Stacy Summary: Of course, all the hedge funds and Goldman Sachs’ of the world knew they could count on the German government ultimately capitulating and paying off these debts to them; I am sure they had fun playing yet another game of chicken. (@Phil/Germany and others from Germany, I’d like to know how this story has been playing out in your country; I believe the German population had to be promised that joining the euro would not leave them vulnerable to precisely this sort of event of bailing out other nations? Thanks for your opinion in comments). Merkel is denying the report, but it looks like the speculators have written the story for her.
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@California Doctor.
“Just doin God’s work.” Virus Blankfecalfien.
@ California Doctor
Thanks for the explanation. Especially, I like your explanation of the nature of virus with the funancial system.
@ nobody – “live virus” use by the MSM
HA ha ha hahhh ROTFL LOL ROTFLOL
That’s a great question my friend!
A virus is really not really “alive”. It’s a protein ball with nucleic acids inside. So, it infects a cell and takes over the machinery. It’s sort of like the Bildeberg run Agencies…they land a parasitic financial terrorist on an innocent and otherwise normal corporation/cell. The parasite then injects itself into the operations of the business, taking over accounts, high-jacking transactions, and then replicates itself. Meanwhile, the rest of the surrounding cells start to fall prey to the new recruits and they do the same thing.
Now, you end up with the entire organism dying because the entire organ is taken out. It reminds me of large TBTF banks. A few parasites land these otherwise formerly functional corporations and then a few years later they’re a rotting hulk of its former glory.
To answer your question, vaccines come as “inactivated” or “live virus” vaccines. The inactivated vaccines only have proteins isolated from the vaccine. These are usually the shell proteins around the virus. When you inject these proteins in a patient, the person mounts an immune response to the protein by making anti-bodies to the proteins. These antibodies hang around in your body and wait for the virus to show up again.
Some viruses (Measles, Mumps, Rubella, Chickenpox, Influenza) have licensed live virus that is in the vaccine instead of just protein. These viruses have had genetic engineering done to strip the replication enzymes/signals out of the virus. Therefore, when you inject these “live virus” vaccines, you are actually injecting a virus which causes an fuller immune response.
In the video clip, Marc Faber says that I am sorry to say that i said on Bloomberg “stocks going to rise” when the man with glasses asked whether he missed the rise in stock market in March last year or not. Hahaha!! i can stop chuckling.
@California Doctor
Thanks for the link.
Anyway,Could you please tell me why journalists are using terms like ” live virus’?
As you know virus is not a being but a thing. What’s the meaning of “live virus?
Whenever i read articles about flu virus and flu vaccine, the terms like “live virus” appear. the more i read about flu virus, the more my head gets cloudy.
my English is so so. May be that’s why i am missing something?
@nobody-
http://www.businessinsider.com/cnbc-anchors-freak-out-after-marc-faber-says-us-will-default-2010-2?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29
Marc Faber says the monetization will continue…and that the US will default…making the CNBC anchors have a seizure.
We do not have stock market anymore. we have fish market. It stinks!!!
@Depression Alert
“This country feels so fake now. The food is fake, the water is fake, campaign promises are fake, news is fake, everything that comes from Washington, D.C. is fake, our economy is fake, the reporting of chief economic indicators is fake and most of the people are fake because they base their decision-making processes on fake facts” —-> Sad, sad but true.
Feel like something big is coming. The news links about China and Gemany by @Phil/Germany are intersting.
The tinyURL is
http://tinyurl.com/yf3weuq
Podcast of the 6 PM John and Ken Show from AM 640 in Los Angeles KFI-AM.
Talking about California politics and unemployment issues in California
For those outside of California and who might be interested in the real experiences of people in California, check out this podcast from KFI 640.
This particular program is the number one rated Southern California drive time talk radio program. The broadcast talks about California politics, including global warning.
But, I post this program in order to permit people in other nations to hear from people in California about the falsified unemployment data.
Check out 20 minutes 20 seconds into the program. the writer is unable to get filed for unemployment due to recordings.
pebbles in your mouth
@dust
there aint no difference between smacking and beating children except in your guilty mind… and the fact that you think I would be intimidated by your sad internet threats that you have no way of following through with, just proves your lack of communication skills and imagination… but if you want my email address we can get in touch anytime you like… a little tip don’t try to threaten people on the internet it just makes you look small and impotent!!!!
“The speculators,” great phrase, I guess you picked that up in Moscow?
nobody advocated beating children, that is your interpretation of the comment made.
If you think smacking and beating are the same thing then i would be more than happy to show you the difference u sad silly little man
Germany doesn’t need the Euro. The Euro is about global banksters seeking World Government. What does everybody think of the Amero will it happen?
@Y’ALL
DAMN!… TYPICAL, some people are ALL OVER THE PLACE… what a joke, on sunday I posted my first comment of the day about ten o’clock… I chose to pull someone up about advocating that children should be beaten to make the world a better place… nobody else chose to say anything to this fool… and that out of control ‘animal’ backed down with … ‘I did not indicate my opinion concerning spanking, but only Lindsey William’s which I supposed to be incongruous to the site that was being linked.’
so I made a comment to the guy… next thing FIB is implying it’s all the work of secret agents talking about ‘emotional’ issues… uh?… that little mummys boy tried to have a dig also, and others did too, etc, etc… next thing the ‘animal’ is saying ‘Children should be able to trust adults and receive only loving discipline and respect, not beatings.’
what a COPYCAT… I wonder what book those words were gleaned from??? huh!!!
@fibion11235:
The worst smell is the steamy-draft that comes out of the covered stainless steel server containing the boiled potatoes. It’s enough to take the paint off furniture. It’s no wonder that some London dwellers speak with “pebbles in their mouths”, growing up on a steady diet of that and those canned beans dumped on white bread!
And why would anyone want to carry round a nasty snot-cloth and call it a ‘pocket hanky’ is beyond question. It has to do with TRADITION: one of a subservient blow of the brains onto a square cloth.
Absolutely, These bastards control the US government.
This Goldman Sachs story is NO accident. Fundementally the USA is rogue statem a terrorist empire. You have to be quite a bunch of arrogant s.o.b, to do that to Europe. I really think it was done intentionnally. Stupid Greeks. Stupid Europeans.
@Mep, OMG! that’s amazing.
“Goldman Sachs charged a hefty commission for the deal and sold the swaps on to a Greek bank in 2005″
GS must be laughing all the way to the…
@MA
Godman sachs probably has nukes already.
These Goldman Sachs mother fuckers should be kicked out of Europe with Greece. Conspiracy. It looks more and more like that indeed.
@Francis
Im off spotted dick lol that pudding I remember eating once in a previous life selling in central london software to banks. I use to go to these old pub / cafes for lunch right in the centre near thread needle street, where they use to dish out Public School Puddings to the pin strips on wooden benches and tables, quite fun.
Yes I will stop feeding the wildlife from now on he he
point taken
Europe should nuke Goldman Sachs.
@fib
? ask ya MOMMA!!!
@SG
Where is the profit you speak of?
Dont you have a opinion on economics given thats what many discuss on here?
Why do you react to this question its not loaded its empty lol;-)
And ‘tea’ in London is starchy, heavy, and redundant with old favorites like ‘spotted dick’ or custard sauces that tuck the floured stones in for a good sleep in your stomach.
Shocker: Goldman Sachs helped Greece hide its debt
@fibion11235:
The man speaks with periods. I would leave the wildlife alone: it doesn’t do to feed them, only makes them dangerous.
He’ll probably just go Nebakanezer and eat grass whilst neglecting his looks.
@lippy zippy
well there will be no profit for any of us, talking to idiots like you…. until that is you start trying to figure things out for yourself and stop asking stupid or loaded questions !
@SG
Lippy Zippy lol thats the point!!
Thanks for the invite for the Tea, that’s very kind and I must apologise for my miss placed paranoid comment I wrong so please forgive me, I dont mean to be rude.
I would love to hear your analysis of the economic recovery? What do you think is happening?
@Stacy
This is just another chapter in the controlled demolition of societies who could still
oppose neofeudalism.
Savers must be destroyed. The US/UK crime syndicate will take down anyone in order to keep the fraud going.
Germany is already bankrupt as the savings have long been replaced with toxic
waste from wall street and the city.Why not turn the looted into debt slaves for their
neighbors?
Since germans are less popular than klingons or vogons, its basically a victimless crime.
Good riddance to the EU and the euro. Nobody in Germany will miss them.
I love the adds from Google… one day I may purchase from them all?
In the mean time I know by clicking and browsing in great depth and interest on all the adds im contributing as a side to Max and Stacy ..
it may be just 50C or $1 a time but every little helps lol
@lippy zippy
OH DEAR!!!… if today YOURI wants to tell me to ‘SHUT UP’ when I’m not even directing my commenting at him or about him…FINE… but ZIPPY wouldn’t you rather take up my invitation for a cup ‘o’ tea and pop round, rather than assume the world is full of SECRET AGENTS and keep posting your PARANOID CRAP or are you also scared to leave the HOUSE!!!
@ Youri
I like reading some of your posts along with Snoots… Phil and Mother Earth put some good stuff out too.
1. I have to hand it to them the way gold price is moved about is a art, its incredible. If I was not aware of the how and why it would have the desired spook effect.
2. Everyone I do business with in the UK appears to be suffering. Its a real struggle to get invoices paid sometimes. There all hurting.
This could go on for years…
@Fibon11235
Well TnX Fib but I haven’t had the idea I’ve been targeted? If so, I missed it. Besides I don’t mind a good “pen fight” sharpens the mind. I live under the impression that we had some pretty good discussions with snoot even yesterday.
@eureka ma!
no hard feelings YOURI… here ya go have anutha LINK, lizards and MAGIC right up your straat!!!
The Lost Lizard People of Lost Angeles
http://www.boingboing.net/2010/02/09/the-lost-lizard-peop.html
Rally Killer? German Report Says “EMU States Can’t Guarantee Other States’ Debt” http://tinyurl.com/y8mzr85
btwNew Max & Stacy truth about Markets Jipieeee!
@Youri
My opinion but low level disruptive tactics are being used.
It makes no sense why you have been singled out. The motive is probably to stop you commentating. Just ignore them.
@eureka ma!
DOH! your ability to misunderstand is pretty amazing… my little seinfeld FAN here ya go read this again and notice the words ‘YOU’ and ‘YOUR’
‘I know you are still there, I can hear your eyes moving… you’re sat in the dark again, wondering why that migraine won’t go away, scared to answer the phone coz you think it’s bugged, getting pissed off about the bankers again, thinking that you are glad you are too sick to get a job because the bankers would only want to use your tax money to buy prostitutes anyway and then have free sex off your hard work and your sweat… you’re worried that someone has given you an incurable disease… aint ya… what you doin now ya thinking about becoming a serial killah… dragging someone back to your darkened room…dump their cut up body in the river and then go back home and sit back and watch your favourite clips of seinfeld on youtube!!!’
“DEAD SNOW” still on the rogue (Scroll up for more) http://tinyurl.com/ylmsh2u
“Don’t just blame Greece
Writing in FT Deutschland, Heiner Flassbeck and Friederike Spiecker argue that Germany is as much to blame as Greece, for Germany has also ignored the common good, for example through unilateral wage moderation to raise intra-euro area competitiveness, and through unilateral deficit-cutting laws. It is Germany’s wage policies that is some extent responsible for the detriorating position of the Greek economy.”
http://www.eurointelligence.com/article.581+M56c2d61cf1a.0.html
i’m Irish. we were forced to vote yes to lisbon, cut govt spending, raise taxes, bail out banks, the taxpayer/state took over the banks property loans under NAMA. and now The EU is bailing out Greece for lying about its accounts….. at least it’s not raining here
@SG
You see you feel much better again and are even capable of using friendly sentences.
@ Dedo
Marketplace.org
Senior Editor Paddy Hirsc
I love ta way he ends
“Leaving us all for a need to Drink !!!!!”
ROFL
Hic
@eureka ma!
here ya go YOURI… take this link with a glass of water, it might help to feel your USUAL self… if it don’t work I’ll dig out some UFO ones or MOON LANDING garbage!!!
‘Brain Location for Fear of Losing Money Pinpointed — The Amygdala’
http://www.sciencedaily.com/releases/2010/02/100208154645.htm
Eurozone bond issue raised in article as alternative to IMF bailout: this is what Brussels is meeting about on Monday.
http://www.spiegel.de/international/business/0,1518,676507,00.html
Questions of reliquishing sovereignty of member states being asked; France told to cut social services; Germany accused of wage dumping.
Napoleon I. over the Germans
There is no more good-natured but also no more credulous people than the german one,
I did not need to sow conflict under them.
I only needed to put up my nets,
then they ran in like shy animals.
They have strangled themselves under each other
and they think to do their duty with that.
more foolishly is no people on the earth.
no lie can be devised roughly enough,
the Germans believe it.
They follow their compatriots with a deeper rage as their real enemies
because of a password which one gave to them.
Why germs are screwed since 1914, can´t belive this bailout will come true.
@eureka ma
SHUT UP! your youri… now,now no infighting… remember what you said, YOURI what’s up DUDE, you seem really upset the last couple of DAYS almost like you had to go out and get a REAL job or somethink… we are ALL here for you DUDE!!!
I distinctly remember seeing a vid of the Greek Finance Minister admitting openly that their reported figures are totally fraudulent. =) It should be put on youtube.
@SG
Shut Up!
You’re thinking again and you know what happened last time you tried that. You got an headache and that’s not healthy. Let me try to make you healthy again, your an ass!
MK will be unavailable on Livestation.com software due to a memory reference error in the Livestatoin software. There is a forced conversion to Version 3.1 — and 3.1 has the bug, ergo 90% of possible Livestation viewers will be out in the cold for a while.
Vista and XP users will have to do without seeing him live until some future Version 3.11 is released that does have all these memory reference errors.
@Phil/Germany:
What do you think will come of the eurozone bond idea? It seems rather convenient: especially as Stiglitz indicated the crisis is a case of financial hyperventilation:
“LONDON —Nobel Laureate Joseph Stiglitz on Tuesday brushed aside the debt market pressures facing Greece, saying they reflected irrational investors “hyperventilating” over a country whose fiscal situation is in hand.”
http://online.wsj.com/article/SB10001424052748704820904575055531226422098.html
@Y’All
can you handle it … maxkeiser.com as seen through the eyes of the google advertising team… oh dear, the shame!!!
@AM DRAM
FUCK YOU… what you got against mortgages and inshoance… ya better sign up for that ‘SELF DEFENCE’ course ya gonna need it… ya frikkin COMMIE agitator!!!
Last to come out of the closet will be Italy.
Mark my words.
@turbulence
Yep, buy Corfu and get to the Rothschild’s lol
@Greece revises 2009 budget deficit from 12.2% to 16%
How convenient … like : “We can’t really afford to pay much” !
Germany will not help, only maybe buy some greec-islands
BTW again; What freaking annoying advertisements on the site, i thought working on television paid a decent wage…
@stacyherbert no more truth about markets nz? Or is it an holiday break or something? Easier to know so i stop looking….
@Y’ALL
remember when stacy used to ask thing like what do you think of the layout?… have you got any suggestions for teeshirts?… suggestions for our new BBC show??? suggestions for our new, new cable shows… suggestions for questions, suggestions for MAX… huh, SUGGESTIONS…. not so much anymore!!!
LOL… I believe in the PPT …
http://www.youtube.com/watch?v=E9Q_4Minqys&feature=sub
Dubai Back in the picture
Dubai World Seeks 6-Month Debt Standstill: Report http://www.cnbc.com/id/35326845
@Y’ALL
the old site more user friendly… and this site used to be a lot more user driven… remember!!!
Here’s an interesting thread comment concerning the EU:
“the EU may have to make an example of one of its weakest Club Med members–if this country decides to not take its medicine quietly–by letting the markets have their evil way with this country to encourage the remaining SIIP nations to get with the austerity program.” Kevin de Bruxelles
Whole thread here:
http://www.nakedcapitalism.com/2010/02/are-greek-sovereign-debt-tremors-a-start-of-a-new-phase-of-the-crisis.html
@Y’ALL
44 weeks ago… weirdly… though they store all the comments made on the original comment driven maxkeiser.com on the ‘intense debate thingy’ and it’s got the avaters and they are updated????…. so it is still linked to this site in some strange way… ugh… the internet… ugh… spooky… did I say you could EDIT your comments on that one… the old der one … with comments ONE!!!
@Y’ALL
it was a bit more user friendly… and had a bit more diversity, deffo wasn’t dominated by a couple of… sad, lonely drunken… nevermind… also fewer SILLY americans… it was not that long ago… really… less than a year!!!
Untangling credit default swaps
http://www.youtube.com/watch?v=DdEI6PkGZK8&feature=related
Fer the non commerse peeps Thanks ta Dedo I think
Is this the 596 Trill we talkin about ???? @ Max ??? @ Stacy ???
Hic
“COMMON EURO ZONE BOND
The euro zone as a whole might issue common bonds; Greece would obtain a share of the proceeds, lowering its borrowing costs.
Juncker has proposed that common bonds could cover the first 40 percent of total euro zone government debt. This would be senior debt, guaranteed by the whole euro area, which now has 16 members.
Bond issues beyond the 40 percent would be junior debt issued by individual governments. The junior debt would most likely be more costly for governments to issue, thus encouraging a reduction of debt.
According to some estimates, common euro zone bonds could in a few years create a highly liquid bond market of some 4 trillion euros, which could compete for large investors such as China with a similarly sized U.S. Treasuries market. The market for German Bunds is about 1 trillion euros.”
http://www.reuters.com/article/idUSTRE6191S920100210
Oh WHERE is my THING OF BEAUTY……
Debbie Harry (Around heart of glass time)
Pat Benatar (around Love is a battlefield time)
£ CRASHING ANYTIME
Sob, Oh how long must i wait, death where is try sting?
Mike
Growing Hunger in America http://uruknet.com/index.php?p=m63121&hd=&size=1&l=e
Youri! I’m talking family trees! Branches that count: branches that choose, inherent, and receive dignity. American Rothschilds? HA.
@frances snoot
Nothing what the Rothschild’s do is official. They like to keep in the dark and you maybe right that there are no Rothschild’s present in the U.S. physically (still searching for that) but the Rothschild’s surely have an American Branch run by middle man.
nother good vid with links jbyeats
More unpublicized protests outside the EU , by my count that makes already a couple this month …. anyone know who the lady is and what she has done to infuriate the people protesting?
http://www.youtube.com/watch?v=plbdjuAOf74&feature=sub
Talking about the Rothschild’s, the UK, Greece and “Yachtgate”
Baron Rothschild is reluctant to comment on his nephew Nat Rothschild’s public outburst against George Osborne, the British shadow Chancellor of the Exchequer. Nat Rothschild castigated Mr Osborne for revealing certain confidences gleaned during a holiday in the summer in Corfu.
In what the British press are calling “Yachtgate”, the tale involved Russia’s richest man, Oleg Deripaska, Lord Mandelson, a controversial British politician who has just returned to government, Mr Osborne and a Rothschild. Classic tabloid fodder. http://tinyurl.com/5vbp4n
It emerged today that Peter Mandelson has chosen to run the country from Nathaniel Rothschild’s opulent villa overlooking the sparkling Ionian Sea in a secluded corner of Corfu. Peter Mandelson finally gets to run the UK … from Corfu http://tinyurl.com/y9o2cfr
@Youri:
Official branches or scions?
@Y’ALL
it didn’t last long… you could edit the comments… and all the comments are stored on their own site… oooh spooky… er ion ‘intense debate’ site thingy… scary!!!
http://blogs.ft.com/brusselsblog/2009/07/former-ecb-chief-economist-slams-common-eurozone-bonds/
@Y’ALL
remember the old site???… member, the old site, remember??… no not the resonance one, not the the first maxkeiser.com site without comments, no the first maxkeiser.com with comments… YEAH! remember when the comment boxes first appeared… no… you don’t you remember… OH… Iiked that one… different web design thingy!!!
@Snoot
In sum an ECB power grab. With the bonbs will certainly come new european taxing powers.
@Marc,..Yeah, tis all smoke and mirrors while the totalitarian system is being set up,..and nobody seems to notice, nobody seems to care,..
http://www.youtube.com/watch?v=LGCCQy4yu5Y
@frances snoot
“There is no American branch of the Rothschilds!”
ahahaha! Your being delusional. Of cause there is an American branch of the Rothschild’s they often work with straw man in the States. They like to keep behind the scenes using patsies if it goes wrong.
@Dan Valley
I have a feeling that the Chineese army is not very intelligent. They are waking up from their hypnotic Hollywood/Wall Street trance 5 years too late. Chineese suckers ! You are 5 years too late.
That would be why the IMF wasn’t called in to ‘help’.
Crisis could be a ploy through which the ECB receives the impetus and consensus to issue bonds.
@Dedo
You have a feeling of witch hunt. Did they burn witches in this Stale. We are not from Salem. Amercan crackpots. It will finish very badly indeed. They should invite “Godman Sachs”, Lloyd Blankfien and Bernanké fo fill their document.
Europe doesn’t exist for North America. It’s like the sunken continent Altlantis. Wanted to know. When will Europe sink in the Atlantic ? Must be soon ?
Have you noticed with all these “bailouts”. Nobody is talking about the real economy and little problems like the exploding unemployment ? Surreal.
What’s the Greek unemployment again ? 50% ?
Chinese army urges China to dump U.S. bonds http://bit.ly/9BZkhh. Too bad for them PIMCO did that already. Shoot in some bunds.
Good one, Dedo!
getting “help” from any government is kinda like asking Vito Corleone for help. Your problems will be temporarily solved. Underscore “tempoarily”.
@Youri:
There is no American branch of the Rothschilds! Heaven forbid! They’s lay down on a train track before the conceded that: we are the bastard scion.
@jfv
Anything concerning Europe is staggeringly under reported. To think of it, the media has ceassed to talk about anything. Except on and then of the return of Ben Laden or a nigerian clown retard with exploding pants. Europe does exist in Norrth America. As for the banking problems ? For the main stream mean these problems are of no importance to them, except if they start burning banks and killing banksters. I am convinced they wouldn’t talk about it even if the crown burned banksters over a fire and BBQ them. That’s how NOT COVERED anything is and will remain INTENTIONNALLLY. The life of Michaal Jackson or the Super Toilet Bowl are much more important to that piss called the official nazi media.
ATTENTION! ,..All participants of this forum are to fill in relevant form below:
http://fitsnews.com/wp-content/uploads/2010/02/SubversiveAgentForm.pdf
“Papandreou suggested the creation of a joint euro bond was one possible way out of the crisis.”
http://www.euronews.net/2010/02/02/greece-our-problems-are-euro-zone-issue/
The ECB is a very corrupt institute made up by the European branch of the Rothschild’s. That’s why they won’t accept the IMF which is the American branch of the family. It’s a matter of honor not of sanity. Not that I am for of letting the IMF taking over but it’s their goal anyways.
Baron Rothschild November 06. 2008; There is a new world order. In his opinion, banks will deleverage and there will be a new form of global governance. http://tinyurl.com/5vbp4n
Sheep Shearing Basics:
After shearing sheep – you must allow a few months for the fur to grow back. During this period , to optimize fur growth, it is best to treat the sheep well – let them graze, mate, listen to sad, love songs etc etc. Happy sheep grow fur faster.
Of course it is permissible to kill and eat a few of the sheared sheep – thats just common sense! But consider the refrigeration costs if you slaughter too many of them. No no – best to let the majority of the shhep graze peacefully listening to sad love songs. Also gives you the opportunity to rest, sharpen the shearing shears and eat some mutton – heee hee.
A little off topic, but it all glues this entiere story together, and the conversations that are taking place here:
This country feels so fake now. The food is fake, the water is fake, campaign promises are fake, news is fake, everything that comes from Washington, D.C. is fake, our economy is fake, the reporting of chief economic indicators is fake and most of the people are fake because they base their decision-making processes on fake facts.”
http://proliberty.com/observer/20031118.htm
@frances snoot
It doesn’t matter what I like besides: According to the Wall Street Journal The Netherlands is among the high risk countries already http://tinyurl.com/yewalk8
From: Euro Zone Grapples With Debt Crisis http://tinyurl.com/yf73vkd
http://www.nytimes.com/reuters/2010/01/31/business/business-uk-ireland-nama.html
@Youri:
Why do people call anything outside the official ‘rothschild’s approved’ story a ‘conspiracy’? The inconsistencies are glaring: we are talking sovereign default within a trade bloc which is acting under the auspices of the ECB.
Would you like the Netherlands to be included in the piig acronym, Youri? No?
Good. Let’s throw mud on Fitch and StandardPoors as well.
The point is the stance of Moody’s concerning Germany’s ‘get out of Basel free’ card has changed entirely: why?
@frances snoot
ah! Basel Smazel, …
It’s all propaganda. Nobody is obeying any rules anyways. It’s a constant firefight with fires firing up everywhere. It’s everybody for themselves and God for Lloyd Blankfein.
@frances snoot
I don’t think anyone is taking Moody’s seriously anymore. They’ve brewed it and clearly have shown they are part of the propaganda machine putting a flag on a mud ship.
Faber Says U.S. Would Be Rated ‘Junk’ if It Were a Company Vid http://tinyurl.com/yhf5m3a
Thanks, Dedo! The man doesn’t mention the bad bank in Germany, but he’s right about the subprime problem and buying time.
No one is even mentioning basel 2.
@Youri:
Have you read anything recently on Moody’s take concerning Germany’s bad bank: they have over half-trillion euros in bad debt to contain. Seems the rating agencies subjective declarations are behind Greece’s woes. But the same rule is not applied fairly to Germany:
“The 14 other triple A rated countries, which include Germany, France, Australia and Canada, are considered safe from downgrades too because they have been less exposed to the financial crisis, with, in general, more stable housing markets and banking sectors. These countries are classed as resistant to a downgrade by Moody’s.”
http://marketpipeline.blogspot.com/2009/02/moodys-shakes-up-its-triple-ratings.html
Bullys seem to be pulling the rating agency’s strings: what happened to Moody’s concern over the German bad bank legislation they aired last summer?
Ok, so now that european countries are behind backing Greece does this mean the current flow will leave the dollar again, and at what dollar rate? http://tinyurl.com/yegdt5b
Hi, I’m from Germany. Bailing out Greece gives us some more months, maybe years, until the final collapse of the €-currency happens. I think it’s better when greece introduces it’s own currency and leaves the €.
I can’t find anything in the german newspapers about this topic. Insane…
@McBreads
TnX for the good link.
@frances snoot
Yesterday I said that Europe doesn’t has the Goldman Sachs Vampire squid. Must admit I wrote it with little hesitation. But I was flat out WRONG! This could explain the hesitation I had yesterday.
How Goldman Sachs Helped Greece to Mask its True Debt 8 February 2010 (Der Spiegel) http://tinyurl.com/ya4qxfh
Ok, so Germany is going to bail out Greece. Are they also going to save aSpain, Ireland, England,Portugal. Markets rally on the news. What Market, this whole thing is imaginary role playing game . Its a manipulated Gulag casino run on the same illusionary fantasies that the World Wide Wrestling Federation is based on.
“Nama officials will be hoping that its bad bank is seen in a more favourable light abroad, after ratings agency Moody’s gave Germany’s bad bank what can only be described as a mixed review.
Last month, the German upper house of parliament approved the creation of a bad bank or several bad banks, facilitated by the Financial Market Stabilisation Agency, or SoFFin, that Berlin set up last year to deal with its financial crisis. The German government published its draft bad bank law in April.
Germany now plans to go ahead and set up a bad bank structure, but unlike in Ireland, several bad banks or special vehicles will hoover up hard-to-value but definitely impaired and devalued toxic assets on the lenders’ loan books. SoFFin will oversee the vehicles.
In Germany’s case, the toxic loans are potentially more complex and therefore more toxic than those facing lenders here. They involve asset-backed securities such as the billions of euro of distressed assets lurking on the books of the rescued Hyper Real Estate and its Dublin subsidiary Depfa, which may take longer to manage than even the most reckless of loans advance by Irish banks to the riskiest, never-to-be built green field developments.
The bad debts on the books of German banks cover the full alphabet of the financially-engineered products that led to the export of the US banking crisis around the world.”
http://www.tribune.ie/article/2009/aug/02/nama-awaits-international-jury/
@Frances…..Tip,..google it!
http://www.ft.com/cms/s/0/da5c40da-1283-11df-a611-00144feab49a.html
Germany doesn’t want to share their advantage:
“Germany opposes the creation of a bank rescue fund, as it would offer financial institutions a risk-free guarantee, Economy Minister Rainer Bruederle said Saturday.
“We don’t want a situation where banks got a risk-free assurance from nation states,” he told AFP at the World Economic Forum (WEF) annual meeting in Davos, Switzerland.”
http://www.insing.com/news/business/germany-against-bank-rescue-fund-minister/id-f8be0900?nav=60000
Conspiracy theories swirling through Greece? Has anyone heard of these?
“The word going out is, don’t panic. Greece only accounts for between two and three percent of Union GDP: its woes are astonishing (and largely self-inflicted, despite the conspiracy theories swirling within Greece), but they are “affordable”, senior figures say. I wonder if people are being too calm. It is one thing to talk about external aid in exchange for tough conditions. But what if those conditions are politically impossible to meet? I am not talking about reliable statistics, it must be possible to parachute in crack EU auditors to watch for political manipulation. But as I wrote in an earlier blog posting, if the EU finds itself asking for IMF-style budget cuts in Greece, the political consequences will be grim. If I were the European Commission delegation office in Athens, I would be buying some fire extinguishers”
http://www.economist.com/blogs/charlemagne/2010/01/greek_bailout_within_months?page=1&source=most_recommended
Daily Bell :
2010 – Western Fiat-Money Finished?
Wednesday, February 10, 2010 – by Staff Report
…
…
Conclusion: By putting in place the mechanisms that guarantee endless quasi-collapses, the power elite profits inordinately. By not understanding that this time around the entire circus would be available for endless replays on the Internet, the power elite has put the system into tremendous jeopardy. Too many have run across free-market arguments on the Internet and come to believe (this time around) that the system is unfair and even impractical. Too many have witnessed and comprehended the full gamut of central banking’s apparent destructive tendencies. None of this was in the game plan, in our opinion. Yet this seeming unraveling of financial certainty has tremendous ramifications for your portfolios, dear reader. We might suggest a modicum of gold and silver as you watch various fiat money economies of the world, especially the dollar, sputter and sink.
http://www.thedailybell.com/800/Depression-2010-Western-Fiat-Money-Finished.html
Euro #1 (The Wolf at the door)
http://www.youtube.com/watch?v=g_wy_5uU5XE&feature=sub
Nick lives in France … talks nice and slowly !
Gold up in Euros, despite the Euro stronger versus US$ this morning.
@Fibon11235 …. Germans …
Merkel ( from East Germany ) was proteged by Kohl.
Kohl is the guy that forced the Euro on us.
The book I read many years ago about ex Bundesbank Director Otto Pohl and why he resigned ( under Kohl ) says everything about what we’re seeing now .
From 2009 …
Ex-Bundesbank Boss Warns Of Euro Threat
10:02pm UK, Wednesday February 25, 2009
One of Europe’s most respected former central bankers has told Sky News there is a serious threat to the survival of the European single currency.
…
“The exchange rate would go down, 50 or 60% and then interest rates would go sky high because the markets would lose all confidence.”
…
…
“We have the Maastricht limit of 3% of GDP but nobody is following the rules. There should be sharper rules,” he said.
http://news.sky.com/skynews/Home/Business/Karl-Otto-Pohl-Former-Bundesbank-Head-Says-Euro-Under-Threat/Article/200902415229838
Some light entertainment.. http://www.youtube.com/watch?v=QQSjyYRTDVM
Ramble Points:-
@Phil / Germany
Its not very often I feel sorry for the Germans, but I do. I don’t know much about Merkel but would exchange for a Brown or Cameron from what Iv seen
@California Doctor
Liked your fibrillating heart analogy . I think analogy’s work with economics as its not exactly a science and we live in a fractal world with repeating patterns in the most unusual places lol
—————————–
Just a idea, but why do I see the following pattern?:
Take China who have a fix is to keep all employed and fed on slave wages and to keep the minority elite in clover. To encourage wealth accumulation by encouraging commodity ownership. This makes sense?
In the west the fix here appears to be to pay for people not to work and print money and remove wealth from the majority whilst keeping the minority rich in clover. To encourage destruction of wealth by discouraging commodity ownership. This only makes sense if your trying to meet and match China. There something wrong here?
Are both systems trying to reach the same point but have not managed it?
For such a fix to change then the fix needs to break.
Im now beginning to form the opinion that this system is so broke its going to drag on for years as isnt the bond market just yet another fix. When I say broke I dont meen a crack that can be glued. My analogy is broken like a Vase dropped of a tall building.
No free markets anywhere then the consequences must ultimately point back to the fix makers therefore leed ultimately into political squabbles or puppet master squabbles?
So is the bond market a political solution or a independent solution or not a solution at all. How deep does this rabbit whole go? What a mess…with such disinformation about its difficult to see what is.
Ultimately level playing fields of cooperation are required and environmental protection enforced along with population controls. Whether this leads to the continuation of a Orwellian nightmare is to be seen.
How Goldman Sachs Helped Greece to Mask its True Debt. It has something to do with swaps/derivatives.
http://www.spiegel.de/international/europe/0,1518,676634,00.html
Finally, after 6+ months of guesswork and bad explanations PIIGS is explained :
PIIGS
http://www.youtube.com/watch?v=-loLBrlnnxQ
Senior Editor Paddy Hirsch explains why problems with certain European countries sovereign debt could blow the house down.
Up until this moment: no Dutch media reporting that i know of about the German bailout of Greece.
These problems regarding the Euro and PIIGS are staggeringly underreported in Dutch mainstream media and if something is reported it’s in media snippets and always after the facts (a little about Greece, a little about the causes of Icelandic problems) but never the big global picture.
NL has always followed German style budget discipline. I’m pretty sure the Dutch don’t want to pay for bail out of the PIIGS but i am also pretty sure we will in the end…
One has only to look at the political force that was used to push the Lisbon treaty through.
The EU project is simply to important.(to big to fail?!
In the mean time the Dutch political class is still buzzy playing the blame-game about the reaction to the sub-prime crisis and the collapse of Fortis, the splitup of ABN-AMRO, the bailout of ING and the collapse of DSB-bank.
It’s staggering to see a country well known for international trade having a political class that is occupied with *belly button staring* and just to plain incompetent when they need to deal with global economics.
juicy anekdote:
We have this parlemantary inquiry commision (commision ‘De Wit’ that is supposed to put the squeeze on all politicians and players about the handling of the economic crisis.
Our president of the Dutch central bank Wellink ( a former president of the BIS…!) had to testify. He boldly claimed no one could have known beforehand that the collapse of the world economy would come… how dare he claim that!
Needless to say he did not mention the advice he got from his collegue Bill White back in (i believe it was) 2006.
@Mother,…..funny ha ha,…I’m tryin’ me best,….honest mum!
@Dedo
That is great translation!
I said : Her kiss was outrageous, a public embarassment, she could teach Kim Kardashian this labial harrasment, but now I’m stuck with sore oral inhabitants that want to build more settlements..
@Marc,..It means,.
Kiss. She kissed you there you would embarrass is possible Kim Kardashian what of to learn but now sits I with fried pears with a mouth full swears…
I’m getting good at this,…
I believe you need to mount this vid along with your normal vids as it does best express the meltdown situation for the time being
==========================
Niall Ferguson: The Next Greece? It’s The US!
Economist and historian Niall Ferguson predicts a French-German bailout of Greece and financial collapse for other European countries. U.S. might seem like a safe haven now, but with rising nominal yields at a time of low inflation and having a very large debt, there is more trouble coming our way.
– http://www.youtube.com/watch?v=JzpsgDdoE0Y
via
http://www.businessinsider.com/niall-ferguson-us-finances-are-not-much-better-than-those-of-greece-2010-2
@Marc,…Usually, grannies have no teeth (gummy),.so they suck good! ; )
(Never had to explain the granny/egg analogy
@Mother Earth
You don’t want us to understand ? Who’s Kim ?
@Dedo
Only freshly picked eggs. Stale ones give you salmonella. Ok.
Thanks for the explanation. Still cryptic and strange expression.
Kiss..Ze zoende je zou je generen daar kan Kim Kardashian wat van leren maar nu zit ik met gebakken peren met een mond vol zweren…
@Marc,..Not an insult,.It implies: The monkey shouldn’t try to teach the organ grinder how to grind,..take me with a pinch of salt, I do! : )
BTW,.That means, don’t take me to seriously (unless I use all CAPS)
Suck eggs ? Humm ? Good idea. Filled with vitamin D, A potent anti-cancer remedy to the lack of sun. You have these cryptic expressions in english. I preume it’s an insult ? Or that I’m a hick ? Don’t suck anything Dedo, neither the grand’ma. I leave that to Bill Clinton’s interns and Hillary. Clown with the clowns Dedo.
@Marc,…I bet you try to teach your granny to suck eggs, don’t ya!
@Mother Earth
KISS. Keep it simple and stupid.
Based on the same principle “Keep them dumb and stupid.”
Works fanstastically well. It’s a natural tendency.
Ouuhhh ! Geo Politics. Big words. Hiunga ! Hunga ! Hunga ! It’s just plain old cannibalism. A pound of flesh.
Maybe the title of this blog should become ‘Markets, Finance, and a lot of dumb and lethargic citizen being exploited’. There is no scandal imho, only shocking news everyone ignores..
@Dedo
Not a conspiracy. The system is made like that. It’s a ponzi scheme. Always has been like that. It’s just that the chickens have come to hatch, to roost at home. It’s OK if the shit hits the fan in South America, Africa or Asia. Now it’s OUR to eat the same shit that we copiouslya serve 24 hours a day at poor third world countries. The conspiracy is that we are supposed to take all these criminals clowns seriously instead of using a couple of guillotines to cut the problem in half. The banksters are quite lucky in 2010.
@Mongo,.Theater,..pure theater!
But the germans got coupons for 3 trillion tons of souflaki with tatziki in return..Now they will go after the chorizo I promise..
Apparently India suspended PayPal services because workers where able to send money home at rates of transfer that where to low, or 0,5% http://tinyurl.com/yk6mf8h
@Marc,…Is there a way other than simplistic on a forum such as this,.behave!
I’m sure you’re far more complicated than a few words spread over a screen,.also I would hasten to add, so is Geo’ politics : /
Yesterdays events were quite funny…
“Germany to bail out Greece”
some minutes after
“Greece will have to fix their own economy”
some more minutes
“No decision yet from Germany on bailout”
Pure comedy!
I AM NOT GOING TO BAIL OUT GREECE WITH MY TAX MONEY!!!!!!!!!
MAYBE GREEK GOVERNMENT CAN MAKE PUBLIC OFFERS FOR DATA CDS FOR RICH GREEKS HIDING THEIR WEALTH OVERSEAS. THAT WOULD DO THE JOB.
@Dedo
There will soon be no business to mind. That’s the problem with your simplistic comment. Godman Sachs is at the top of the pyramid imposing the pain to ALL. You can like you say mind your own business. But If you don’t decapitate this nazi mafia at the top of the pyramid, there will effectively be no businees left to mind. It’s already the case.
@Free Markets
” Hey ! Free Markets, Just doin God’s work.” Lloyd Blankfien Godman Sachs.
@Freemarkets,…The irony of the situation is, when folk are told they are being conned, the “slogan” Conspiracy theorist comes to bear!
So I say, fk ‘em,..: )
Here’s one of my fav’ quotes:
Mind you own business, and the rest will take care of itself,..
“Sarah Pallin is a f@@cking retard.” Stephen Colbert
http://www.alternet.org/story/145627/stephen_colbert%3A_%22sarah_palin_is_a_f%2A%2Acking_retard%22
The problem with this well founded assertion is the Obanana too is a not far away. Just a question of time. Prefer a complete retard than ONE with a Nobel Peace Prize that threatens fo bomb Iran and menaces China the same day. Mind you. Maybe Hillary Clinton too is “f@@cking retard” ?
Retards in power. The face of globalization in 2010. I don’t know how he get’s away with the retard word ? Specially with all this political correctness.
Hey Max and Stacy ? Colbert should invite you.
The German people are now being subjected to having their wealth looted by the speculators, having to put up money that the speculators have already looted. A similar situation occured when Soros backed by Intl Merchant Bankers attacked the Uk pound and robbed the british people of £8 billion. Norman Lamont reward for his part in the destruction was a job on the board of NM Rothschild. This was a deliberate raid or heist against the british people. Once again the government minister was well rewarded for his failiure to protect the elected population.
http://www.alternet.org/story/145530/global_warming_makes_trees_grow_at_fastest_rate_for_200_years
I’m lovin it ! That’s what’s soo funny ! I’m lovin, To think of it, I am buying myself a piece of land far far in Northern Québec.
@Dedo .. Artist : amazing !
@Marc Authier …. Niall Ferguson: The Next Greece? It’s The US!
http://www.businessinsider.com/niall-ferguson-us-finances-are-not-much-better-than-those-of-greece-2010-2
Yes… he’s right IMO.
Addendum to previous post:
http://www.youtube.com/watch?v=hBLD5zmFT7w&feature=related
Taking a line from Rolf Harris,.” can you see what it is yet” ? : )
“Agenda 21 is being implemented through the use of facilitated stakeholder consensus councils, not by vote. These councils fit almost perfectly the definition of a state Soviet: a system of councils that report to an apex council and that implement a predetermined outcome affecting a region or a neighborhood. Members of a Soviet council are chosen by virtue of their willingness to comply with that outcome and their one-mindedness with the group. State Soviets are the operating mechanism of a government-controlled economy, whether it be socialism or government-business (public-private) partnerships. Initially, soviets seem innocuous. The police state that associates with state soviets arise when the soviet web is sufficiently in place.”
@Phil…nice
German Company Will Make Biggest Gold Coin Ever, Weighing 3,333 Ounces
http://www.benzinga.com/118117/german-company-will-make-biggest-gold-coin-ever-weighing-3-333-ounces
ECU’s Manduca Sees `Stellar Opportunity’ to Buy Gold
http://www.youtube.com/watch?v=VBvg4B8tiyc&NR=1
@Bonn,….It’s far more efficient! : )
WHO’S THE NEXT GREECE ?
I found an answer.
http://www.businessinsider.com/niall-ferguson-us-finances-are-not-much-better-than-those-of-greece-2010-2
From a bond historian.
I Am Buying Gold at These Prices. It will Look Like a Bargain a Year From Now
http://goldprice.org/silver-and-gold-prices/2010/02/i-am-buying-gold-at-these-prices-it.html
http://money.cnn.com/2010/02/08/real_estate/foreclosure_money_pit/index.htm?hpt=Sbin
Question Why do Americans make Houses outta wood ????
Anyone ???
Hic
@Gonz,.. Nice article,. I tend not to play the blame game, not a very good strategy for survival in the camp of Dedo : )
@Dedo
Don’t Blame the Rich, or Golfers, or Rich Golfers
http://tinyurl.com/y8wzjvc
a pithy summary of society and comment forums…
We are all Nixon Now by Adam Curtis @ 5.38 in part 2
Newswipe S02E04 Part 1/3
http://tinyurl.com/yd796wl
Newswipe S02E04 Part 2/3
http://tinyurl.com/y8k2uaz
Newswipe S02E04 Part 3/3
http://tinyurl.com/yapf4p9
PS@China Dumps US Asset Backeds and Corporates
from ZeroHedge
The Dumping Begins: Chinese Reserve Managers Notified That Any Non-USG Guaranteed Securities Must Be Divested
… Furthermore, demonstrating just how seriously China is approaching a populist-driven adversarial stance with the US, was earlier speculation that instead of unpegging its currency (a move much desired by the US administration in its goal to further weaken the dollar and make China less competitive in the export market), China would reduce its trade balance not by the traditional way of currency inflation, but by the economic textbook footnote approach of raising salaries….
http://www.zerohedge.com/article/china-dumping-begins-reserve-managers-notified-any-non-usg-guaranteed-securities-must-be-div
Germany’s answer :
German Company Will Make Biggest Gold Coin Ever, Weighing 3,333 Ounces
http://www.benzinga.com/118117/german-company-will-make-biggest-gold-coin-ever-weighing-3-333-ounces
ECU’s Manduca Sees `Stellar Opportunity’ to Buy Gold
http://www.youtube.com/watch?v=VBvg4B8tiyc&NR=1
5 mins. … very good.
China Dumps US Asset Backeds and Corporates
February 9th, 2010 , By David Goldman
…The Chinese government has ordered its reserve managers to divest itself of riskier securities and hold only Treasuries and US agency debt with an implicit or explicit government guarantee….
http://blog.atimes.net/?p=1352
FWIW
@Marc,..The bankers are just gofers, as you’re probably aware.
I wouldn’t get to upset about things if I were you bud’,.just try and adapt.
You did in the last system! : )
Folk tend to shy away from change,..
@Dedo
Know what, because bankers are subhumans, know what will REALLY wipe out Britain Dedo ? THE CITY BANKSTERS. The enemy of Britain is the british ruling class itself. Was the same thing in USSR. Is the same thing in the USSA.
Still cant figure out To whom do they actually OWE behind ta smoke n mirrors
ROFL
In reality we shouldn’t say the Germany bails out Greece. There is subtility here. We should say.
Germany bails out stupid german lenders that lent all this money to the corrupt and imcompetent Greek government and Greek borrowers. The whole system is one big huge hole. Like I said, who’s next ? Ireland ? Don’t see how Ireland can’t get out of his hole ?
EU President’s secret bid for economic power
http://tinyurl.com/y99pte2
It’s not really about “bailing out” nations, per se, only an amalgamation of regional powers, e.g:
http://www.dailymail.co.uk/news/article-403522/New-map-Britain-makes-Kent-France–German-idea.html
All these stories are just piece meal rhetoric for the “public”.
There’s a plausible reason, and then the “real” reason! : )
Der Spiegel :
How Brussels Is Trying to Prevent a Collapse of the Euro
…Men like Wilhelm Nölling, former member of the German Central Bank Council, and Wilhelm Hankel, an economics professor critical of the euro, have been out of the spotlight for years. In the 1990s, they fought against the introduction of the common currency, even calling on Germany’s high court to prevent the creation of the euro zone. But none of it worked.
Now both men are in demand again, and the old euro critics’ beliefs are more relevant than ever. Were the skeptics right back then, when they said Europe wasn’t ready for the euro zone? Were the differences too great and the politicians too weak to ensure a strict and stable course?
“The euro should really be called the Icarus,” Hankel suggested back then. He predicted the currency would meet the same end as the hero of Greek legend, who paid for his dream of flight with his life.
…
http://www.spiegel.de/international/business/0,1518,676507,00.html
@Stacy
WHO’S NEXT ?
At this point, the world financial and banking system appears to have gotten a shot of adrenaline. It’s had several in the past eighteen months.
When a junkie needs that much shooting up, the grim reaper starts a death vigil. The reason is that once you push systems that far, the irregularity of chaos is not far behind.
When you give a shot of epinephrine to a patient who has a heart in ventricular fibrillation, you might restore normal sinus rhythm. On the other hand, if the chaos is overwhelming the heart muscle, the normal rhythm is never seen and the patient expires.
like the Germans had a choice. bet the Irish are pissed though.
Last nights Newswipe: Charlie Brooker, Adam Curtis and Doug Stanhope, I had a metagasm
http://tinyurl.com/y9rrfjn
ABORTION IS GREEN: http://tinyurl.com/ylx2epq
ILLUSTRIOUS CORPSES – PART ONE
..both were children of powerful dynasties who had shaped the destinies of their countries.One is Yegor Gaidar who was the architect of Shock Therapy in Russia. The other is Benazir Bhutto who helped to create the Taliban in Afghanistan…”
http://tinyurl.com/ygkxe4q
Brief thoughts on the Bernard-Henri Levy hoax
http://tinyurl.com/yfh7xwh
@ Stacey
Didja have an Option of not going through the body Scanner ????
Dunno why ya went through it
I dont use cell phones I mean I use minimal I anyway hate talkin on ta phone rather meet ta person
Accordin to AJ they plan to shut ta net in T minus 4 months time
Hic
@ Max
there was something about clearstream banking of france or something on Alex Jones show
Dunno if ya know anything about it
Hic
Unos G’morning
Hic