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Originally posted by marg6043
reply to post by Vitchilo
So Merkel is accomplishing what Hitler could only dream off, conquering and enslaving the nations in the EU with debt to be ruled by now to become Nazi Germany but with Merkel as the supreme leader.
What a joke.
But nothing will surprise me anymore as people here in the US is no so blind and dumb about the corruption in politics and Wall Street and we just complain about the injustice in the net, while still been comfortable in our homes.
We are now a joke.
Originally posted by Vitchilo
reply to post by surrealist
Obama, Sarkozy and Merkel would have been kicked out a long time ago, by vote of confidence or impeachment if the parliaments/congress weren't full of corrupt trash.
At least Sarkozy will get kicked out in April, but he will likely be replaced by the socialists, which is even worse, there's a small chance that the FN will get elected, which would get France out of the euro... Even if Merkel gets kicked out, nothing will change, most politicians in Berlin are like Merkel, totally corrupt who don't know up from down... And in the US, nothing will change unless Ron Paul is elected.
Funny how the only glimmer of hope in Europe is from an extreme right party in France... and in the US, there's almost no way Ron Paul wins... the elite just won't allow it.
So I think this whole economic NWO BS isn't even close to ending... even if it all crashes.
At this point, voting will not change anything, we're too far gone.
Originally posted by surrealist
Spanish Conservatives Win General Elections - the third time in as many weeks Europe's debt crisis has claimed a government
Spain's opposition conservatives swept commandingly into power and into the hot seat Sunday as voters enduring a 21.5 percent jobless rate and stagnant economy dumped the Socialists —the third time in as many weeks Europe's debt crisis has claimed a government.
Awaiting words from victorious party leader and future prime minister Mariano Rajoy, thousands of jubilant, cheering supporters waving red-and-yellow Spanish flags and blue-and-white party ones gathered outside Popular Party headquarters in downtown Madrid as pop music boomed over loudspeakers.
With 90 percent of the votes from the election counted, the center-right Popular Party won 186 seats compared to 154 in the last legislature, while the Socialists plummeted from 169 to 110, their worst performance ever.
The difference here though is that at least it was accomplished through democratic process and S(pain) still have a democratically elected government. But it is all just rearranging the chairs on the deck of a sinking ship. Seriously do Spaniards really think a conservative government are going to be any more lenient in the current debt crisis?
Hackers with access to the utility's network are thought to have broken the pump by turning it on and off quickly.
Originally posted by SpaceMonkeys
UK Severs Ties With Iranian Banks
I think the west are going to poke Iran until they retaliate.
“As we start off this holiday-shortened week, it appears that the supercommittee has completely failed to reach an agreement other than to admit to failure early, so that they can make it home for the holidays,” Marc Pado, U.S. market strategist at Cantor Fitzgerald, noted in emailed commentary.
New York could lose USD 5bln in US funds if no super committee deal
Socgen says expects Gold to be challenging USD 2,200 by the end of 2012, compared with the USD 1,750 - 1,800- range prevailing in early November 2011
Fed's Lockhart says should have a very high bar for further QE, would need to see inflation falling and a deflationary condition
Greek PM says Greece staying in Eurozone is the only option
Greek PM Papademos says the main task of the Greek unity government include finalisation of the debt deal with private bondholders and reforms
French T-Bill Auction Results
- French 12-week T-Bill auction for EUR 4.503bln, bid/cover 1.84 vs. Prev. 1.88 (yield 0.485% vs. Prev. 0.448%)
- French 25-week T-Bill auction for EUR 1.001bln, bid/cover 4.11 vs. Prev. 3.81 (yield 0.742% vs. Prev. 0.707%)
- French 47-week T-Bill auction for EUR 1.501bln, bid/cover 2.70 vs. Prev. 3.81 (yield 0.970% vs. Prev. 0.834%)
US Chicago Fed Nat Activity Index (Oct) M/M -0.13 vs. Exp. 0.19 (Prev. -0.22, Rev. to -0.20)
Germany's BDB says some German local governments already having trouble financing themselves
ECB's Stark says the ECB sees current soft patch as temporary, should avoid talk of a recession
Baltic Dry Index falls 1.1% to 1,874 points
According to EU, Greece would need sixth tranche of aid in December
EU's Juncker says sees decision on EFSF boost by November 29, adding that treaty changes is not a matter of urgency
Irish Property Prices (Oct) M/M -2.2% vs. Prev. -1.5%
Irish Property Prices (Oct) Y/Y -15.1% vs. Prev. -14.3%
Bundesbank slashes 2012 German growth forecast to 0.5%-1% from 1.8%
EU commission says have received official request from Hungary for possible financial assistance
December is the first month with very significant maturities as more than $52bn comes due, with $14.9bn next week alone.
The banks face at least two major problems from this debt maturing: 1) It is sizable and primary markets seem unlikely to be able or willing to soak up such large issuance without significant concessions, and 2) The extremely low cost of funds for this debt means that rolling into market rates will drastically impact earnings (as interest expenses jump - should fundamentals matter again). BAC faces $3.6bn maturing, MS $3.75bn, and JPM $7.55bn next week alone.
Starr International Co. accused the U.S. government in a lawsuit of using the bailout of American International Group Inc. (AIG) to give funds to AIG’s trading partners in violation of the Constitution.
Starr, which was a major AIG shareholder and is headed by the insurer’s founder, Hank Greenberg, claims the government “destroyed the value of common stock” and took AIG’s property without due process, according to a suit filed today in the U.S. Court of Federal Claims in Washington. Starr seeks $25 billion in damages.
We're done folks.
CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe.
That's the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.
The authorities both in the regulatory side and on the prosecutorial side have refused to put a stop to the thievery and now the risk factors have turned into realized risk.
The market is done folks. You can be right but if you make your bet in the markets, are right, and then get screwed anyway when someone steals the money and nobody goes to jail there comes a time when people begin to understand that it can happen to them and will unless they depart the market.
We're there folks.
Oh sure, there will be rallies and there will be selloffs. But there is no longer a market, there is no longer a thing to trade, and there is no longer a reason to believe that superior analysis will lead to profit or even safety.
This isn't just about speculators - it is also about farmers, shippers, airlines, manufacturing concerns, everyone in business who has a need to hedge.