Cool! Great to see the coverage. Glad you guys are keeping the pressure up on the Greek story. The country and its people need all the support it can get.
MirrorMirror
Trichet moots single EU finance ministry
‘There is no crisis of the euro,’ says ECB president
Kind of like the Argentina video series where the people made a lot of noise and in the end nothing changed very much… The president flew away in his helicopter and the people stood and watched.
Out with the old crooks and in with the new. Crooks are crooks… meet the new boss.
Marc Authier
Papandreou is not just a crook. He’s an economic mass murderer. We want the names of the bastards that DIRECTLY profited from the 27 billion euro robbery and rape of Greece. This sun of a bitch should be arrested and tried for high treason.
What-me-worry?
Hit the kill switch Parker – Yes m’lady:
“The World Health Organization says the E. coli outbreak in Germany is a completely new strain of the bacteria.”
“This strain has never been seen in an outbreak situation before.” http://www.bbc.co.uk/news/health-13626499
Wonder if it has ever been seen in a lab at Baxter or Porton Down. Where’s Jane Burgermeister?
gk
where is hotspot – greece? what’s taking you so long to edit it? have i missed something?
@gk – excuse moi! i have hours of footage and four shows a week to produce! maybe if you went to piratemyfilm and reserved some shares! http://www.piratemyfilm.com/projects/241
Maybe then I might work faster!
Danny Cunnington
Well nailed by Stacy. The Greek government committing treason for personal gain. What’s the matter with these Greeks? Can’t they understand what’s being done to them!
Greek young people need to unite. They need to present their parents with “Notices of disconnection”. This states that they are irresponsible parents and Greek citizens. They have failed as such and are now ignored and unsupported. Take back your country and leave the EU. (You were geographically never part of it anyway). Any Greek authorities that oppose you should be told that after this is all over they can never live in Greece again and will be set adrift in boats to seek political asylum on the Med. (Good luck competing with the Africans).
Henk
Silver is mank ulster pretty down again right nowt
jimmy chen
@ MAX
DSK sound and cuisinart sound are a MUST on all shows….
8Ball
The problem is that regime or leadership change rarely ever happens as the result of a spontaneous event anymore… The powers that be always have contingency plans and there are always a group of carefully groomed “leaders” who are standing by in the wings, ready to do service to their masters should the need arise. Should some loose cannon who will not play ball assume a position of leadership there are ways to deal with that. Libya is a case in point.
The challenge of the Greek situation is for the power brokers to make the people feel that they have achieved some sort of substantial “change” (remember that one?) while in reality most everything remains the same or gets worse. This is essentially what happened in Egypt and now the MSM gives little or no coverage to that situation.
You cannot win the battle until you identify the real enemy and then rout him out… Kill the head and the body will follow. “We wrestle not against flesh and blood…”.
jimmy chen
TARIFFS are GOOD, not bad…. want manufacturing back in the us, want higher wages for us workers then tariffs on all goods and services entering the us just like the rest of the world charges us. this will also affect the cost of oil given that shipping costs will most likely decline (at least at first)
@Henk – all commodities are down, just as right before announcement of QE2; they have to do that so that they can say, “we can print all we want because there’s no worry about inflation”
deutsche
Man this guy is a douche,,,,,, did he just say that greeces almost 120 tonnes of gold adds upto 5 billion Euros and that would not pay off there debt……. 1 tonne has a thousand kilos and 1 kilo has 32 ounces and 1 once equals almost $1000 euros….i am no maths genius but that adds upto a shit load of dough around $4232875000.00 Euros and this wont pay off the debt and have change for more ouze
MirrorMirror
@Max .. You and Jim R. are wrong on the order of currency debasement IMO.
EUR first .. USD much later … your guest is right.
On the social side :
#1 Nearly all “people” in the EU hate the EUR …. for starters.
#2 Nearly all Americans love their USD
Any politicians that ignore that are doomed.
On the financial side :
#1 the EUR is a false construction BY DESIGN
#2 the EUR can never work anyway without all EU countries giving up their sovereignty .. as we are seeing now with Greece
Any politicians that ignore that are doomed.
My guess is that the Bilderbergs are looking for a new war, as Jane Burgermeister said.
F. Beard
@Stacy,
I like the horizontal stripes. It gives you a Russian Revolutionary look.
gk
@ stacy — excuse moi… i had no idea that it’s still only half way funded.
TJ
it’s the same as everywhere else, nobody wants to pull the plug!
Bruce
Gonzalo is da man.
Who woulda thunk a guy in a suit would be non-boring?
How ’bout that barcode artwork?
Time to add a QR Code piece, Gonzalo.
Papandreou is just another thief; surprise surprise.
Danny Cunnington
@Mirror mirror, She’s in an Austrian Jail on trumped up charges. They waited until the flying pig flu scam abated and then arrested her. The E-coli is another bio-weapon to bankrupt Spain. The next attack will probably be a GE Mosquito that carries a deadly disease. The clue is, The ban on Marmite in Denmark which is basically yeast extract. People who eat this daily for more than a two week period exude an odour which stops Mosquitos for biting them. (Humans can’t smell it). I’m in Holland and have several hundred jars stockpiled. (No effective sell by date). I eat the stuff everyday because I like it on toast with eggs and since doing so have never been bitten by a mosquito. People use this to avoid anti-malaria jabs when going to Africa/Asia, Etc. Note: in Australia it’s called “Vegamite”. Same basic thing.
gk
@ danny
“What’s the matter with these Greeks? Can’t they understand what’s being done to them!”
“these greeks” are used to it, m8. What? You think this was the first time? hehe…
Poote
Another HUGE swing in silver price.
WEEEEEE
What has changed that would cause a 5% downward shift?
Bruce
8Ball | June 2, 2011 at 4:58 pm
Kind of like the Argentina video series where the people made a lot of noise and in the end nothing changed very much… The president flew away in his helicopter and the people stood and watched.
Out with the old crooks and in with the new. Crooks are crooks… meet the new boss.
—————–
I think you’re right. Politics attracts a certain kind of person and they are not exactly “kind”…
Most idiots just happy with a different crook.
jimmy chen
smart idea…. take the money and then re-nationalize…..
Bruce
Danny Cunnington sez: Note: in Australia it’s called “Vegamite”. Same basic thing.
—–
Looks like poo, tastes like poo!
But I never knew it made mosquitos go away. Interesting….
There has to be tastier, less-processed food to eat than Vegemite though, surely?
F. Beard
@jimmy chen,
How do I know you’re not Dr Janus?
Nuller
@Bruce
Sure – you can eat fresh Garlic and take Vitamin A.
Will keep Australians away too !
Silver getting killed – again.
What-me-worry?
@MirrorMirror – thanks for the JB link, she is an heroic and valiant lady.
MirrorMirror
@Danny Cunnington .. Marmite / Mosquitos
Thx … didn’t know that .
Poote
Repeated blatant manipulations right on time?
How many times can “they” pull this?
Is the market so free of legal stability that this can be accepted business practice?
The Indian the Chines the whole world market is susceptible to a JPMC paper scam?
Enjoy the ride I guess.
evolutis
Want to dissect a string of bullshit? … “normal restructuring debt” ya well, define that … how in fuck do you hold that wave on the sand, with technological misinformation, away ahead of you, at every turn in the road; “normal” disappears. We all know that a monetary pig system promotes greed; so you have had your plain, vanilla greed.[you know, the mythical stuff that”Rule of Law” is based on]
The new kid in town is technological greed. Technological greed, is greed on steroids. This new kid on the block is not sustainable for the elites. Each “bonus” the elite harvest, brings them closer and closer to their own self implosion. We are lucky in one sense in that these malignant, technological offshoots of the monetary pig will bring about new realities, much faster than the elite can arrange to protect their sorry, asses from one another. Decoupled from production, the dumbass construct of the “invisible hand of the market”, and endless hiearchies will choke out all life; misinformation is a mistress that cannot be considered.
Human life relies on the transfer of information, from the infinite flow of energy and information nature supplies. Should we not start solving the many other problems the earth faces, instead wasting time on a monetary dead end?
Jon (UK)
BBC news reported that Moodys have downgraded Greece again. They say this indicates a 50/50 chance of default by Greece.
Countries give away their soveignty when joining the EU. No referendum to join, many voted No.
What-me-worry?
Marmite isn’t processed. It’s the sludge (yeast and finnings) from the bottom of traditional (warm) English beer brewing vats. Love it! Not sure about vegemite, thought ozzies only drank lager. Maybe it’s the sludge from the bottom of an australian.
What-me-worry?
That’s some wild acid evolutis.
MirrorMirror
Commodity Complex Pummeled In Preparation For QE 3
He would need 6 wives since he has multiple personalities.
Tao Jonesing
@Stacy,
“all commodities are down, just as right before announcement of QE2; they have to do that so that they can say, “we can print all we want because there’s no worry about inflation”
Commodities are going to go down much farther before there’s a QE3. The banksters (and the Fed who answers to them) need to panic the herd back into the dollar and out of the equity and commodity markets. The slow and the weak members of the herd will be picked off, which is just a bonus in view of the fact that banksters make money regardless of which direction the market is heading.
And remember, the Fed was saying (correctly, under the quantity theory of money) that there was no inflation even when commodity prices were at their peak. According to economic theory, inflation is always and everywhere a monetary phenomenon. Neither QE1 nor QE2 increased the amount of money in circulation. Yet.
What the Fed wants and needs for QE3 is a mini financial crisis. So, that’s what we’re going to have.
MirrorMirror
@120 Tons of Gold @ $1502 / Oz.
US Ton = 3,500,000 Ounces (Troy) = $5,320,000,000 = ca. 5 Bio$
UK Ton = 3,920,000 Ounces (Troy) = $5,958,400,000 = ca. 6 Bio$
So the guy was right !
Of course , Gold is worth at least 20 x that amount… which would solve the Greek, Portugese and Irish problems easily.
And of course, once the BigBanksters have stolen the Gold, only then will they declare the real value.
Anemos
i wonder, will any of you guys even care enough to protest your respective goverrnments when the invasion comes cause this is headed right for that in case you havent noticed.
Capt. Ray
@ al kyder
(about bitcoin, to do a tryout?)
What I’ll do is to put $50 into bitcoin. Now if you do the same, and you get in the ft. Lauderdale/Miami, and you need someone to babysit your boat for a day or so… (or; I have $50 worth of stuff for you to do too… how about cleaning bilges LOL) Would be fun, wouldn’t it?!
Danny Cunnington
@Bruce, I’m used to UK style Marmite and I have to admit that Aussie vegamite isn’t as nice. It’s seems more like tar. The fact is that Yeast extract could have been developed to make loads of different types of nutritional food but it wasn’t.
The thing about Marmite is: “You either love it or you hate it” That’s not many in between. Mosquitos seem to hate it and have a very advanced sense of smell.
The Danish government banned it on the grounds that it contains “added vitamins”. This claim is ludicrous. Yeast extract has the highest amount of Vitamin B1 (Thiamine) of any natural substance and large amounts of vitamin A. There’s no need to “add” vitamins to it.
This is in stark contrast to “Danish Pastry” which is made of a goo which is basically gluten, saturated fat, salt and some highly questionable chemical preservatives. You have to add nutrients otherwise the consumer dies of malnutrition. Vitamin B1 is mainly utilised by the brain. Obviously the proto-fascist monarchy of Denmark don’t want their subjects thinking too much.
evolutis
@What-me-worry? LOL / yes strange stuff that I put forward …
“The reason why Ferroplasma is interesting is because it eats iron, lives inside the equivalent of battery ACID, and excretes sulfuric ACID. So, when you think of odd life forms, when you think of what it takes to live, it turns out this is a very efficient life form, and they call it an archaea. Archaea means the ancient ones. And the reason why they’re ancient is because this thing came up when this planet was covered by things like sulfuric acid in batteries, and it was eating iron when the earth was part of a melted core. So, it’s not just dogs and cats and whales and dolphins that you should be aware of and interested in in this little journey. ”
“Your fear should be that you are not, that you’re paying attention to stuff which is temporal. Life isn’t. Whether the humans survive or don’t survive, these things are going to be living on this planet or other planets. And it’s just beginning to understand this code of DNA that’s really the most exciting intellectual adventure that we’ve ever been on.”
Your fear should be that you are not, that you’re paying attention to stuff which is temporal. I mean, George Bush — he’s going to be gone, all right? Life isn’t. Whether the humans survive or don’t survive, these things are going to be living on this planet or other planets. And it’s just beginning to understand this code of DNA that’s really the most exciting intellectual adventure that we’ve ever been on. … The monetary ‘sludge” system, how long is that sustainable?
But please, I look forward to having my mind changed … pass the marmite[what ever the hell that is] Haven’t talked to Alfred E. Newman in quite some time.
Charles A. Robinson
Music to wake by folks. Get those Free Men and Free Women juices flowing. Power to the FREE PEOPLE! Put the Banks in their subservient place! Cheers and enjoy! PS: Stacy, second link is to that Finnish band Varttina.
@ What me worry? … sorry about that, I did intend to properly recognize the Juan Eriguez quote
Danny Cunnington
@ Toa Jonesing, A Plausible theory but what’s to stop central bankers agreeing in secret to all iniate QE in concert. Then the sheople can’t see the like for like comparison. You have all this noise about USD QE but if they all did it, who would know apart from the PM holders?
“Silver’s getting killed”: No. The artificial crimex paper silver game is getting killed. The other side of this trade is that physical from coin dealers is a giveaway at about a third of it’s true value. I’m glad it’s where it is because I waiting for worker compensation payment that load me up with another 250 Ozs. (Canadian Maples seem the only thing that has a decent delivery time in Europe. SAEs are sold out and Austrian PhIlos are 3-4 weeks).
Marcio
Don’t want to disappoint you, men and women of courage, but we are in big trouble. If we are going to draw a line between us and the tyrants better do it sooner than latter, cause when they’ve pointed a gun to your head I fear it will be too late… Bang! It has just being released:
Glad to see various of the usual suspects posting. Just popped in from under a fascist regime carpet to send ee’all kisses — and a BIG HUG to Stacy and Max.
Gonzalo looks suspicious on a business suit and I miss his genial smile, now hidden by the earmuffs. I also don’t want my Gonzalo to hang himself by a tie…
I wish Max had asked him his take on bitcoin when they were broaching Euro versus Dollar.
Back to under the rotten carpet, but sending fresh&vigorous hugs.
Vonda Bra
@ Danny Cunnington
thanks for the info about Marmite. I love it too, didn´t know about the Mosquito thing though….
In Austria and Germany the product is called “VITAM-R”, you only get it in selected organic-shops, or, under another name “Alnatura-Brotaufstrich” in all “DM-markets” – but seems to be the same product.
If someone is interested in bigger quantities, there is 1 kg-package you can even order via Amazon: http://www.amazon.de/VITAM-GMBH-Vitam-R-Kr%C3%A4uter-Hefeextrakt-kg/dp/B004GOF97U
Tamir
@Stacy,
A brilliant appearance, most shocking facts.
I yelled “מה זה !” (“what is this!” in Hebrew).
Shocking, horrible.
ZORRO LONDON
Im posting this on every string I read tonight, because you guys have just got to see this!
The people will need loads of rope for these 21st century Nazis and their NWO leaders and collaborators.
This is the TRUE face of the USA ….TODAY!
And this is coming to your country next!
I am definately feeling in a vendetta kinda mood.
Crash the banks, and strip them of ALL their precious SILVER!…………………….Z
Capt. Ray
@ FB
Yeah yeah… synthetic pm… :/
But the thing is, fb, in the service industry: I’m the theme park…”!
Do I really have to slice and dice myself up to pay others? Consequently make future commitments for guaranteed payouts?
Waters are too rocky for that, imo…
Q: If I don’t want to “corporate myself” how do I generate stocks my own stock to be used in common stocks? (I’m trying to make that common stock thing of yours (the book) work. And long and behold, bit by bit I think we’re getting there. Still a PM based usury sys seems more likely to happen, imo)
You see, call me old fashion, but let’s say we trade; and you give me something you have, and after the trade you don’t but now I have it. Isn’t that what you would call; “fair and square”?
BTW:
“IOU” – …meant in the way of: “don’t press the generate coins button”… Whatever is agreed upon stays within the cloud… Swapping Bitcoins around like they’re our own created “common stocks”.
Anyway, I don’t mind putting $50 in and prommis not to generate coins (WTF?!) for about a year. FB, would you than consider joining? As long as we keep the bitcoins up in the air, they work as common stock, imo. All we have to do is neglect the exchange rates to paper and we have a ball!
“The debt has to be paid”. Why? To whom? Oh, I guess that would be the banksters who actually owe YOU. And yeppers, just like in the U.S. the police state is ready to murder you so they can profit from your death.
If I remember my Hebrew that is Ma Tsa, read from right to left… The ts character is one letter and the sound is the two English letters run together. FWIW
Casey
Which will tank first, Euro or US Dollar? That depends upon China, right? Anybody placing bets on China bailing the Euro out? Would that invite war between the US and China? Where will alliances be forged when WW3 is upon us?
F. Beard
If I don’t want to “corporate myself” how do I generate stocks my own stock to be used in common stocks? Capt Ray
You wouldn’t. However, you might exchange your goods and services for someone else’s common stock.
I strongly suspect that without the government backed counterfeiting cartel, our current banking system, to borrow from that corporations would be forced by economic necessity to issue and spend their own common stock as money thus sharing wealth rather than looting it.
Wolferl
@ Stacy
Do you have information who is the counterparty of those ex-Hellenic Postbank CDS? Who owes more than 23 Billion Euro to those Greece oligarchs? Rumours are, that the Greek branches of Credit Agricole sold a lot of those CDS in 2009.
Tamir
@Stacy,
“מה זה!” is pronounced “ma ze !”
check out this link:
20 Facts About U.S. Inequality that Everyone Should Know
Good interview; I agree with the commenter who says Gonzalo Lira looks different in a suit.
I think the Euro (currency) is just a scapegoat, a dumping ground for bad debt, to be ultimately hyperinflated away. It’s like creating a new currency for all of these countries — a fresh start, and all of the bad laundry is coming to light for all to see resulting in a new and more robust financial system.
The technology is certainly there such that the idea of a top-down financial system is on its way out.
It’s about how they are auditing the debt and repudiating the ODIOUS & ILLEGITIMATE portions. Much as Ecuador had done, driven by the WILL OF THE PEOPLE!
Wolferl
@ Stacy
Thx for the links. But still i do not know who is the original counterparty of the CDS in question. Who has to pay those 27 Billion Euro in case of a Greek default? Is it a french address?
OldEnglishGame
What about the intelligence tariff, just look at the people. They are soooo stupid. They are saving promises of dead people. You can’t get any dumber than that.
I wouldn’t take either $€£¥. I will only take silver
How do you even know that the party holding the CDS knows who the counterparty is? We know that counterparty opacity was one of the problems in the previous CDS CDO debacle. From my sources in the industry, they have been attempting to clear up the forrest, but I’m not convinced that they have. It is perfectly possible that the guys who now own those very CDS contracts do not know who is on the hook to pay out when/if the underlying collateral goes belly up. In fact, that is part of the problem, and why you see such anxiety in credit markets every time there is the slightest hiccup.
Also, that 27 billion number is in dispute. I haven’t confirmed how Kammenos got that number. The 1.3 number is the one that makes more sense as a notional value for the original CDS. TT was about 17 billion capitalized, so a 60 billion (which is what Kammenos said the payout would be on a 100% default) dollar notional CDS would mean that the firm was net short it’s own paper. Not impossible, and certainly mathematically possible since the premiums could be covered by the assets on the bank’s books, but it sounds very weird. Still, it also doesn’t make sense to me how Kammenos would make such a mistake. I’d like to get an answer to this question, and will try to do so. If/when I do I will let you guys here know.
The only thing we know for sure is that the Greek government sold its only umbrella right before a shit-storm to a VERY shady counterparty. Lots of really shady characters involved in this story whose history with the PM and the Greek government go back to the days right after the fall of the junta in 1974. A lot of the groundwork for what we see today was laid after this very crucial date.
These are the types of funds that you should be looking at:
I just want to say that the editors/writers at ZH have been boarder-line ideologically obsessed with the idea that QE3 will be a seamless transition from QE2. I know that Max falls somewhere in this camp as well, as he believes that the dollar had its last hurrah in 2008-2009.
I agree intellectually with much of what those guys write, but I dont take it as a forgone conclusion that we will have QE3. More importantly, I don’t think the FED can prevent the next crisis and I believe that liquidations will start ahead of the expectant deflation caused by a contraction in credit. The credit should contract organically as individuals and corporations move into cash. Everything is overpriced, and the only reason why people continue to buy is because they believe the inflation story and the “FED is omnipotent” story. The moment this perception changes, you will see the liquidations.
But, this is all just speculation, which is why I prefer to focus on issues of insurrection and popular rebellion in Europe
Wolferl
I agree 100 % with your posting. But if one could find out who is the counterparty you have the one with a vital interest that those CDS will not be used.
Yea, but you or I are not going to find that out. I think the best we can hope for is to find out who owns the swap, and not who is on the hook in case Greece blows up. Besides, I believe that CDS for sovereign debt is fake insurance to begin with, because there is no one there to back up the sovereign if the sovereign fails. AIG couldn’t deal with 170 billion in losses, how do you expect some of these other banks, even if they spread the risk out, to make good on 400+ billion in losses when they are already insolvent. As Max would say regarding the banks “There’s NOTHING THERE!!!”
CDS is just a way to launder money. It forces the central banks to print cash and perpetuate a failed model of regurgitating and eating your own vomit.
Capt. Ray
@ FB
AHAA! That’s what I THOUGHT! YOU BASTERD!
The CS-system let me work for someone else’s “na-gosie”!
(phonetic jiddish, that’s today’s theme I take it )
FB; since Bitcoin is such a perfect “opposite” of CS-system; it might just work, wouldn’t it?!
And I can show to you that it can work; because both you and I can start using it today!
Sure we you have to put paper into the system first. That’s how they’ve set it up. (remember that silver is a success because people have to spend their paper to “join the club”. Objectively a odd setup, but a fact of the modern day psyco).
Doesn’t bitcoin make paper vanish, peacefully? I mean, at the end of the day I trade my goods and services to fulfill a practical need. The trade (my trade) is in itself is a moneyless transaction. (example; paper nor (bit)coins can steer a boat; I do).
I sound like a f’n promo-boy; but I have to ask again;
FB, can you put $X in bit coin to get at least something started?
(And be a man, and back it up with the hard stuff ! Trust is of essence!)
Van
Protests in the streets, people going hungry, hugh profis for the rich, nothing for the poor, debtor nations getting screwed, Wall Street (JP Morgan in particular) taking hugh bets on one of the “warring” (nations) sides–if the “other side” wins JP Morgan will lose big time…In comes the USA to make sure Wall Street wins…WELCOME TO WORLD WAR ONE. I’ve been watching WW One documentaries…it’s all about the money/Empire (and Wall St). Nothinhg has changed in a 100 years.
Caveat Redemptor > Vatican > Royal Family > UN > IMF > Fiat Reserve > Banksters > Wall Street etc . The countries in the world are puppits on a string . Greece to them of the mentioned aboves are nothing more than asset stealing plan for a one world Government to be run by THE TRAIL OF TEARS .
Fiat and GOLD yes GOLD are their only true weapons they have against WE THE PEOPLE a small true asset producer of 6,999,990,000 people. And the gold they say they have each versus what they really have is a question all by its self.
People of Greece and to the people of the world do not sell any asset for thin air fiat because what you are getting is enslavement out of thin air.
Buy physical SILVER one billion ounces above ground $36.00 an ounce , Gold five billion ounces above ground $1,530.00 .
Now you know why they are throwing EVERY THING THEY HAVE to surpress SILVER they have NONE.
Those with the silver rule and yes gold is money but do you really want to play in their play ground.
F. Beard
@Capt. Ray,
I haven’t looked that deeply into BitCoin but I am tempted to buy a few just for fun. But here’s a hitch – the capital gains tax. Since the CGT is measured in FRNs then a decline in the value of FRNs causes a phoney capital gain which you must pay taxes on.
The government really needs to legalise private monies. It would be best all the way around except for the banks. But who cares about them?
Wolferl
@ Hullaballo
Don´t forget: Just like AIG most of the CDS sellers are “to big to fail”. That means they are backed by a/the state(s). So it may be that it is in the interest of this state involved that those Greek debt CDS are not used in the end.
Another brilliant show. Great article on the Greek Treason Stacyherbert. p.s you look good in dark colours.
Max I am with you, € over $ any day.
As time drags on it looks more and more like Gonzalo may be right about how the Euro will go over the next few years. One thing economists dont understand well is logistics.
Europe will not go back to how it was before the € not ever. The € was introduced for a reason. One of which was Europe became uncompetitive The Trucks used to line up at the borders, changing money, stamping passports, etc etc. Remember, the problems that the € and E.U have now, are nothing compared to why the € was born in the first place.
The USD on the other hand, is in lock step with oil prices. It appears that new technology did not save us from peak oil, So we will have to go back to plan A Get rid of the biggest consumer waster of oil. How many years will that push back the peak by ?
Al Kyder
@ ZORRO LONDON
That was a funny link. See all those people from Virginia bleating about the American Constitution. I was laughing at them. The Video was edited too much to get any context, but I suspect that these fools were blocking a highway near Langley. A brave move, but what were they expecting to happen?
Listening to them call those rollers unprofessional was also amusing. If that Old biddy made me get out of my nice warm bunker put on all that Riot Garb only to find it was a bunch of unarmed geriatrics, I would be pissed and looking to teach them a lesson.
These people could learn a lot from the greek protestors. I also see this as a problem with the American Constitution and the right to bare arms. You can see how it leaves the America public at a severe disadvantage. They can not get into an arms race with their own government military industrial complex, so not having a right to bare fire arms would be an advantage here. Having those armed soldiers standing there like that. Very intimidating. Especially when it is assumed that everyone has a gun !!
Cool! Great to see the coverage. Glad you guys are keeping the pressure up on the Greek story. The country and its people need all the support it can get.
Trichet moots single EU finance ministry
‘There is no crisis of the euro,’ says ECB president
http://www.ft.com/home/europe
No No No .. I’m telling y’all … No No No
ROTFLMAO
Kind of like the Argentina video series where the people made a lot of noise and in the end nothing changed very much… The president flew away in his helicopter and the people stood and watched.
Out with the old crooks and in with the new. Crooks are crooks… meet the new boss.
Papandreou is not just a crook. He’s an economic mass murderer. We want the names of the bastards that DIRECTLY profited from the 27 billion euro robbery and rape of Greece. This sun of a bitch should be arrested and tried for high treason.
Hit the kill switch Parker – Yes m’lady:
“The World Health Organization says the E. coli outbreak in Germany is a completely new strain of the bacteria.”
“This strain has never been seen in an outbreak situation before.”
http://www.bbc.co.uk/news/health-13626499
Wonder if it has ever been seen in a lab at Baxter or Porton Down. Where’s Jane Burgermeister?
where is hotspot – greece? what’s taking you so long to edit it? have i missed something?
@Where’s Jane Burgermeister?
Looking VERY worried !
Jane Burgermeister – will we have war in Europe?
http://www.youtube.com/user/janeburgermeister
BTW .. that video is ca. 1 year old .. she hasn’t done anything new since AFAIK !!!!!!
@gk – excuse moi! i have hours of footage and four shows a week to produce! maybe if you went to piratemyfilm and reserved some shares! http://www.piratemyfilm.com/projects/241
Maybe then I might work faster!
Well nailed by Stacy. The Greek government committing treason for personal gain. What’s the matter with these Greeks? Can’t they understand what’s being done to them!
Greek young people need to unite. They need to present their parents with “Notices of disconnection”. This states that they are irresponsible parents and Greek citizens. They have failed as such and are now ignored and unsupported. Take back your country and leave the EU. (You were geographically never part of it anyway). Any Greek authorities that oppose you should be told that after this is all over they can never live in Greece again and will be set adrift in boats to seek political asylum on the Med. (Good luck competing with the Africans).
Silver is mank ulster pretty down again right nowt
@ MAX
DSK sound and cuisinart sound are a MUST on all shows….
The problem is that regime or leadership change rarely ever happens as the result of a spontaneous event anymore… The powers that be always have contingency plans and there are always a group of carefully groomed “leaders” who are standing by in the wings, ready to do service to their masters should the need arise. Should some loose cannon who will not play ball assume a position of leadership there are ways to deal with that. Libya is a case in point.
The challenge of the Greek situation is for the power brokers to make the people feel that they have achieved some sort of substantial “change” (remember that one?) while in reality most everything remains the same or gets worse. This is essentially what happened in Egypt and now the MSM gives little or no coverage to that situation.
You cannot win the battle until you identify the real enemy and then rout him out… Kill the head and the body will follow. “We wrestle not against flesh and blood…”.
TARIFFS are GOOD, not bad…. want manufacturing back in the us, want higher wages for us workers then tariffs on all goods and services entering the us just like the rest of the world charges us. this will also affect the cost of oil given that shipping costs will most likely decline (at least at first)
@Henk – all commodities are down, just as right before announcement of QE2; they have to do that so that they can say, “we can print all we want because there’s no worry about inflation”
Man this guy is a douche,,,,,, did he just say that greeces almost 120 tonnes of gold adds upto 5 billion Euros and that would not pay off there debt……. 1 tonne has a thousand kilos and 1 kilo has 32 ounces and 1 once equals almost $1000 euros….i am no maths genius but that adds upto a shit load of dough around $4232875000.00 Euros and this wont pay off the debt and have change for more ouze
@Max .. You and Jim R. are wrong on the order of currency debasement IMO.
EUR first .. USD much later … your guest is right.
On the social side :
#1 Nearly all “people” in the EU hate the EUR …. for starters.
#2 Nearly all Americans love their USD
Any politicians that ignore that are doomed.
On the financial side :
#1 the EUR is a false construction BY DESIGN
#2 the EUR can never work anyway without all EU countries giving up their sovereignty .. as we are seeing now with Greece
Any politicians that ignore that are doomed.
My guess is that the Bilderbergs are looking for a new war, as Jane Burgermeister said.
@Stacy,
I like the horizontal stripes. It gives you a Russian Revolutionary look.
@ stacy — excuse moi… i had no idea that it’s still only half way funded.
it’s the same as everywhere else, nobody wants to pull the plug!
Gonzalo is da man.
Who woulda thunk a guy in a suit would be non-boring?
How ’bout that barcode artwork?
Time to add a QR Code piece, Gonzalo.
Papandreou is just another thief; surprise surprise.
@Mirror mirror, She’s in an Austrian Jail on trumped up charges. They waited until the flying pig flu scam abated and then arrested her. The E-coli is another bio-weapon to bankrupt Spain. The next attack will probably be a GE Mosquito that carries a deadly disease. The clue is, The ban on Marmite in Denmark which is basically yeast extract. People who eat this daily for more than a two week period exude an odour which stops Mosquitos for biting them. (Humans can’t smell it). I’m in Holland and have several hundred jars stockpiled. (No effective sell by date). I eat the stuff everyday because I like it on toast with eggs and since doing so have never been bitten by a mosquito. People use this to avoid anti-malaria jabs when going to Africa/Asia, Etc. Note: in Australia it’s called “Vegamite”. Same basic thing.
@ danny
“What’s the matter with these Greeks? Can’t they understand what’s being done to them!”
“these greeks” are used to it, m8. What? You think this was the first time? hehe…
Another HUGE swing in silver price.
WEEEEEE
What has changed that would cause a 5% downward shift?
8Ball | June 2, 2011 at 4:58 pm
Kind of like the Argentina video series where the people made a lot of noise and in the end nothing changed very much… The president flew away in his helicopter and the people stood and watched.
Out with the old crooks and in with the new. Crooks are crooks… meet the new boss.
—————–
I think you’re right. Politics attracts a certain kind of person and they are not exactly “kind”…
Most idiots just happy with a different crook.
smart idea…. take the money and then re-nationalize…..
Danny Cunnington sez:
Note: in Australia it’s called “Vegamite”. Same basic thing.
—–
Looks like poo, tastes like poo!
But I never knew it made mosquitos go away. Interesting….
There has to be tastier, less-processed food to eat than Vegemite though, surely?
@jimmy chen,
How do I know you’re not Dr Janus?
@Bruce
Sure – you can eat fresh Garlic and take Vitamin A.
Will keep Australians away too !
Silver getting killed – again.
@MirrorMirror – thanks for the JB link, she is an heroic and valiant lady.
@Danny Cunnington .. Marmite / Mosquitos
Thx … didn’t know that .
Repeated blatant manipulations right on time?
How many times can “they” pull this?
Is the market so free of legal stability that this can be accepted business practice?
The Indian the Chines the whole world market is susceptible to a JPMC paper scam?
Enjoy the ride I guess.
Want to dissect a string of bullshit? … “normal restructuring debt” ya well, define that … how in fuck do you hold that wave on the sand, with technological misinformation, away ahead of you, at every turn in the road; “normal” disappears. We all know that a monetary pig system promotes greed; so you have had your plain, vanilla greed.[you know, the mythical stuff that”Rule of Law” is based on]
The new kid in town is technological greed. Technological greed, is greed on steroids. This new kid on the block is not sustainable for the elites. Each “bonus” the elite harvest, brings them closer and closer to their own self implosion. We are lucky in one sense in that these malignant, technological offshoots of the monetary pig will bring about new realities, much faster than the elite can arrange to protect their sorry, asses from one another. Decoupled from production, the dumbass construct of the “invisible hand of the market”, and endless hiearchies will choke out all life; misinformation is a mistress that cannot be considered.
Human life relies on the transfer of information, from the infinite flow of energy and information nature supplies. Should we not start solving the many other problems the earth faces, instead wasting time on a monetary dead end?
BBC news reported that Moodys have downgraded Greece again. They say this indicates a 50/50 chance of default by Greece.
Countries give away their soveignty when joining the EU. No referendum to join, many voted No.
Marmite isn’t processed. It’s the sludge (yeast and finnings) from the bottom of traditional (warm) English beer brewing vats. Love it! Not sure about vegemite, thought ozzies only drank lager. Maybe it’s the sludge from the bottom of an australian.
That’s some wild acid evolutis.
Commodity Complex Pummeled In Preparation For QE 3
http://www.zerohedge.com/article/commodity-complex-pummeled-preparation-qe-3
But I’ve just re-read your post and I love your style.
EU.coli outbreak …
… opens 2011 virtual virus hysteria season
http://www.youtube.com/watch?v=O6pMCPvHgU0
Great report, Thanks Stacy and Max.
Who actually controls the worlds money system ?
The 8 powerfull families of the world from Infowars.
Good read.
http://www.infowars.com/the-federal-reserve-cartel-the-eight-families/
@ f beard
is he 5 feet tall with six wives?
@jimmy,
He would need 6 wives since he has multiple personalities.
@Stacy,
“all commodities are down, just as right before announcement of QE2; they have to do that so that they can say, “we can print all we want because there’s no worry about inflation”
Commodities are going to go down much farther before there’s a QE3. The banksters (and the Fed who answers to them) need to panic the herd back into the dollar and out of the equity and commodity markets. The slow and the weak members of the herd will be picked off, which is just a bonus in view of the fact that banksters make money regardless of which direction the market is heading.
And remember, the Fed was saying (correctly, under the quantity theory of money) that there was no inflation even when commodity prices were at their peak. According to economic theory, inflation is always and everywhere a monetary phenomenon. Neither QE1 nor QE2 increased the amount of money in circulation. Yet.
What the Fed wants and needs for QE3 is a mini financial crisis. So, that’s what we’re going to have.
@120 Tons of Gold @ $1502 / Oz.
US Ton = 3,500,000 Ounces (Troy) = $5,320,000,000 = ca. 5 Bio$
UK Ton = 3,920,000 Ounces (Troy) = $5,958,400,000 = ca. 6 Bio$
So the guy was right !
Of course , Gold is worth at least 20 x that amount… which would solve the Greek, Portugese and Irish problems easily.
And of course, once the BigBanksters have stolen the Gold, only then will they declare the real value.
i wonder, will any of you guys even care enough to protest your respective goverrnments when the invasion comes cause this is headed right for that in case you havent noticed.
@ al kyder
(about bitcoin, to do a tryout?)
What I’ll do is to put $50 into bitcoin. Now if you do the same, and you get in the ft. Lauderdale/Miami, and you need someone to babysit your boat for a day or so… (or; I have $50 worth of stuff for you to do too… how about cleaning bilges LOL) Would be fun, wouldn’t it?!
@Bruce, I’m used to UK style Marmite and I have to admit that Aussie vegamite isn’t as nice. It’s seems more like tar. The fact is that Yeast extract could have been developed to make loads of different types of nutritional food but it wasn’t.
The thing about Marmite is: “You either love it or you hate it” That’s not many in between. Mosquitos seem to hate it and have a very advanced sense of smell.
The Danish government banned it on the grounds that it contains “added vitamins”. This claim is ludicrous. Yeast extract has the highest amount of Vitamin B1 (Thiamine) of any natural substance and large amounts of vitamin A. There’s no need to “add” vitamins to it.
This is in stark contrast to “Danish Pastry” which is made of a goo which is basically gluten, saturated fat, salt and some highly questionable chemical preservatives. You have to add nutrients otherwise the consumer dies of malnutrition. Vitamin B1 is mainly utilised by the brain. Obviously the proto-fascist monarchy of Denmark don’t want their subjects thinking too much.
@What-me-worry? LOL / yes strange stuff that I put forward …
“The reason why Ferroplasma is interesting is because it eats iron, lives inside the equivalent of battery ACID, and excretes sulfuric ACID. So, when you think of odd life forms, when you think of what it takes to live, it turns out this is a very efficient life form, and they call it an archaea. Archaea means the ancient ones. And the reason why they’re ancient is because this thing came up when this planet was covered by things like sulfuric acid in batteries, and it was eating iron when the earth was part of a melted core. So, it’s not just dogs and cats and whales and dolphins that you should be aware of and interested in in this little journey. ”
“Your fear should be that you are not, that you’re paying attention to stuff which is temporal. Life isn’t. Whether the humans survive or don’t survive, these things are going to be living on this planet or other planets. And it’s just beginning to understand this code of DNA that’s really the most exciting intellectual adventure that we’ve ever been on.”
Your fear should be that you are not, that you’re paying attention to stuff which is temporal. I mean, George Bush — he’s going to be gone, all right? Life isn’t. Whether the humans survive or don’t survive, these things are going to be living on this planet or other planets. And it’s just beginning to understand this code of DNA that’s really the most exciting intellectual adventure that we’ve ever been on. … The monetary ‘sludge” system, how long is that sustainable?
But please, I look forward to having my mind changed … pass the marmite[what ever the hell that is] Haven’t talked to Alfred E. Newman in quite some time.
Music to wake by folks. Get those Free Men and Free Women juices flowing. Power to the FREE PEOPLE! Put the Banks in their subservient place! Cheers and enjoy! PS: Stacy, second link is to that Finnish band Varttina.
http://www.youtube.com/watch?v=d51W4_1Y34E
http://www.youtube.com/watch?v=_keS5CgpBT0
http://www.youtube.com/watch?v=tuMjUvEx9zE&feature=related
http://www.youtube.com/watch?v=f44qgQA1B-g
http://www.youtube.com/watch?v=CSymcbPhCdU
http://www.youtube.com/watch?v=0R_tnu9G0TM&feature=autoplay&list=PL2B13A8314B4E86EB&index=2&playnext=2
http://www.youtube.com/watch?v=Pm2Xxf-VvNo&playnext=1&list=PL2B13A8314B4E86EB
@ What me worry? … sorry about that, I did intend to properly recognize the Juan Eriguez quote
@ Toa Jonesing, A Plausible theory but what’s to stop central bankers agreeing in secret to all iniate QE in concert. Then the sheople can’t see the like for like comparison. You have all this noise about USD QE but if they all did it, who would know apart from the PM holders?
“Silver’s getting killed”: No. The artificial crimex paper silver game is getting killed. The other side of this trade is that physical from coin dealers is a giveaway at about a third of it’s true value. I’m glad it’s where it is because I waiting for worker compensation payment that load me up with another 250 Ozs. (Canadian Maples seem the only thing that has a decent delivery time in Europe. SAEs are sold out and Austrian PhIlos are 3-4 weeks).
Don’t want to disappoint you, men and women of courage, but we are in big trouble. If we are going to draw a line between us and the tyrants better do it sooner than latter, cause when they’ve pointed a gun to your head I fear it will be too late… Bang! It has just being released:
http://www.youtube.com/watch?v=AdOUFjE_cok&feature=player_embedded
God Bless
Glad to see various of the usual suspects posting. Just popped in from under a fascist regime carpet to send ee’all kisses — and a BIG HUG to Stacy and Max.
Gonzalo looks suspicious on a business suit and I miss his genial smile, now hidden by the earmuffs. I also don’t want my Gonzalo to hang himself by a tie…
I wish Max had asked him his take on bitcoin when they were broaching Euro versus Dollar.
Back to under the rotten carpet, but sending fresh&vigorous hugs.
@ Danny Cunnington
thanks for the info about Marmite. I love it too, didn´t know about the Mosquito thing though….
In Austria and Germany the product is called “VITAM-R”, you only get it in selected organic-shops, or, under another name “Alnatura-Brotaufstrich” in all “DM-markets” – but seems to be the same product.
If someone is interested in bigger quantities, there is 1 kg-package you can even order via Amazon:
http://www.amazon.de/VITAM-GMBH-Vitam-R-Kr%C3%A4uter-Hefeextrakt-kg/dp/B004GOF97U
@Stacy,
A brilliant appearance, most shocking facts.
I yelled “מה זה !” (“what is this!” in Hebrew).
Shocking, horrible.
Im posting this on every string I read tonight, because you guys have just got to see this!
http://www.youtube.com/watch?v=xYv6RMbuxfc&NR=1
The people will need loads of rope for these 21st century Nazis and their NWO leaders and collaborators.
This is the TRUE face of the USA ….TODAY!
And this is coming to your country next!
I am definately feeling in a vendetta kinda mood.
Crash the banks, and strip them of ALL their precious SILVER!…………………….Z
@ FB
Yeah yeah… synthetic pm… :/
But the thing is, fb, in the service industry: I’m the theme park…”!
Do I really have to slice and dice myself up to pay others? Consequently make future commitments for guaranteed payouts?
Waters are too rocky for that, imo…
Q: If I don’t want to “corporate myself” how do I generate stocks my own stock to be used in common stocks? (I’m trying to make that common stock thing of yours (the book) work. And long and behold, bit by bit I think we’re getting there. Still a PM based usury sys seems more likely to happen, imo)
You see, call me old fashion, but let’s say we trade; and you give me something you have, and after the trade you don’t but now I have it. Isn’t that what you would call; “fair and square”?
BTW:
“IOU” – …meant in the way of: “don’t press the generate coins button”… Whatever is agreed upon stays within the cloud… Swapping Bitcoins around like they’re our own created “common stocks”.
Anyway, I don’t mind putting $50 in and prommis not to generate coins (WTF?!) for about a year. FB, would you than consider joining? As long as we keep the bitcoins up in the air, they work as common stock, imo. All we have to do is neglect the exchange rates to paper and we have a ball!
@Tamir – thanks, can you write that phonetically?
“The debt has to be paid”. Why? To whom? Oh, I guess that would be the banksters who actually owe YOU. And yeppers, just like in the U.S. the police state is ready to murder you so they can profit from your death.
Of course, you can kill yourself and save them the trouble:
http://geraldcelentechannel.blogspot.com/2011_06_01_archive.html
If I remember my Hebrew that is Ma Tsa, read from right to left… The ts character is one letter and the sound is the two English letters run together. FWIW
Which will tank first, Euro or US Dollar? That depends upon China, right? Anybody placing bets on China bailing the Euro out? Would that invite war between the US and China? Where will alliances be forged when WW3 is upon us?
If I don’t want to “corporate myself” how do I generate stocks my own stock to be used in common stocks? Capt Ray
You wouldn’t. However, you might exchange your goods and services for someone else’s common stock.
I strongly suspect that without the government backed counterfeiting cartel, our current banking system, to borrow from that corporations would be forced by economic necessity to issue and spend their own common stock as money thus sharing wealth rather than looting it.
@ Stacy
Do you have information who is the counterparty of those ex-Hellenic Postbank CDS? Who owes more than 23 Billion Euro to those Greece oligarchs? Rumours are, that the Greek branches of Credit Agricole sold a lot of those CDS in 2009.
@Stacy,
“מה זה!” is pronounced “ma ze !”
check out this link:
20 Facts About U.S. Inequality that Everyone Should Know
http://www.stanford.edu/group/scspi/cgi-bin/facts.php
@Wolferl – sure, here’s a link to the original blog post from @Hullaballoo:
http://coveringdelta.wordpress.com/2011/05/29/accusations-of-treason-in-the-greek-parliament/
Also here is link to our piece with Dr. Tobras from last year where he first mentions this story:
http://bit.ly/l2WECf
Good interview; I agree with the commenter who says Gonzalo Lira looks different in a suit.
I think the Euro (currency) is just a scapegoat, a dumping ground for bad debt, to be ultimately hyperinflated away. It’s like creating a new currency for all of these countries — a fresh start, and all of the bad laundry is coming to light for all to see resulting in a new and more robust financial system.
The technology is certainly there such that the idea of a top-down financial system is on its way out.
This is a video titled DEBTOCRACY about what the Greek people are doing NOW!
http://www.youtube.com/watch?v=qKpxPo-lInk
It’s about how they are auditing the debt and repudiating the ODIOUS & ILLEGITIMATE portions. Much as Ecuador had done, driven by the WILL OF THE PEOPLE!
@ Stacy
Thx for the links. But still i do not know who is the original counterparty of the CDS in question. Who has to pay those 27 Billion Euro in case of a Greek default? Is it a french address?
What about the intelligence tariff, just look at the people. They are soooo stupid. They are saving promises of dead people. You can’t get any dumber than that.
I wouldn’t take either $€£¥. I will only take silver
@ Wolferl
How do you even know that the party holding the CDS knows who the counterparty is? We know that counterparty opacity was one of the problems in the previous CDS CDO debacle. From my sources in the industry, they have been attempting to clear up the forrest, but I’m not convinced that they have. It is perfectly possible that the guys who now own those very CDS contracts do not know who is on the hook to pay out when/if the underlying collateral goes belly up. In fact, that is part of the problem, and why you see such anxiety in credit markets every time there is the slightest hiccup.
Also, that 27 billion number is in dispute. I haven’t confirmed how Kammenos got that number. The 1.3 number is the one that makes more sense as a notional value for the original CDS. TT was about 17 billion capitalized, so a 60 billion (which is what Kammenos said the payout would be on a 100% default) dollar notional CDS would mean that the firm was net short it’s own paper. Not impossible, and certainly mathematically possible since the premiums could be covered by the assets on the bank’s books, but it sounds very weird. Still, it also doesn’t make sense to me how Kammenos would make such a mistake. I’d like to get an answer to this question, and will try to do so. If/when I do I will let you guys here know.
The only thing we know for sure is that the Greek government sold its only umbrella right before a shit-storm to a VERY shady counterparty. Lots of really shady characters involved in this story whose history with the PM and the Greek government go back to the days right after the fall of the junta in 1974. A lot of the groundwork for what we see today was laid after this very crucial date.
These are the types of funds that you should be looking at:
http://online.wsj.com/article/SB10001424052748704002104575290462495992430.html
@Mirror Mirror
In reference to your post:
Commodity Complex Pummeled In Preparation For QE 3
http://www.zerohedge.com/article/commodity-complex-pummeled-preparation-qe-3
I just want to say that the editors/writers at ZH have been boarder-line ideologically obsessed with the idea that QE3 will be a seamless transition from QE2. I know that Max falls somewhere in this camp as well, as he believes that the dollar had its last hurrah in 2008-2009.
I agree intellectually with much of what those guys write, but I dont take it as a forgone conclusion that we will have QE3. More importantly, I don’t think the FED can prevent the next crisis and I believe that liquidations will start ahead of the expectant deflation caused by a contraction in credit. The credit should contract organically as individuals and corporations move into cash. Everything is overpriced, and the only reason why people continue to buy is because they believe the inflation story and the “FED is omnipotent” story. The moment this perception changes, you will see the liquidations.
But, this is all just speculation, which is why I prefer to focus on issues of insurrection and popular rebellion in Europe
I agree 100 % with your posting. But if one could find out who is the counterparty you have the one with a vital interest that those CDS will not be used.
Yea, but you or I are not going to find that out. I think the best we can hope for is to find out who owns the swap, and not who is on the hook in case Greece blows up. Besides, I believe that CDS for sovereign debt is fake insurance to begin with, because there is no one there to back up the sovereign if the sovereign fails. AIG couldn’t deal with 170 billion in losses, how do you expect some of these other banks, even if they spread the risk out, to make good on 400+ billion in losses when they are already insolvent. As Max would say regarding the banks “There’s NOTHING THERE!!!”
CDS is just a way to launder money. It forces the central banks to print cash and perpetuate a failed model of regurgitating and eating your own vomit.
@ FB
AHAA! That’s what I THOUGHT! YOU BASTERD!
The CS-system let me work for someone else’s “na-gosie”!
)
(phonetic jiddish, that’s today’s theme I take it
FB; since Bitcoin is such a perfect “opposite” of CS-system; it might just work, wouldn’t it?!
And I can show to you that it can work; because both you and I can start using it today!
Sure we you have to put paper into the system first. That’s how they’ve set it up. (remember that silver is a success because people have to spend their paper to “join the club”. Objectively a odd setup, but a fact of the modern day psyco).
Doesn’t bitcoin make paper vanish, peacefully? I mean, at the end of the day I trade my goods and services to fulfill a practical need. The trade (my trade) is in itself is a moneyless transaction. (example; paper nor (bit)coins can steer a boat; I do).
I sound like a f’n promo-boy; but I have to ask again;
! Trust is of essence!)
FB, can you put $X in bit coin to get at least something started?
(And be a man, and back it up with the hard stuff
Protests in the streets, people going hungry, hugh profis for the rich, nothing for the poor, debtor nations getting screwed, Wall Street (JP Morgan in particular) taking hugh bets on one of the “warring” (nations) sides–if the “other side” wins JP Morgan will lose big time…In comes the USA to make sure Wall Street wins…WELCOME TO WORLD WAR ONE. I’ve been watching WW One documentaries…it’s all about the money/Empire (and Wall St). Nothinhg has changed in a 100 years.
ODIOUS_DEBT
ODIOUS_DEBT
ODIOUS_DEBT
ODIOUS_DEBT
Look & Learn!
http://en.wikipedia.org/wiki/Odious_debt
TRAIL OF TEARS
Caveat Redemptor > Vatican > Royal Family > UN > IMF > Fiat Reserve > Banksters > Wall Street etc . The countries in the world are puppits on a string . Greece to them of the mentioned aboves are nothing more than asset stealing plan for a one world Government to be run by THE TRAIL OF TEARS .
Fiat and GOLD yes GOLD are their only true weapons they have against WE THE PEOPLE a small true asset producer of 6,999,990,000 people. And the gold they say they have each versus what they really have is a question all by its self.
People of Greece and to the people of the world do not sell any asset for thin air fiat because what you are getting is enslavement out of thin air.
Buy physical SILVER one billion ounces above ground $36.00 an ounce , Gold five billion ounces above ground $1,530.00 .
Now you know why they are throwing EVERY THING THEY HAVE to surpress SILVER they have NONE.
Those with the silver rule and yes gold is money but do you really want to play in their play ground.
@Capt. Ray,
I haven’t looked that deeply into BitCoin but I am tempted to buy a few just for fun. But here’s a hitch – the capital gains tax. Since the CGT is measured in FRNs then a decline in the value of FRNs causes a phoney capital gain which you must pay taxes on.
The government really needs to legalise private monies. It would be best all the way around except for the banks. But who cares about them?
@ Hullaballo
Don´t forget: Just like AIG most of the CDS sellers are “to big to fail”. That means they are backed by a/the state(s). So it may be that it is in the interest of this state involved that those Greek debt CDS are not used in the end.
Michael Hudson of the Financial Class’ declaration of War:
http://michael-hudson.com/2011/06/eu-class-war-declared/
Australian economist Bill Mitchell:
“When the elites wine and dine together and hand out prizes to each other”
http://bilbo.economicoutlook.net/blog/?p=14739#more-14739
@ maxkeiser & stacyherbert
Another brilliant show. Great article on the Greek Treason Stacyherbert. p.s you look good in dark colours.
Max I am with you, € over $ any day.
As time drags on it looks more and more like Gonzalo may be right about how the Euro will go over the next few years. One thing economists dont understand well is logistics.
Europe will not go back to how it was before the € not ever. The € was introduced for a reason. One of which was Europe became uncompetitive The Trucks used to line up at the borders, changing money, stamping passports, etc etc. Remember, the problems that the € and E.U have now, are nothing compared to why the € was born in the first place.
The USD on the other hand, is in lock step with oil prices. It appears that new technology did not save us from peak oil, So we will have to go back to plan A Get rid of the biggest consumer waster of oil. How many years will that push back the peak by ?
@ ZORRO LONDON
That was a funny link. See all those people from Virginia bleating about the American Constitution. I was laughing at them. The Video was edited too much to get any context, but I suspect that these fools were blocking a highway near Langley. A brave move, but what were they expecting to happen?
Listening to them call those rollers unprofessional was also amusing. If that Old biddy made me get out of my nice warm bunker put on all that Riot Garb only to find it was a bunch of unarmed geriatrics, I would be pissed and looking to teach them a lesson.
These people could learn a lot from the greek protestors. I also see this as a problem with the American Constitution and the right to bare arms. You can see how it leaves the America public at a severe disadvantage. They can not get into an arms race with their own government military industrial complex, so not having a right to bare fire arms would be an advantage here. Having those armed soldiers standing there like that. Very intimidating. Especially when it is assumed that everyone has a gun !!