As was to be expected, over the weekend the Irish Goobermint caved to the Illuminati and have at least in general terms agreed to ask for a Loan from the IMF/EMU, although the exact details of what they are going to “ask” for have yet to be spelled out in the MSM. The announcement here on Sunday night is meant to quell anxiety before the markets open for biz on Monday morning. At least in the early trading, this is functioning as expected. The Euro is trading up again, and for the moment Bond holders of Irish debt have had their fears of a Haircut relieved.
However, the most important party to this transaction, the Irish people who now have another $25K or so per capita tacked onto their personal indebtedness have yet to be heard from. At least one of our members here Hubris who currently lives in Ireland is of the opinion his Irish brethren are about as cowed as J6P here in Amerika, and will basically react to this by crowding the Pubs, chugging Guinness and complaining loudly to each other about their Goobermint stooges, but not much else will occur. According to him, the IRA is a Paper Tiger, and any bombings or assassinations that might evolve from this will be False Flags actually perpetrated by MI5, British Intelligence.
I personally find it hard to believe that the Irish won’t at least react with some Strikes and then depose the current Goobermint with a new one, since its popularity is sinking to all time lows. Of course similar to here in the FSofA, anybody new they drop in there will also end up caving to the Illuminati. The next week will be an interesting one to watch and see if there is any real reaction out of the Irish people or not for having been sold into Debt Slavery by their Goobermint.
Now, the Ink isn’t even dry yet on the supposed agreement reached here, but already the Bond Vigilantes have moved onto the next weak link in the PIIGS chain, Portugal. Bond spreads are widening there, and they have even less cash on hand than the Irish do, so in pretty short order here they will be getting a visit from the IMF/EMU Hit Squad of Bankster Cleaners. Then onto Spain, then onto Italy.
One can expect Helicopter Ben to open the Fed Money Spigot to Full On in order to facilitate this charade, although by the time this Parade makes it to Italy my expectation would be Angela Merkel will have had enough of Bailing out the Lazy Latins of the South with hard earned Teutonic Cash. Even if she doesn’t though, once the Bond Vigilantes finish with the last of the PIIGS, they will move into the Core and go after France and Germany itself. The Cascade cannot be stopped, it has to work its way back to the core. On a Global Level, with the Dollar as World Reserve Currency, the Last Stop on the train to the end of this Monetary system will be DA FED, of course.
As the train moves along through each of these Stops, its impossible to determine just how many Trillions Helicopter Ben will print to keep the European Toilet system flush with Liquidity. This above and beyond the QE2 ship he set sailing a week or two ago or so to keep the Homeland Money Toilet Flushing. Exactly what he will do when USTs are attacked is anyone’s guess, but I swear I still can’t see how it will get that far before the Daisy Chain gets broken.
Even after each of these Nations in turn gets its Bailout Loan from the IMF, even assuming Helicopter Ben has another trick up his sleeve to perpetuate the agony once the Bond Vigilantes hit on USTs, next year we go through the same process all over again as each Nation fails to meet its Tax revenue targets and needs another Loan to roll over last year’s loan. Welcome to the World of the Perpetual Bailout!
In the meantime, back on Main Street worldwide, Unemployment continues to grow, Goobermint services continue to be cut until finally what your Goobermint gets cut down to is just the CONgress or Parliament and the associated Military Police necessary to surround the buildings to keep them from being Torched. I don’t care how cowed J6P is, once the SNAP card system goes down J6P himself will SNAP. So sometime before that actually occurs, or when it occurs, then comes the official declaration of Martial Law, and bye bye any pretense at Due Process of Law or any other guarantee in the Constitution.
So back into prediction mode, I give this deal maybe a year to play out. Given my track record with this sort of prediction, you can take that with a few grains of salt, obviously. LOL. Hopefully, somewhere along the way in the next year some set of Politicians somewhere grow a pair and Just Say No to Drugs, aka Illuminati Debt Money. Once one country does it, also in Cascade mode every other country will also. Of course you still get more or less the same result of Martial Law, but at the same time it will get the restructuring going that much quicker and make it a good deal more difficult for the Illuminati to maintain control of the strings of power using Money and Debt. Thereafter, they will have to maintain control by Force, for as long as they can control and maintain the military.
I’ll conclude here where I started, with the Irish People, who have not yet had a chance to react in some way to being sold out by their Goobermint. After all the years of the Troubles, all the Blood that was spilled from the time of Sinn Fein to the Irish Republican Army, I simply cannot believe that there isn’t some long dormant cell that will awaken here, but I do for the moment have to accept the local wisdom of our Irish Expert Hubris that all the Irish will do is moan and complain to each other across a Pint of Guiness. Time will tell.
RE
PS: Since I wrote this last night, morning newz on Zero Hedge has it that Sinn Fein is trying to take over Goobermint Offices.
As Yogi Berra said. “It ain’t over till its over”
Kill Bill says:
I think they will have buyers remorse in short order from borrowing from the dubious IMF
~~~~
OT alert [I dont have permission to write posts =]
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23rd November 2010 at 5:47 pm
Apostle of RE says:
It is no longer possible to deny the HOLY truths of the NEW Messiah. I have struggled long to defend my DELUSIONS, but the truth of his REALITY has overcome all DOUBTS. I am now compelled to follow him. The world must learn of his mighty TEACHINGS. WE cannot save everyone, but we MUST save those we can.
I have abandoned my PIGMAN ways. HIS mighty teachings have lead me to the LIGHT. I am converting my worldly assets, which I gained by raping the WEAK and pillaging the EARTH, into commodities and goods that I can use when the coming DARKNESS arrives. I will purchase many bows and arrows, and will learn to use the sling that felled GOLIATH. So to will I gather guns, but know that the means for making and repairing them will soon pass from the earth as we return to the PRE-INDUSTRIAL AGE. I am gathering many pointy sticks with which to farm, as mankind will have no source of ENERGY when the OIL is gone. Mankind cannot overcome this loss and will fall into the Great Abyss. People will turn one on another, and the world’s population will fall to perhaps one ore two breeding pair. I hope my partner is ATTRACTIVE.
In order to survive the Great Abyss, I am moving to Tristan da Cunha. I will bring with me my sticks and bows, my seeds and guns. There I will search for free WIFI service (LOL) so that I may continue my MASTER’S work. I will teach Spanish and Forensic Science to the members of my Tribe in exchange for roots and berries. I will spend my days composing articles of no fewer than 5000 words and posting them with the free WIFI (LOL).
I will have no need of money. My pointy stick, bows, and roots and berries will sustain me. Money is a false system manufactured by the ILLUMINATI and PIGMEN to enslave the MEEK (who must now get ANGRY and SLAUGHTER the VILE ILLUMINATI and PIGMEN). My MASTER has proved that: 40,000 years ago there was no money. Thus is the proof that money is not VIABLE but is the tool to enslave.
I will deny all medical treatment lest I grow old. My MASTER has shown long life to be a CRIME. When I can no longer wield my pointy stick nor TEACH my FORENSIC SCIENCE in exchange for enough roots and berries to survive, I will throw myself into the sea. He has proven to me that this is only right and just.
I will teach his mighty message via the free WIFI. I will concentrate on posting his message on TBP, where my daily 5000 words will be warmly welcomed by SMOKEY and STUCK. ANYONE who finds fault with the HOLY writ will be deemed to be infected with MAD COW or Alzheimer’s and will be ridiculed and shunned. I will comment on each article endlessly, and will give each of these comments no less than 6 THUMBS UP so that they will be highlighted in color to draw more attention. I will post positive comments under assumed NAMES so as to draw more sheeple to my master’s message.
I will make many references to the GOOBERMINT. I do not yet understand my master’s position on this entity, but I will follow his lead and will make sure I quote him many times per article. The GOOBERMINT is surely EVIL and must be DESTROYED. I will tell everyone that to SURVIVE they must move far, far away from people. People are bad. Especially PIGMEN and ILLUMINATI. I do not know what an ILLUMINATI is, but I will destroy any I find. PIGMEN are very easy to distinguish from the MEEK. PIGMEN have HUGE SNOUTS and big bumps on their asses from their fat WALLETS. They can be found paying TAXES and giving jobs to the MEEK. This cannot be allowed and they must be DESTROYED.
I will make sure I quote many FACTS in each article. I will of course verify none of these FACTS. That is the job of the reader (LOL). Every article must end by reminding the reader that they must prepare for Doomsday, and that CAPITALISM is evil and abusive of the MEEK and that the MEEK must get angry and DESTROY the ILLUMINATI. I must repeat this many times during the article. It both highlights the point to my many, many readers, and makes 5000 words easier to accomplish each day.
I will describe often what I buy each week, and how much each item costs. I do not know how I will buy anything, as I have forsaken evil MONEY but it is important that I tell people this. Do not know why, but my master deems it important so I will follow him, as always.
When the length of my articles is criticised, I will remind the PIGMAN who is criticising that I have a GREAT FOLLOWING on SEVERAL websites. I will emphasize that these many followers have come to expect to be treated to my many words, and would lose faith in my message if I do not meet my standards each day. I must get my message out and it requires many words.
I must now get started on my article. I have another 4006 words to write. It is important that you be PREPARED for DOOMSDAY. The ILLUMINATI and PIGMEN, supported by the evil GOOBERMINT, must be stopped and DESTROYED. Prepare yourselves for a time of NO OIL and so no ENERGY. DO not allow yourself to live long as it is a SIN against NATURE. FIND a tribe, and move to a far away land. The stock market will drop 5000 points by Dec 1. I am backing my prediction by converting some of my pointy sticks to money so that I can go SHORT on the stock market.
In my master’s name. See you on my backside.
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23rd November 2010 at 6:38 pm
Reverse Engineer says:
Awesome work Stuck! LOL.
RE
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23rd November 2010 at 6:40 pm
Reverse Engineer says:
BTW, how long did it take you to write that parody? Its hilarious!
RE
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23rd November 2010 at 6:51 pm
Smokey says:
LLPOH—-I haven’t laughed this hard in at least two years. Truer words have never been posted on this blog.
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23rd November 2010 at 6:54 pm
Apostle of RE says:
RE – I amused myself to no end with that. I have saved it for possible future use, of course. Thought about it a while and it took an hour or so. By the way, keep guessing.
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23rd November 2010 at 6:54 pm
Apostle of RE says:
Smokey – Thank you. Thank you very much.
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23rd November 2010 at 6:55 pm
SSS says:
I’m with Smokey, RE. That’s LLPOH.
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23rd November 2010 at 7:09 pm
Reverse Engineer says:
Well, whoever you are, my thanks. Parody is the most sincere form of flattery, and honestly I could not have done a better job myself. You clearly have spent plenty of time getting the RE style down just right. Man you threw the KITCHEN SINK into that post! You even got Tristan de Cunha in there.
Keep up the good work! Made my day.
RE
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23rd November 2010 at 7:13 pm
Milw05 says:
Apostle of RE. Excellent work! I laughed so hard I almost fell off my chair. I had to control my out of control laughing because I was worried my family may have thought I’ve lost it. You should write for the Onion, your very talented.
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23rd November 2010 at 8:19 pm
Apostle of RE says:
Milw05 – Thank you. This may become an alter ego, as I enjoyed the process.
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23rd November 2010 at 8:25 pm
newsjunkie says:
Punk – is that you? I can hardly see through the tears, I’m laughing so hard.
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23rd November 2010 at 8:43 pm
Apostle of RE says:
Newsjunkie – thank you very much, but you cut me to the quick. Punk I am not. His is a young mind, incapable of seeing the truth of Master RE.
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23rd November 2010 at 8:46 pm
Punk in Drublic says:
newsjunkie
You just made my day. Maybe someday I will get to be that funny, after many more decades of practice. I thought maybe StuckNinja at first but now I am thinking Smokey and SSS are right. LLPOH has finally gotten off his ass and put some effort into teasing RE, with epic results.
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23rd November 2010 at 9:12 pm
llpoh says:
Punk – you flatter me to put me in the same sentence with the esteemed Stuck. Apostle of RE is obviously a man of great talent and insight to have so seen into the soul of RE.
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23rd November 2010 at 9:18 pm
Smokey says:
Apostle of RE’s comments need to go directly to TBP Hall of Fame.
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23rd November 2010 at 9:30 pm
SSS says:
LLPOH
You said, “Punk – you flatter me to put me in the same sentence with the esteemed Stuck. Apostle of RE is obviously a man of great talent and insight to have so seen into the soul of RE.”
That’s a bullshit red herring. It was you.
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23rd November 2010 at 10:23 pm
llpoh says:
SSS – I note that the great man himself has not weighed into this mystery as yet. Is it not unusual that he has absented himself from a topic so near and dear to his heart? Only The Shadow knows the truth, and so far he ain’t saying.
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23rd November 2010 at 10:34 pm
Punk in Drublic says:
Europe is a bunch of turds circling the bowl, banksters keep flushing and fishing, latching onto public revenue streams, “saving” countries from default. Where is this cash flow going to come from? It can’t come from the central banks forever.
The Tickerguy said he gave this “crap pile” 3 to 6 months today, so RE is is giving the GOOBERMINT and DA FED and the ILLUMINATI more credit than some. I believe the opinion of Denninger over RE, as he has his thumb on the pulse of the credit markets, but his extreme negativity could be a little early.
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23rd November 2010 at 11:44 pm
Novista says:
Yeah, RE, I can see how Joe Sixpack transitions into Joe Sixgun.
AoRE, nice pastiche. Thanks for the textual and other clues.
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23rd November 2010 at 6:02 am
Apostle of RE says:
Thanks Novista.
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23rd November 2010 at 1:41 pm
Reverse Engineer says:
Even though the Banksters appear to have forced the Irish Goobermint into Capitulation, its not stopping a Run on the Irish Banks. Similar Runs are soon to follow on Portuguese and Spanish Banks. This is going to make any kind of Bailout of any of these countries impossible to sustain.
As of yet, this isn’t quite the same type of run on the banks you saw in the 1930s, as thousands of customers lined up outside the doors of closed banks demanding their money, because of course these days hardly any money at all is in the form of paper notes. In the 1930s, if a bank ran out of Paper Money to issue out to its depositors, there was nothing that bank could do until the next Delivery came via Armored Car of more Paper Money.
Not true now of course in the Digital Age of money as digibit and the instantaneous transfer of funds via the internet. A “run” on an Irish Bank would amount to the following today:
1-Depositor loses confidence in the bank
2-Depositor goes on the internet and transfers funds from his Irish Bank Account to the Swiss Account he is more confident of.
3-Bank Digibits start rapidly depleting as more and more depositors do the same thing, quickly turning what seemed to be a solvent bank by its deposits insolvent, with negative numbers flashing RED on screens at the BIS, ECB and Fed.
4-Via instantaneous Swaps, either the Fed or the ECB can keep shoveling digibits toward the hole in the dyke in the Irish Bank that is leaking funds.
5-Banksters rally quickly to try to Plug the Leak by offering new loans to Ireland, hoping this stops the run on the Banks there.
6-It doesn’t WORK, the Bank Run continues.
7-Helicopter Ben keeps the Money Spigot open to said Bank Depositors by continuing to send digibits of money he doesn’t have into those accounts
From the point of view of the current depositors making run on these banks, there appears to be no problem at all. They are mostly BIG depositors also, who have other accounts to transfer money to in Banks in other countries. Its all happening Electronically at the Speed of Light, there are no massive Lines of people forming outsides Banks during such a panic run on the Bank. The folks who have transferred their Digibit money across borders to another Bank in a different country now feel SAFE. PHEW! I got out JIT!
Where are these Big Depositors most likely moving their “money”, aka Digibits? Based on History, one could guess into Swiss Bank Accounts. Problem here of course is that in REALITY, the Swiss Banks they are dropping the money into are no more solvent than the Irish Bank they just pulled the digibits out of. Only difference is the Bank Run hasn’t made its way YET to the Swiss Banks, and it probably will take a bit more time for it to get there, but get there it will.
Thing to remember here is the ONLY thing that is stopping this from becoming an all out Public Panic Run on the Banks is the Fact that Helicopter Ben is providing Infinite Liquidity no matter how BK a given bank is.
I really WISH I could tap into one of the screens at the BIS or the Fed, watching the Cascade take place! See, it started as a trickle, a tiny hole in the dyke in Iceland. Then Greek depositors start running from Greek Banks. Now it’s a rivulet of water pushing through the Hole in the Dyke. Down goes confidence in the Irish debt, and the Rivulet is a Stream of Water. On we move to Portugal, it turns into a RIVER. Over to Spain, the River is the size of the Mighty Mississippi. Italy? The Dyke BURSTS. France & Germany? Its NIAGARA FALLS.
Based on the internal resistance level of Hawks at the Fed, it doesn’t look like Helicopter Ben will be able to keep the Funny Money Spigot Open Wide forever here. Eventually here, some depositors somewhere are NOT going to be able to transfer money from their accounts. When the Internet Transfer doesn’t go through, that is when the Depositors will come out from behind their Laptops and start Lining Up at the Bank Doors DEMANDING their money. A little ways off still, but coming down the pipe nonetheless.
Stoneleigh has this pegged very well. It’s a question of multiple and overlapping claims on wealth, which right now is being disguised by printing more money and making every depositor and investor whole. The printing won’t continue on forever though, anymore than Commodities Prices will continue on an ever expanding Hyperinflationary spiral. The Political Wind is shifting here, and a QE3 becomes less politically possible each day. The Chinese won’t stand for it, and completely demolishing the monetary system through endless printing doesn’t serve the interest of the Illuminati. Somewhere along the line of this Cascading Bank Run, the Money Spigot from Da Fed will be CUT OFF, like cutting off the flow of water from the Colorado River into CA. At this time, the multiple and overlapping claims will begin to be extinguished. Forget J6P, this is when the REAL battle takes place, it becomes Pigman v Pigman for ALL the Marbles.
Think of it like Thunderdome, except leveraged 100:1. 100 Pigmen Enter, only ONE can leave holding the Last Marble. Its gonna get mighty nasty up there at the Top of the Ponzi. Any bets out there on the Last Pigman Left Standing? Warren Buffett? Nathan Rothschild perhaps? The Dutch Royal Family? Prince William & Kate? The Pope?
RE
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23rd November 2010 at 6:03 pm
Goldorack says:
Hi RE,
can you relay the call for the 7th of december?
I’m not a contributor, but this can be interresting.
here in Europe, around 50,000 people will try to spead panic among the mofobanksters by emptying their account on the 7th of december.
I hope this will work a tad and that we’re going to hear about in the MSM. something like a revolution, or anything, I dunno, is needed.
you can help us in the US to fuck the system. just by taking some cash on the 12/07/10…
stand up people!
http://www.bankrun2010.com/
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23rd November 2010 at 6:18 pm
Smokey says:
Goldopussy—–Why do you want to sabotage our markets, you shit-eating frog? That is typical of all you cowards in France. America always saves your sorry asses because you are to pussified to defend yourselves, and then you hate us for it. Maybe when Al Qaeda explodes a suicide bomb in the Louvre, you chicken-shit frogs will man up, instead of hiding behind our military. France eats shit.
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23rd November 2010 at 6:38 pm
Reverse Engineer says:
@ Goldy
I’ll write an article promoting the Bank Run closer to Dec 7th.
RE
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23rd November 2010 at 6:44 pm
llpoh says:
Goldo – keep your shit in your own toilet will you. Don’t need to try to export it.
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23rd November 2010 at 7:16 pm
Punk in Drublic says:
Smokey
Why on earth would you dis Goldokiller for sticking it to your bankster butt buddies? How about on Dec 7th, you drive your Escalade off a bridge.
Dipshit.
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23rd November 2010 at 7:20 pm
Punk in Drublic says:
LLPOH
Go up into your attic and pull out this months copy of Playboy. (I know you’ve got one hidden somewhere) There is an article called how to kill a bank. Or something like that. There is some history behind the idea, so MuckAbout tells me. Sounds like this is the beginning of a movement. Also sounds like a great fucking idea to me.
Goldomaniac
Is this run targeting any specific banks? Or just a trial run? Get it? TRIAL RUN. Hee hee.
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23rd November 2010 at 7:32 pm
llpoh says:
Punk – 50000 pulling their money out will be like a gnat on an elephants ass. The real point is that Goldo can mind his own fucking business. I am sure that he and his buddies can go surrender to someone like they are won’t to do.
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23rd November 2010 at 7:47 pm
Punk in Drublic says:
“50000 pulling their money out will be like a gnat on an elephants ass.”
So what? Its a start. As people begin to wake from their stupor and pay attention they will discover that their governments and banking systems have fucked them over, and just as I did, they will get pissed. This is directed anger, targeted anger. There may very well be bankster blood in the streets before this is over, maybe we can kill a few bankster brand names beforehand.
Tank a bank is a good idea.
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23rd November 2010 at 8:07 pm
llpoh says:
Punk – want to blow up BoA be my guest. Better yet Goldman if you can figure out how. But random targeting of banks is not a good idea. Many small banks were not complicit in the issues and don’t nned any extra problems.
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23rd November 2010 at 8:48 pm
Smokey says:
Punk—-I’d drive my Escalade off a bridge on Dec 7th, but I will be preoccupied that day. That’s the day your old lady made me promise to bend her over and give her a yard of hard, right before I wash her tonsils with a half pint of throat yogurt. Why don’t you and Goldopussy get RE to join you in a circle-jerk?
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23rd November 2010 at 9:10 pm
llpoh says:
You gonna take that, Punk? May have to change your name to Punked.
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23rd November 2010 at 10:46 pm
Smokey says:
Of course he’s gonna take that. He already knows his old lady swallows like a champ.
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23rd November 2010 at 10:51 pm
llpoh says:
Hope he’s not under the bed when you are laying the pipe.
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23rd November 2010 at 10:57 pm
Opinionated Bloviator says:
Blow up Goldman Sachs. Easy. Consolidated accounts valued at Mark to Market and down she goes. ALL of the TBTF banks are INSOLVENT, only the infinite free money flows and stealth bailouts via Congress and the fed allows the scam to continue, until it does not. Once it ends… Gold to $5000?, Maybe, if the US dollar is rendered worthless due to the meltdown of Wall Street, what other madness could occur?
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23rd November 2010 at 11:24 pm
Punk in Drublic says:
LLPOH
You are right, withdrawing your money from just any old bank won’t do. The TBTF banks should be the real targets.
Smokey
Your pornographic taunts indicate severe sexual frustration. Do you work at the SEC? I think you must. I am sure you eagerly await the release of Lesbian Midget Fisters to add to your collection. Do me a solid and wipe Blankfeins butt crud off your johnson before coming near my old lady.
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23rd November 2010 at 9:19 am
Goldorack says:
“Goldopussy—–Why do you want to sabotage our markets, you shit-eating frog? That is typical of all you cowards in France. America always saves your sorry asses because you are to pussified to defend yourselves, and then you hate us for it. Maybe when Al Qaeda explodes a suicide bomb in the Louvre, you chicken-shit frogs will man up, instead of hiding behind our military. France eats shit.”
Smokey, were did you get this bad breath? it smells like a fart. maybe you should slow down on pumping your banker’s cock, no good for your artificial teeth. so you speak in the name of America? fuckin’ cool to have a hero at hand. tell us how many people from your family have been KIA and how many others have seen a frontline, impress me superman.
as for Al Qaeda, our guys would have shot bin laden twice if the mofos from the CentCOM hadn’t refused to give the clearance.
so stop poping those white dots on your face, go to your Escalade and drive to this bridge.
bisous petite pédale. knula din farfar, jävla.
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23rd November 2010 at 2:39 pm
Smokey says:
Goldopussy—–People from my family are too smart to be KIA, you fucking douchebag. People from my family eat lightning and crap thunder, we are bad motherfuckers. Your guys would have shot Bin Laden twice? LOL. Kind of hard for your guys to shoot Bin Laden while they are hiding behind their mommy’s skirts. France has a well-deserved reputation for cowardice, chickening out when the going gets tough. That’s typical of French cowards—sabotage our markets electronically from afar, because you know our bankers would kick your sorry pussy asses all the way back to Marseilles.
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23rd November 2010 at 2:57 pm
Goldorack says:
“llpoh says:
Punk – 50000 pulling their money out will be like a gnat on an elephants ass. The real point is that Goldo can mind his own fucking business. I am sure that he and his buddies can go surrender to someone like they are won’t to do.”
who is the surrender monkey here? were did you read the goal was to sink little banking companies? of course it isn’t.
the goal is to force the MSM to talk about it, and to put a halt to the systematic rape of the laws and of the people.
you can’t criticize the system and protect it. send my greetings to this shithead of Smokey when you will share the turkey together.
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23rd November 2010 at 2:58 pm
Goldorack says:
“sabotage our markets electronically from afar”
who is sabotaging the markets? France? why you said OUR markets? do you think someone gives a shit for your dirty ass on this side of the pond? get down your ladder, Einstein.
you are a such a fucking moron, it is hard to believe. I should better discuss the relativity theory with a drunk tramp, it would be a gain of time if compared.
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23rd November 2010 at 3:08 pm
llpoh says:
Smokey – goldopussy and his ilk only are brave in a mob. Otherwise they are no more than a bunch of yellow pussies. Their greatest general wasn’t even French. Bwahahaha. Hard to find a leader when they are all cowering behind a tree.
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23rd November 2010 at 3:15 pm
Reverse Engineer says:
There has been talk here on the Blogosphere for a while about purposefully running on the TBTF Banks here in the FSofA, taking your money out of JPM and BofA and depositing it in your local Credit Union. KD over on Ticker has advocated for this for quite a while.
Over in Europe, it appears that now they are planning such a J6P coordinated attack on their TBTF Banks on Dec 7th. Perhaps 50K people already committed to doing so, and who knows maybe it goes to 100K by Dec 7th. Interesting the day chosen here is the same day as the Bombing of Pearl Harbor by the Japanese, 60 years to the day.
What kind of effect might it have?
Well, the first thing you have to remember is the maldistribution of Wealth overall. If the 50-100K people who pull money out are just people with a few $1000 or so in their accounts, its not going to make much difference. The people who really need to shift out their money are the 10% or so of people who have 90% of the wealth. If a significant portion of those people are part of the 50K who move their money, this will significantly shift the ballast in the Titanic, and it will list over and possibly drop a rail under and sink one of these banks. Poor folks moving their money will barely make the boat rock gently.
The thing is here, it really is the Rich folks who are the MOST worried. They are the ones who stand to lose the most money if they are the last to try and Jump Ship. So if in fact you get a Panic Run started amongst the Wealthy, then you really will upset the banking system significantly.
The “Bond Vigilantes” are really the mega rich. Typical J6P doesn’t hold Sovereign Debt, not even that much in Pension Funds. Its mostly extraordinarily wealthy people who will park money in Sovereign Debt, its generally low yield but considered very safe until recently. So if you have $1B or more say, get only 2% on it, you have a safe investment that yields a tidy $20M/year income. Needless to say, the Illuminati have significantly more than $1B invested in such debt, and they generally get more than 2% interest on it also, at least they did prior to ZIRP.
The FEAR being generated here through bank runs even by small fry is what communicates itself up to the Big Boys. The people running on the Irish Banks are not for the most part Irish depositors, its very BIG depositors who park some money in those banks to facilitate their buying and selling in the Irish Market. Same folks have already run on the Greek Banks, and they are set to start running on the Portuguese and Spanish ones also. These folks are ALL pretty much going to run to either the Swiss Banks or to the Dollar, probably parking most of it with Goldman Sachs. FOOLS! Goldman Squids will pocket the deposits as Bonuses and head for Argentina! LOL.
This is the whole ballgame really, not what J6P does with the Chump Change he is left with here, but each of these Pigmen trying to figure out just where to go to secure their particular pile of Gold. Do I run to Switzerland with it or to Asia? Do I park it in Pork Bellies or Oil this week? Should I invest in Jim Rogers new Securities for building Bridges to Nowhere in China? LOL. As one after another of these asset classes fails to produce returns, the Capital starts running around the world like a Headless Chicken. CDS start to trip, and Margin Calls are made between Pigmen. Once enough of the asset classes are sinking and Da Fed can’t provide infinite liquidity (and I am sorry, not even Helicopter Ben will be able to push out Quadrillions off the Printing Press, it will burn out), it then becomes a battle of Pigman v Pigman, and somebody gotta lose in every trade there.
Can a Bank Run by even a small number of J6Ps make a difference? ABSOLUTELY. It’s a Catalyst for a reaction, you don’t need a lot of it in the mix if the thermodynamics of the reaction are exothermic in a given direction, and they ARE here. Once this fire starts burning, it is going to go off like Thermite on the 80th floor of the WTC. LOL. Somewhere along the line here, confidence will be LOST by the Illuminati. They are not uniform, and somebody will break ranks, trying to be the first one out the door of a Burning Theatre. Then all HELL will break loose.
J6P is already Tapped Out, there is nothing further the Illuminati can steal from him. The only ones left to steal from are each other. And they most certainly will.
Thunderdome. 100 Illuminati Pigmen Enter, only One will leave with the last Marble. Break out the Popcorn boys and girls, it will be quite a show.
RE
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23rd November 2010 at 4:10 pm
Smokey says:
Goldopussy—–You are such a shallow fool. Do you really think you can spread panic among the banksters by 50,000 Europeans yanking their money out on Dec 7th? Do you not know how bank runs occur? Do you really think the MSM will give two shits if a bunch of fools in France withdraw their money on the same day? Why are all you Frenchmen such utter dolts? Goldopussy, you are a fucking imbecile.
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23rd November 2010 at 5:50 pm
Goldorack says:
I know Smokeymonkey, i’m a fuckin imbecile.
the banksters are not scared.
that’s probably why the Belgian financial federation have issued a message in the newspapers Het Nieuwsblad and De Standaard to call people not to do so.
that’s probably why most of banks in France ask for a justification if you want more than 2,000$ of cash, when they don’t impose up to 5 days of delay.
they’re not scared.
maybe we should try to check it out? who gives a rat ass if it’s only “a gnat on an elephants ass”?
LLPOH it will lower your stocks? I’m sorry, I’ll read a prayer for you.
Smeekey, you shit in your pants for your 401k? don’t worry, they have jobs for you at Mc Donald’s
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23rd November 2010 at 6:43 pm
llpoh says:
Goldorack. I I agree with you 100 percent. But then I only read the first line of your comment.
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23rd November 2010 at 6:59 pm
llpoh says:
Read a new piece by Krugman. First time I ever agreed with him. He said the Irish government fucked up by saving the banks and should have let them drown rather than foist the cost onto the people. Even a blind pig finds an acorn once in a while.
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23rd November 2010 at 6:04 pm
Reverse Engineer says:
Every time I read one of the stories in the MSM about the Irish crisis, the Headline reads “Irish Accept $150B Bailout or something similar, except ALSO when I read down to the 3rd or 4th paragraph, I find out that they aren’t going to vote on their Budget until at earliest Dec 7th.
The folks supposedly “accepting” these Bailouts in the name of the Irish Taxpayer are folks who are shortly to be voted out of office, so HTF is this supposed to calm the markets or the Bond Vigilantes? I mean really, at this point Brian Lenihan might agree to blow JC Trashit, but unless the Irish Parliament as a whole signs off on the Budget its just an abstraction.
I see no way in HELL the Irish Parliament will sign off on a budget which puts no pain on the foreign bondholders but all the pain on the Irish pensioners. At the very least, the Irish will Go Galt and stop paying taxes. The economy will tank, and there will be no money to pay the bondholders regardless.
Take this to its logical conclusion. Say the Irish Goobermint laid off every single Goobermint Worker to save pence to send to the Bondholders. Who is left paying any taxes at all?
Even if the current Irish Goobermint signs off on the debt, they simply are not going to have enough money to pay the bondholdes no matter what. Their tax receipts will keep dropping and they won’t be able to service the new ebt or the old debt. The only thing that could keep them numerically solvent is if Helicopter Ben loans them an infinite amount more money here. I just do not see how that is possible in the current climate.
Even back in the time of Robin Hood, it was impossible to tax a population on more than they produced. The people will start to steal back until some type of balance is achieved. For the Irish, and for ourselves as we work our way into the same boat, a Black Market economy will develop, in the case of the Irish many will emigrate just as was the case in the years of the Potato Famine. Although its kinda hard to figure where they will go that is all that much better. Canada is probably a bit better right now, but its just a matter of time before their social state economics go into the toilet.
Anyhow, we apparently have to wait a while while the BK Parade marches its way around the Globe here, although this does look like its going to be a watershed week in the Bond Market. Ireland is still not out of the Newz, and I doubt it will be until they actually do vote on their budget. There will likely be a good deal more street action, and then Portugal should light up as well. Break out the Popcorn.
RE
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23rd November 2010 at 4:35 am