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| Christine LaGarde, The Troika, And Greece in forum [Market-Ticker]
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Anti
Posts: 4301
Incept: 2007-10-09
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I remember when Europe was going to handle its problems without the IMF, as a matter of pride. Now US taxpayers get stiffed as well.
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Rule10
Posts: 2456
Incept: 2008-09-30
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Keep it up. If I was in your position, I would keep hammering "them" with the truth. Can I move to Florida and help you?
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You are not what you say you are, You are what you do.
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Poer
Posts: 1389
Incept: 2008-09-28
'Eppur si muove!'
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The World bank is a drug dealer of sorts- you can't let em' in your neighborhood- but more deadly still to a Nation
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"The degree to which a man substitutes the judgment of others for his own, failing to look at reality directly, is the degree to which his mental processes are alienated from reality." Nathaniel Branden in Ayn Rands 'Capitalism The Unknown Ideal'
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Abn0rmal
Posts: 9261
Incept: 2009-01-10
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On the other side of all this unpayable debt is someone who is counting on that revenue and when it's all said and done it's mostly the old who are going to lose in the form of their savings and the political promises they are counting on.
Young people can and will adapt - they still have time to learn new job skills, retrain and work manual labor if that's what it takes to survive.
Far too many old people will be able to do nothing more than complain ineffectually from their Walmart courtesy scooters.
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Rule10
Posts: 2456
Incept: 2008-09-30
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You know, I am so sick of TBTB not looking at the numbers. Lying directly in your face. The majority simply cutting their grass and planning birthday parties. Saying they can't do anything about it so why bother.
The thing is, they are right. It is going to be a slow bleed here in the ****ed up America of Non states. The upper middle class is already trying to feed their lifestyle by trying to raise local taxes.
And they are succeeding in too many areas. Mine included.
How can people be so stupid to vote for something the don't use that they have to pay for?
Is the average taxpayer that stupid?
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You are not what you say you are, You are what you do.
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Crzymorse
Posts: 1195
Incept: 2010-06-25
Maryland
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Anti,
Its just monopoly money at this point. Face**** just lost 0.1% of GDP in marketcap in two days.
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Morla
Posts: 817
Incept: 2009-11-09
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Well Greece is drowning in old debt, the only way to spare them that fate is to fill up their lungs with NEW debt! Competitive inhibition! Problem solved! Not sure if this is satire or not, this is really what they believe..
(edit)I suppose it makes sense from their perspective, this is nothing but a more protracted version of what we're doing here in the U.S. , the long game of finding a way to make EVERYONE to pay for the frauds and crimes of maybe a couple thousand well connected, well represented suits.
Step 1: Privatize the gains
(Optional) Step 1.5: Legalize accounting fraud.
Step 2: Wait.
Step 3: If you completed step 1.5, skip ahead to step 42. If not, announce a plan to make a plan.
Step 4: Turns out the plan was to announce an even better plan.
... <---- Europe, You Are Here
Step 41: If your populace is confused and their considerable anger is now directionless and manipulable, proceed to step 42. Otherwise, repeat steps 3-41.
Step 42: Socialize the losses. (edit2)If you completed step 1.5 this may be done via sheer force of legal fraud and debasement. If you did not complete optional step 1.5 find an "orderly" way to place your boot on the necks of your people, and seize whatever capital they have. You'll be needing that later.
(Optional)Step 42.5: Equip your neck-boot technicians with protective cups so they can hold their boot on a man's neck and pick that man's pocket at the same time without being neutralized in an embarrassing way. This will save more than you think in labor costs.
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Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing?
Reason: To finish the post :-p
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Noodleman
Posts: 2393
Incept: 2008-11-01
Online
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One day I watched the Greeks riot on internet TV for about an hour. They were throwing Molotav Cocktails at the cops. They were charging the cops and beating their shields with metal clubs and sticks. I was mesmerized. If the Occupy people ever tried that **** here there would be blood flowing in the gutters. But those Greeks are an easily excitable population of people. What was Lagarde thinking when she shot her mouth off? She's poking at a hornet's nest with a sharp stick. Nigel Farage or somebody with a little horse sense had better pull her aside and tell her to zip it. Her job is to bring people together - not to instigate rebellions. I hope she convinces the Greeks to answer with the one-finger salute and finally get this show on the road.
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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935
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Morla
Posts: 817
Incept: 2009-11-09
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As an American (by now you all know what that means when we say it) I thank the Queen if only because her reign produced men like Nigel Farage and Vincent Brown. Youtube the former man yourselves, but here's Vincent obliterating a technocrat: http://www.youtube.com/watch?v=DkdG3XFsl....
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Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing?
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Yaldor
Posts: 2687
Incept: 2008-05-17
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Hippocrates in 18 words or less: Quote:She added: "I think more of the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one chair for three of them, and who are very keen to get an education. I have them in my mind all the time.
"Because I think they need even more help than the people in Athens." How can we prove that it is IMF who is hurting Niger kids more than the greek ? To the Greek I say: Beware of French bearing gifts
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For every crash the probability of someone showing that he predicted it is near 1 .
For every prediction of an imminent crash the probability of it being correct is almost zero
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Yaldor
Posts: 2687
Incept: 2008-05-17
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For every crash the probability of someone showing that he predicted it is near 1 .
For every prediction of an imminent crash the probability of it being correct is almost zero
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Yaldor
Posts: 2687
Incept: 2008-05-17
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For every crash the probability of someone showing that he predicted it is near 1 .
For every prediction of an imminent crash the probability of it being correct is almost zero
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Mo
Posts: 12158
Incept: 2007-06-26
Pa.
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This is a beautiful illustration of the progress made by Europe since the late 18th century: Instead of a Marie Antoinette for all of France, we now have one for all of Europe.
Hey Christine, are you dreaming yet of the Fishwomen?
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Welcome to Pottersville
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Floridasandy
Posts: 634
Incept: 2009-08-20
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yaldor, interesting:
Posted by: popsy on May 26, 2012 10:41 AMChristine Lagard Asked by The Guardian if she was concerned about Greeks who are suffering from life-changing austerity measures, Ms Lagarde said: "No, I think more of the little kids from a school in a little village in Niger
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And there we have it from the horses mouth the IMF couldn't give a toss about Europe. (end)
that sums it up in a nutshell, but i don't suppose the greeks will do anymore about it than they have done previously-although they COULD pull their money out of the greek banks as a FU to the globalists.
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Rvacha
Posts: 8300
Incept: 2008-10-03
Cleveland
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An astounding thing for Legarde to say IMHO. In fact there's lots of political maneuvering going on. France, Italy, Portugal, and Spain gang up on Germany and push for Eurobonds, Merkel says FU, there will be none. Now we have what looks like the IMF siding with Germany. The German people are 60% for ejecting Greece from the EU, Merkel's CDU is getting punished at the polls, and she may not have support for her own fiscal treaty. Even the ECB is making some indirect noises about the quality of its balance sheet and taking steps to clean it up. It is clear to see how it could get screwed on its ELA program as well. TARGET 2 is a total mess. It appears that the ECB is not stepping into the secondary market and buying PIIGS bonds these days. The incoming co-chief executive officer of Deutsche Bank yesterday described Greece as a "corrupt" and "failed" state (as in past tense). He also said Grexit was "priced in" - LOL! The FT reports Quote:Italy's Mario Monti, France's Francois Hollande, Germany's Angela Merkel and Spain's Mariano Rajoy are to hold a four-way summit in Rome after June 17 - the date of the Greek elections. http://www.telegraph.co.uk/finance/debt-....The question is: Is the tide really turning, or is this a concerted effort to scare the **** out of Greek voters leading up to the June 17th election?
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"I suggest you panic." - Hugh Hendry
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Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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Hey, she said they could keep a chair. Imagine what her digs look like.
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Jstanley01
Posts: 8182
Incept: 2008-07-30
San Antonio, Texas
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What it gets down to is that no one is willing to quit believing in "the Great Goddess Diana" of the modern age whom "all the world worshipeth." That would be the Skittle ****ting Unicorn, of course.
Not the politicos, not the electorate, not the business and finance world, not the central bankers, not the academic economists, not the opinion makers -- NO ONE. Every individual is determined to "taste the rainbow," even if it means torching his or her own house in the middle of the night with everyone else sleeping inside.
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You can't cheat an honest man. ~P.T. Barnum
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Debtpie
Posts: 534
Incept: 2009-12-17
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Holy Cow! What happened to lying being ok if the situation is serious enough?
Ms Lagarde must not have gotten the memo...
The people of Greece not only lived beyond their means, they lived beyond their creditors means...time for a reality check for all.
I think Ms Lagarde just pushed her portion of the reset button.
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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Yaldor
Posts: 2687
Incept: 2008-05-17
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Leonidas monument A monument to Leonidas was erected at Thermopylae by king Paul of Greece in 1955. It features a bronze statue of Leonidas. A sign, under the statue, reads simply: "ΜΟΛΩΝ ΛΑΒΕ" ("Come and get them!") which the Spartans said when the Persians asked them to put down their weapons at the start of the Battle of Thermopylae. ABOUT Molôn Labé! Yes, the time has finally come! Molôn Labé! (mo-LAWN lah-BAY) is now available! Begun in 1997,the story was so sweeping and the details so numerous that writing it took Boston six years. The story: After a decade of retaking their stolen freedoms, the people of Wyoming (many of them newcomers) are forced to finally confront their jealous masters in the U.S. Government. Can a lone, courageous state successfully resist federal tyranny, or has the Bill of Rights been reduced to a myth? Can an allegedly free people act free, or is our liberty just a 4th of July farce? These issues weigh heavily on the shoulders of Governor James Wayne Preston, a decorated Desert Storm Marine helo pilot. Elected in 2014 on the Laissez-Faire Party ticket, he enjoys nearly full support of the legislature to return Wyoming to a long-lost era of liberty. But how far can he and the people of his state go before Washington, D.C. feels compelled to act? Will Wyoming's free and independent course reach actual secession? Will President Melvin Connor suppress the maverick Western state with federal troops? Will anybody come to Wyoming's aid? Molôn Labé! captures the probable headlines of 2005-2020. As our Potomac masters increasingly try to run our lives and wipe out state prerogatives, organized resistance in some form is assured. Boston believes that while it is too late to "take back" America, the time is ripe to converge on an already comparatively free state and forge the Jeffersonian ideal of local autonomy and liberty. Molôn Labé! is a fictional account of a real-world blueprint for a free state initiative focused on Wyoming. If just 4,000 freedom-loving individuals will relocate there under a useful pattern, they can "liberate" the Cowboy State on many levels. In Wyoming we could truly enjoy our rights of gun ownership, privacy, schooling, health and diet, unrestricted travel, and property. Boston shows us how it actually can be done! Very soon he will debut his organization to spearhead the initiative (details to follow on our redesigned website). Retail price of Molôn Labé! is $24 + $6 s&h. Pent-up demand for Molôn Labé! is tremendous, and Boston's readers have been clamoring for it since 2000. Prepare yourself for the most exciting read since Unintended Consequences and Patriots! Order today to be "first on your block" to enjoy Molôn Labé! See you in Wyoming! http://www.javelinpress.com/molon_labe.h....
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For every crash the probability of someone showing that he predicted it is near 1 .
For every prediction of an imminent crash the probability of it being correct is almost zero
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Johnny
Posts: 1587
Incept: 2008-10-01
Kentucky
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So, barely literate Nigerians are the next mark?
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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....looks like Germany might take a fall back position and try to keep the Euro alive by banding with northern Europe...and then let the southern countries fend for themselves...
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...burp
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Jal
Posts: 513
Incept: 2009-03-25
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Quote:Abn0rmal
"On the other side of all this unpayable debt is someone who is counting on that revenue and when it's all said and done it's mostly the old who are going to lose in the form of their savings and the political promises they are counting on." it's mostly the old who are going to lose have lost. The lost has already happened. All that the bailout is doing is replacing the revenue streams that those bad investments should have been providing. The last thing that you want is to have all those grey swans going after you. |
Jonesapple10
Posts: 379
Incept: 2010-11-09
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Quote:They should start by placing all the bonds they issued and which LaGarde's IMF, along with the other banksters, lent upon into the paper shredder and send the bits to the ECB and LaGarde via FedEx. HELL YES! One day people collectively will realize that we don't need the banksters approval, fraud, corruption, funny money, or help. |
Flappingeagle
Posts: 1229
Incept: 2011-04-14
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Quote:She also reiterated that the IMF had no intention of softening the terms of Greece's austerity package. By their words you shall [s]know[/s] hang them. Quote:The last thing that you want is to have all those grey swans going after you. I was going to say that voting in large numbers is all they elderly have to turn to but, then I realized that if they lose everything then they may lose it. Instead of setting themselves on fire to make a point, the more American approach would be to bust a cap in a politician/enforcer and then get free room, board, and medical care in prison. Two problems solved at once. Flap
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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
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