In Europe, Fiscal Insanity Erupts As Bankrupt Nations Scramble To Bailout Other Bankrupt Nations (HILARIOUS)

Brilliant is an understatement.  Start watching at the 30-second mark.

From satire comes wisdom.  This short clip perfectly encapsulates the madness of bailouts. Clarke & Dawe on the European debt-guarantee circle jerk.

• See another clip from Clarke & Dawe here...

Comments

[DailyBail]

Celente Supports TSA "Groper" Procedure

Proposes "Happy Ending" Policy Change

http://rense.com/general92/grope.htm

actually quite funny...

[DailyBail]

Take Action: Defeat the Scanners and Gropers

http://wewontfly.com/

[Wil Martindale]

The structure of the EU is designed to "portray" nations bailing out one another, but in reality it is their banks being bailed out, just like here. See what Thomas Jefferson has to say about "interdependence" as it applies to the EU, as well as globalism.

Back home it's even worse, because we have a president who actually doesn't comprehend the basis of Capitalism.
http://letthemfail.us/archives/6658

[DailyBail]

Fed's Duke on Foreclosure documentation issues

http://www.calculatedriskblog.com/2010/11/feds-duke-on-foreclosure-documentation.html

[DailyBail]

Housing Starts decline in October

http://www.calculatedriskblog.com/2010/11/housing-starts-decline-in-october.html

Chart...

[DailyBail]

nice story wil...

http://letthemfail.us/archives/6658

[Wil Martindale]

Good timing on this repost!

From letthemfail:
"The derivative game is rigged to blow up massively, and it is doing so before our very eyes, though the visible operations have now fully mutated into sovereign debt bailouts — bailouts by the grace of austerity, and by means of massive quantitative easing: global currency debasement and relative global inflation."

The mutually assured consequences of interest rate manipulation and quanititative easing hadn't occurred to me though before it was pointed out by Rob Kirby. The fact that 300 trillion in swaps is "unhedged" by bond purchases should have been clear.

I think there could be a trigger event to radically ACCELERATE the unwind of the 1.75 QUADRILLION global interest rate swap universe, but it has been unwinding all along I suspect, and we REALLY need an accounting of the DTCC "clearings" moreso than the FED.

What goes on behind THOSE closed doors will be the DB exclusive of the century.
http://letthemfail.us/index.php?s=DTCC&option=com_search
I keep coming back to this, but now I think it will come back to us all.

My post, "Mutually Assured Consequences", has just been edited to draw more clearly upon Rob Kirby's findings, and 2009 article, which I can't believe I missed (linked w/in the post):
http://letthemfail.us/archives/7439

[rxgary]

lock up all imf personnel for fraud . if need be use us military to round up these financial terrorists. and the political terrorists who allowed them to perpetuate this fraud on the people

[TR]

If every passenger refused to be scanned & demanded a PAT-DOWN & even demanded to be searched twice How long would it take to shut down the entire system. Things might change when it starts to cost MONEY.

OH HELL!!! I'm talking CRAZY. This would never work.

[john]

Analysis: High-frequency trade fires up commodities

http://www.reuters.com/article/2011/06/17/us-commodities-highfrequency-idUSTRE75G0MT20110617

[snip]

When natural gas prices dropped by 8 percent in a matter of seconds in the early hours of Asian trade last week, one New York-based hedge fund manager said he didn't have to think twice.

"The moment I heard, I ran, literally ran, to my computer and started buying," he said. "It was clear it was an HFT algo gone bad and I could profit on the rebound off the lows."

[testing]

testing

[TR]

The GOVT. CAN

http://www.youtube.com/watch?v=LO2eh6f5Go0

[TR]

~42:27- 47:45

http://www.youtube.com/watch?v=wGoEBnLRpss

[TR]

Silly money

http://www.youtube.com/watch?v=lWDdcD-1xoo

[DailyBail]

I've posted Silly Money in the past TR. It's brilliant. I'll post it again in the future.

[LiberatedCitizen]

As The World Turns, The Contagion Spreads: I Can Hear The Pitter-Patter Of Feet Running From European Banks

http://www.zerohedge.com/contributed/world-turns-contagion-spreads-i-can-hear-pitter-patter-feet-running-european-banks-are-y

[LiberatedCitizen]

Morgan Stanley Discloses $8.5 Billion In Europe Exposure, 8 Trading Day Losses, Lists Impacts Of US Downgrade On Market And Its Business

http://www.zerohedge.com/news/morgan-stanley-discloses-85-billion-europe-exposure-8-trading-day-losses-lists-impacts-us-downg

[LiberatedCitizen]

Off topic but really interesting

Explosive Jackie O tapes 'reveal how she believed Lyndon B Johnson killed JFK

Read more: http://www.dailymail.co.uk/news/article-2023418/Jackie-O-tapes-reveal-JFKs-affairs-believed-death.html#ixzz1URWPKhIQ

LBJ Killed JFK
After 44 years the sad truth is revealed..

http://viewzone2.com/lbj/indexx.html

[ugly amerikan]

funnier yet giving multi BILLIONS a year in cash and weapons to a country that has spied and probably still spying on us and has surplus cash

[Michael Haltman]

Funny video. Very funny and very sad as well. I linked to The Daily Bail at The Political Commentator here: http://bit.ly/x2aLV5

[DailyBail]

Thanks Michael.