venom solely at American hypocrisy? The EU is set in service for the wealthy elite: any rhetoric otherwise is a blatant forgery of lies.
“A lot of eastern european countries and the PIIGS saw Europe as a sort of USA or infinite cow to milk. Morons. ”
I’m afraid you have mistaken who is being milked by whom, Marc. It is the rich international elites who are settling in like vultures upon the poor. These same elites use national sovereign structure and international Bretton Woods institutions to do their bidding. Sickening.
I’m referring to colonial interests, Marc, and global empire. The dollar was used to give America an unfair advantage worldwide: I have never palliated American sins. You have no right to call me a hypocrit.
Why don’t you research France’s little venture in Nigeria to secure their uranium? I’m sure you are right: but your blatant disregard for criminal colonial acts worldwide in preference for some vitriol aimed at one country is ludicrous.
The US military should abandon their bases and constrain their activities: but these activities do not proceed from a sovereign US base but instead from a sanctimonious international base firmly set in Europe through the work of the IMF and the UN.
look it up
Fatal Spain you should add. And the country with Catalonia and the Basques has a real good chance of exploding. Nobody seems to notice that Spain too will olé! olé! olé!
@David:
The J+ews were something special: the J+ews were persecuted solely for their faith. Hitler attempted to derive some scientific basis to his nasty predilections: but the fact remains that J+ews are J+ewish due to their adherence to a form of ritual and faith.
Hitler did not distinguish between Ashkenazi and Sephardic J+ews, but forced the members of the faith to wear a star of derision.
The hatred Hitler coined is relevant to remember as “never again” are a people marginalized because of an adherence to a form of religion. I see the faintest beginnings of the same hatred: it is being foisted upon all fundamental believers.
Why did Sarkozy insist that the burka may not be worn? Who is he to judge a faith? He represents the ‘new intolerance’ a form of the old ethnocentric intolerance which Marc is right to label as international: but it is now seen as a form of essential European arrogance.
http://www.cphpost.dk/news/politics/90-politics/48084-no-burka-ban-forthcoming.html
http://www.examiner.com/x-2359-Evangelical-Examiner~y2010m1d26-German-homeschool-family-granted-political-asylum-by-federal-judge?cid=edition-by-channel-rss-National-Religion_and_Spirituality
@snoot
What the hell do you know about the burka ? Go live to Afghanistan just for the fun of it. Political correctness has its limits. The burka is an aberration. Even modern progressive arab countries and Turkey bans it. You know nothing about the heavy and horrible symbolism of that piece of clothes. Go live in Kaboul for a year. You’ll understand what the burka is really about. It’s about opression. Yeap.
Sarkozy is right, he should go farther he should do away with the whole fuckin lot, their all fuckin’ headbangers, Jews, Muslims, Christians, what is it about the descendants of Abraham, murdering incestous camel herders, piss right off.
I am no fan of Sarkozy, but on the burka he is 1,000,000,000 % right. Cut the middle age crap Snoot. Yes the females were kept in harems and had to wear the burka. It’s an indication that the lady is private property, a little bit like a piece of furniture. No even worse than a furniture. In Afghanistan if a man wishes to kill his wife, usually there is no real problem. It’s considered a very menial crime. Like killing a dog. Cut the crap Snoot. You know nothin about Afghanistan.
@Marc;
What? Is this the new war, Marc? Are you to sit as judge and executioner of an entire culture? Women are marginalized everywhere: the use of rhetoric now extends beyond hypocrisy to employ itself against an entire people FOR COLONIAL INTEREST.
“We” feel ‘sorry’ for the Islamic women, so we are going in with American arms (bloody bullshit they’re not) and troops (Germany is forcing the sanctions on Iran) to ‘free’ the women and ‘educate’ the children: Woohooo! Great society! Oh, and whilst we’re there (under the righteous bloody armour of the UN/nuclear five) we will just separate the MILK and keep the cream. The brown people don’t need cream! They need we, the hypocrital ones to tell them what’s right and to give the women ‘freedom’.
When we’re done we expect GRATITUDE.
Why don’t the Europeans JUST LEAVE EVERYONE ALONE.
Believe me it would do the world of good.
Jews get over Hitler, really, the Germans their sorry they really are, they have changed their ways, their not stupid they have learnt form their past mistakes, now the Austrians thats a different kettle of fish altogether.
Theres a little bit of Hitler in us all if we’re honest with ourselves.
@Marc:
What? Am I not ‘chere madame’ and ‘dear snoot’ anymore? tsktsk. Now Marc, who has already proven himself to be a chauvinist, is worried about ‘women’s rights’. Goody.
@snoot
Take the plane and go live in Kaboul or even better in the countryside for a couple of months. You know nothing about the burka and how women are treated there. Cushy and ignorant USA. Sorry. It’s true.
You know nothin about Afghanistan.
I know we, representing western civilization, have absolutely no reason to be there without invitation.
David:
How can you spew hate and then love simultaneously.
“Sarkozy is right, he should go farther he should do away with the whole fuckin lot, their all fuckin’ headbangers, Jews, Muslims, Christians, what is it about the descendants of Abraham, murdering incestous camel herders, piss right off.”
“Take the plane and go live in Kaboul or even better in the countryside for a couple of months. You know nothing about the burka and how women are treated there. Cushy and ignorant USA. Sorry. It’s true.”
sorry David: I linked Marc.
You, at least, are consistently hateful.
Snoot “Why don’t the Europeans JUST LEAVE EVERYONE ALONE.” hahahahaha pull the other one, it has bells on hahahaha.
@snoot
Again Snoot. Try it.
So now the ‘war’ in Afghanistan has stopped being a ‘war’ and is a ‘humanitarian effort’ to rid the world of the burka? Is this your line of reason, Marc? Or did you pick this little bit up somewhere else?
Sounds remarkably unesco.
“Consistently hateful” oh my
http://www.rnw.nl/africa/article/unesco-chief-wants-ban-burqa
http://www.bravenewtraveler.com/2009/06/24/womens-rights-or-politics-french-president-tries-to-ban-burqa/
http://www.thefirstpost.co.uk/49369,news-comment,news-politics,nicolas-sarkozy-proposed-burka-ban-is-a-challenge-to-the-france-left-islam-europe
@snoot
You liked me. I still like you snoot.
It’s just that Sarkozy this time, is right. Did you know that in France some fundementalists tried to force girls to wear the burka. One refused and she got murdered for that. Sarkozy must be firm on that question, like the Turks and many arab countries that do not tolerate this. The burka is a regression. We do not have to tolerate such a thing. Tolerance has indeed its limits.
@Marc:
The burka is a representation of something. Do the French want to outlaw breast implants as well? Why not castrate high heels?
Men beat the shit out of women. Men treat women as objects. Men rape women.
I think the burka sucks. I don’t think Sarkozy’s ideas of a prohibition against a religious and cultural more is going to change a thing for women. NOTHING.
The problematic is men, Marc.
@snoot
It has nothing to do with religion. Religion is just a convenient excuse like that CIA clown Ben Laden. In reality it’s about dope. Production of opium has increased 1400% in the country since the NATO drugs lords are there. Karzai’s brother is the biggest opium dealer in the country.
Religious question, democracy or the plight of women are just an excuse. As usual. It’s about the oil, the pipelines, Iran, Centra Asia and the dope. I am no fan of the Crusades Snoot. You know me better. Russia was there 20 years for the dope. And USA is there too for the dope.
@frances
Did I ever say that it’s different in the USA or here ? I have no western superiority complex Snoot. Humans are quite similar everywhere. But it’s not a reason to encourage a regressive practice.
Snoot,
David:
How can you spew hate and then love simultaneously.
I think thats what you would call ambivalence.
But the burka prohibition here represents the power of the state (EU/UN) in regulating religious and cultural belief and practice in preference for some state-enabled truth. That is extremely toxic.
@Marc:
Who made you god to decide for other’s what is or is not regressive?
In reality it’s about dope.
http://www.unesco.org/nac/geoportal.php?country=AF&language=E
@snoot
Thanks for the compliment. I am no God. I leave that to Obama.
Know what Snoot ? You should try it. Nothing better than trying it. But try the real stuff. I ain’t no God. I ain’t no chauvinist pig. I ain’t no arrogant western european imbued with superiority complex. I am what I am. The burka is imposed Snoot by the state. Have your read the Afghani civil code ? Ok. Read it Snoot. Just read it.
@Marc:
The prohibition we were discussing is occurring in France, not Afghanistan. The law would proceed against those in France wearing the burka.
Good for France ! and Vive Sarkozy et la République ! It’s about time ! Sarkozy has a good instinct on this question. A lot of muslim women are 100% behind him on that question. Sorry Snoot. It’s the naked trurth.
Obama and Sarkozy are peas in a political pod, Marc. A lot of things that look nicey-nicey are not so nice when applied like balm to one’s own ass. You’ll see.
What if the state outlaws the Catholics? Or the French Canadians can’t speak French?
Quelle tristesse.
The burka-wearing women will be forced to remain indoors, Marc. Things aren’t so easy to remedy, especially with hypocrits like Sarkozy at the helm.
http://www.independent.ie/business/european/trichet-proposes-extra-crisis-powers-for-ecb-2010957.html
@Marc:
France stands in warning from Fitch for a sovereign downgrade since December:
http://www.chinapost.com.tw/business/europe/2009/12/24/237918/Fitch-issues.htm
France is debt troubles:
http://www.chinapost.com.tw/business/europe/2009/12/31/238706/French-public.htm
@frances
For your info they tried it. French is not in a real solid position in Canada even today. A lot of english canadian, not all, are still at war, It happened In Ontario, Manitoba and Acadia for 100 years. A lot of damage done. I don’t know what will be left of french culture in North America 100 years from now. Like I said. Even peaceful Canada has these type of stories. Naturally I prefer our problems when I think about the people of Tibet or the Ouigours.
Sarkozy is an hypocrit and a demagogue. I know. The context is explosive in France because some fundementalists, which is a real smal minority of muslims, do not accept the fact that they are in France not Saudi Arabia or Afghanistan. They had problems with the excision of the clithoris of little girls too. In the name of cultural difference you cannot tolerate everything. France is France. USA is USA and Saudi Arabia is Saudi Arabia. And believe me. If you in Saudi Arabia, you do what they say or they throw you out of the country 24 hrs after.
@snoot
Do in Rome as the Romans do. It’s a very old proverb. It’s true for any country.
@Marc:
Yes, but Rome extended their reach far beyond the bounds of country.
@Y’All
er… when in rome don’t be a christian!!!
Just as Keiser Report renegade economist predicted. Well done ya’all
@snoot
The Roman Empire is an mental illness in Europe but also in the USA. I think Keiser, Kaiser, and Tsar in russian have the same origin. Caesar.
Just love a good bloody Caesar wih a zest of lemmon and a nice piece of fresh and crisp celery. No admirer of the roman empire. Nothing naturally is totally negative.
The Romans were great builders, ingeineers and jurists. Know what really killed them ?
Money printing, Washington and the Pentagone. Same thing. All empires are eaten from within. The same happened to USSR. Don’t have a date for the USA but we are really near,
Last time I checked, Marc, Rome was in Europe.
The new empire will be based in Eurasia. The new paradigm is not money, that’s all.The dollar collapse is an extension of a new power principal. And, unfortunately, US will continue to provide policing services, aka flag-waving Republican soldiered-intentions.
Remember: Yeats called the loss of center and the falcon flying unheeded as a harbinger of a new ‘creature’:
“Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: a waste of desert sand;
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Wind shadows of the indignant desert birds.
The darkness drops again but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?”
Twenty centuries of stony sleep!