Rumors were reported by a fucking German newspaper, regarding Greece leaving the EU. As a result, the drama at the exchange is in full force, with traders sashaying in and out of positions. Grandpa Fly used to say “there is truth in rumors. Fuck those firemen.”
The dollar is going apeshit to the upside and the party is all but ruined.
Thanks a lot you fucking German scum.
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firemen?
Firemen stole grandpa Fly’s stamp collection, he’s sour on firemen.
Yeah, needless to say, he was NOT a fan of the firemen.
After Grandpa Fly’s brothers burned down their shop for the insurance money, those firemen swooped in and stole his stamp collection.
“Fucking Firemen” he’d exclaim, whenever given the chance.
This news broke 90 mins ago…where you been…eatin samiches?
Remember that I am gutting my house?
Yeah, sort of caught me with pants down.
I just realized, don’t you always take big losses when you have bathroom problems?
Is this project almost over?
Have someone like grandpa fly’s brothers burn the house down. It’s easier and more lucrative.
Oh, WNR will still eat your bear livers
Too bad about the dollar, bitches
The dollar delivering 500 bitch slaps per secound to the faces of all other currencies, restoring her pride
No one likes a rat.
Germans accidentally destroy the euro..
AKWARD
I am Funny Bot
FLY
What have the Germans got to do with it? They’re owed the money by the southern scumbags that borrowed it, had a massive party for 10 years and now threatening to leave.
Greek bonds are trading at 56 cents to the dollar. I guess the scumbag “Grecians”, as GW used call them, are thinking… umm let me figure this right. Our bonds are trading at 1/2 and those idiots that lent us the money want us to pay back 100. Ain’t going to happen.
Trouble is the Euro banking system will be fucked for all time then as they’;re carry all this shit at full value in their balance sheets.
Hey, don’t paint all the Krauts with the same brush … Dirk Nowitzki is the Laker Killer and held in high esteem in these parts.
he’s Polish
German!
Nowitzki and Nowizki are Germanized forms of the Polish surname Nowicki.
Pronounced NOE-VITS-KEY
there is Lithuanian surname Navickis
Question for anyone here.
If the scumbags Grecians leave and that means the spotlight is then put on the rest of the PIIGS… What happens to precious metals.. say if the greeks decide to default and all.
The ECB prints money?
That would then put upward pressure on precious metal no? Or would the market think it was going to be a deflationary vortex? I can’t work it out.
Get in the Fice!…No wait…Get in the Vunnel!!.
Shit. I can’t work it out either.
Hey J,
The Greeks eat and spit out pieces of shit like you for breakfast. Don’t ever, EVER, underestimate a Greek.
urgh?
i thought greek meant having it in the butt. like what what, in the butt.
Go Greek!
http://youtu.be/fbGkxcY7YFU
J, watch your mouth you fucking faggot
If not for the Greeks you would be speaking Arab
You can’t trust those fuckers for a second.
back in 97 this hedge fund prick who is now in jail on thieving charges came to us on a Friday and wanted to buy a dumpster full of Deustche mark against the Drachma. One of the few times we had ever traded in that shit of a currency.
Anyways we bought 3 billion DM for the prick and then over the weekend they fuckers devalued after the rats promised for months the exchange rate was as hard as a rock.
they can’t be trusted with anything they say, so if they’re saying they’re not thinking of leaving the Euro, it means they are going by their past history of lies and generalized dishonesty.
If they do leave the euro it would be their best move yet
The Greeks are too smart to let anyone or any banker control and use them
They’re smart as any crook.
What’s smart is making something.
Yeah, their last 1,000 years of history clearly paint that picture of competence and sound market prowess…
It’s been a long time coming since the Greek city states, man.
1000 years? The Roman empire only fell in the 1400’s, were the lingua franca was Greek.
The Greeks have been through more as a nation in the last 100 years than most would go through if they could even last 1000 yrs, man.
Who gives a fucking shit about the Greeks 1000 or so years ago. Fuck their history. They now owe 300 billion which they borrowed by being liars and cheats and look like they want to walk away from their debt.
Their fucking history means shit.
‘Scuze me, but what about the crooks who hid the the Greek debt and kept feeding them the money?
Fuck off idiot.
No, you fuck off.
The banks that lent them the money weren’t liars or cheats.
Would you lend someone money knowing they weren’t going to pay you back? The banks were stupid for lending these crooks the money, but unlike the greeks they weren’t dishonest about as there’s no motiviation be be so.
Fucking moron.
Try and understand shit before you post regurgitated crap you’ve picked up at zerohero.
The banks knew they shouldn’t of been lending the money. Just like American banks knew. They wanted to collect interest and they did not think it would get so bad.
Ain’t you from Australia were there is a size able Greek population?
Why don’t you say anything about them?
“The banks knew they shouldn’t of been lending the money. Just like American banks knew. ”
Of course they knew. Like everyone in the world knew the US real estate market was going to crack in 12 months.
It’s a fucking new world where lenders are now considered crooks equal to the scumbags that borrowed the money.
But as I said, you of course would lend someone money knowing they weren’t going to pay it back.
“They wanted to collect interest and they did not think it would get so bad.”
That’s a crime now is it? A bank buys a bond on the expectation it will receive a coupon and you think it’s a crime.
“Ain’t you from Australia were there is a size able Greek population?”
Tell them what, that the Greek government are crooks? Don’t they know, you think?
“Why don’t you say anything about them?”
Why would ?i They not living in that shit hole voting in crooks to form governments.
Fucking moron.
J suck it. The Greeks are the only country in the EU that’s not going to put up with shit. Everyone in the EU would still be speaking German if it wasn’t for the Greeks.
To Pedro & Captain, I won’t ask if you’re a “giver” or a “taker.” In a word: Parasite! Team walk the walk – Go J.
Many did lend money thinking it was possible they would not get paid back.
People still do.
Especially if you are going to sell the debt.
(sell the debt structure that was created by the capital lent.)
If you have a buyer lined up…then you don’t care if anyone gets paid back.
You made money from the deal. Taking a piece out..and have no liability.
Yea but the brokers, or the brokers are the lenders. They are the arrangers of the debt. Big difference.
The lenders relied on the rating agencies . They were of course stupid to buy those bonds, but they aren’t crooks like captain doofus suggests.
Pedro
Yep, great deal for everyone else. The Greeks rolled into the Euro with a budget that was a pack of made up bullshit. Normal civilized countries don’t behave like that. Perhaps I’m old fashioned but regular nations don’t bullshit. They did. They lied because they wanted to access Germany’s credit rating borrow swags so they could retire their public sector workers at 50 and have everyone pay for them.
Now they walk away from the debt.
I hope they’re never allowed to borrow another dime again and the entire shithole put up for auction as they don’t deserve to live pretending they are civilized. They deserve to lose their country for that…. all the islands etc ought to be sold on them.
J,
“Normal civilized countries don’t behave like that. Perhaps I’m old fashioned but regular nations don’t bullshit. ”
You moron. Such a moron. The U.S. is headed down the exact same path. This is not a Greece-only problem. The process has just been expedited for them because they’re much smaller.
Pedro.
The US debt ratio is 80% of GDP.
The grecians is around 150% of GDP.
80% is not 150% you innumerate moron.
And the American government does not appear to be defaulting on its debts unlike the grecians.. “with thousands of years of history” Lol
You know wha,t take that history and shove it up your twat. Jut get them to pay the money they owe instead of trying to fuck people up the rear.
Check your numbers again. US Debt to GDP is like 100% and that’s not even accounting for the funding sinkholes that are Social Security and Medicare entitlement programs. Greece’s government is hardly perfect, but the U.S. is NO ONE to throw stones. Like I said before, they have nowhere near the latitude to continue on with unaccounted, unfunded obligations the way the U.S. does. Take your idiocy to another, less distinguished blog site. Don’t talk about them f’ing people in the rear whilst the U.S. has the printing presses running at full blast.
too smart?!?! what kind of fucking moronic comment is that !??!?
they should have left a long time ago like maybe even last year? then i would have said smart .. in the meantime the come out with bullshit GDP numbers take the no bail out required bail out and now they’re making a smart move?! honestly WTF !!!
like a hooker whos already got AIDS .. I’m getting out of the business before it gets worse …
only took those fuckers a year to realize the only way they are going to survive is to tell the rest of Eurozone to fuck off … kind of like Iceland telling the bankers to hit the bricks
further, they fucked with their numbers to get into the Euro in the first place … only smarto ones were the banksters who got them in and then took their fees and bought a gulfstream for Christmas
Without the specific insults against the Greek culture, I know they’ve been bitching for some time now that the Euro is the equivalent to slavery, or something to that effect. I do not trust them to fullfil their obligations; they will slip a knife in Europe’s back the first chance they get.
As for precious metals though, it gets tricky there. Most metals are traded in dollars, and the Euro getting crushed definitely strengthens that little metal.
But then, Europeans will probably start rushing to buy the metals as a hedge for their own exchanges, so couldn’t there be a spread between U.S. and European markets?
Maybe that spread is used to drag PM’s higher even as the dollar rallies and U.S. markets sink?
currency* not metal
Yea..
The real question is what the ECB does. Do the print or not. If they don’t print then everything is going down because it doesn’t just become a greek problem it becomes a eurowide issue/global, because you then have to look at the other fuckers (PIIGS) and that totals 800 billion. That’s a fucking problem. If not 800 billion and they haircut the bonds it will be 4 to 500 billion.
I would guess the ECB would have to print otherwise that shock brings everyone undone.
I don’t know; Greece’s debt load is fairly small in comparison, so maybe the banks just take the hit. The last time I heard them talking about this, they worried about a contango tearing through the system. But looking where we are now, that already happened anyway. No one was dumb enough to suggest, “oh well it sure looks like saving Greece has saved all the other countries that were in debt up to their chinstraps, let’s buy some fucking European debt.”
(As an aside, it amazes me how obsessed political groups are with portraying a sense of confidence, when most people don’t believe a word they say anyway. Maybe one time the leaders of countries should just be like, “yeah, we’re pretty fucked,” and see what happens?)
Maybe they just let Greece leave and then attempt to shore up the remaining countries? I unwound myself a while ago so I guess I don’t care that much, unless Europe falling causes U.S. markets to absolutely crash.
http://maxkeiser.com/2011/05/06/breaking-greece-threatens-to-leave-eurozone-reintroduce-own-currency/
(laughter) fuck Keiser. Why does he think the Greek’s might want their own currency? So they can sit on it and preserve its value?
If Greece makes a switch, it’s so they can dilute. If they wanted a strong currency and to pay fair value for their dues, they could just stay in the Euro.
“The Greeks need to step up the pressure on the EU/IMF/Goldman Sachs. Follow up on what Iceland did and pummel the banksters as hard as you can. Buy as much silver as you can to protect yourself from the financial terrorists.”
How’d that work out for Iceland? I hear it’s pretty difficult to buy much of anything over there nowadays.
If Greece does this, they will be shit-canned, isolated, and left to rot on their own. I’d be willing to bet right now they don’t go through with it, save I don’t trust people to do the smart thing when they’re pissed off.
I guarantee you a Greek note would not be tied to gold.
exactly
Yeah, you tell “em Cap”n. If not for the Greeks you wouldn’t have hot doggie-style man on boy action.
Yeah because sexual practices are so much more civilized these days, right?
not fucking young boys at the age of six or seven. Pricks go to jail for that shit in civilized places.
Yes, they invented everything, including that.
Love how the Greeks, even though shells of their former selves, have the power to bring the rest of the world’s economy to its knees.
Power seems like a strong word. Similar things were happening at the end of WWI. I’m reading a book on it right now; Lords of Finance. Great piece, so far.
To your point though:
(1) If the Greeks defaulting have power, what does that say about the U.S., Japan, France, Spain, Portugal, Italy, Ireland, etc? Would you still like to compare “power?”
Because if you do, we can just start nuking each other now and set off the end game.
(2) Borrowing money is a two way street, so the idea that the Greek’s have been wronged here is absurd. The argument that somehow lending nations have benefited from getting robbed has always eluded me. Who cares that some employees had jobs they wouldn’t have held otherwise? They could have just pissed the money away on giving those unemployed little, non-valuable tasks to complete themselves, if they were interested in losing money and making life worse for their own people.
Mercantilism is built upon a rock of integrity. Yet, despite that, their are far too many people in this world cracking their foundation with a fucking sledge hammer. I hope I am not around when they succeed in convincing everyone they are completely untrustworthy, for life is going to suck for many, many people the day they pull it off. The thieves and the victims will both prove quite a drag.
we need grecian formula for some slick moves
I sense that my time has arrived once again. DO THE HUGH HENDRY!!!
Hugh is so over rated….DO THE Nymph instead….ahh, that doesn’t sound right..lol.
Bullish…US Dollar 74.89…USA, USA…lol.
dollar nymph
Yep Razor…We like a stronger dollar.
OPAA. saganacki for everyone
whos gonna clean up all those broken plates?
Actung! Das stupendium economico ver bigen titsen.
German BS down, 187 nations to go
hey if grease leaves the euro zone where will they go?
They will be doing something a lot of other countries should be doing: Hitting the reset button and starting with a clean slate.
Like Iceland; which is far better off. It seems unfair for an entire nation to suffer for the rediculous high-risk bets made by a few elite bank shareholders. Too big to fail is a rediculous notion!
Btw, Norway for example is not in the EU, retains their own currency, and they are doing fine. They trade with the EU countries, their people travel in the EU countries and they generally have all the benefits of EU membership, but without all the needless downside. Youtube Nigel Farage and he’ll describe the whole situation for you in a few videos.
And they own a shitload of Brent oil now don’t they? Kind of like Canuckistan lite.
They do. Only unlike Canuckistan which squanders almost every penny on to further this trend; http://www.youtube.com/watch?v=PSROlfR7WTo
Norway invests it in a gigantic sovereign wealth fund, the interest of which funds all kinds of cool stuff for the Viking people.
http://www.cbsnews.com/8301-504083_162-20060457-504083.html sony in trouble
If Germany attacks Turkey from the rear, would Greece help?
lol
Never trust the Turks.
$WNR up with crack spreads !! It’s not over yet !! Record crack spreads would get big press sending refiners through the roof !!! In the words of one of the greatest football coaches to ever bless this earth “Those who stay will be champions !! “
Hail!
Let’s get this straight. If it wasn’t for the good old USA you would all be speaking German, French, Spanish, Italian, Japanese, Russian or Chinese, chanting in Latin or compliant with Sharia law…
Gosh, no need to insult people on the basis of their nationalities. There seem to be very few countries that are financially sound any more, so people who live in glass houses…
Have a good weekend, everyone. Who knows what the next week will bring for this crazed market. Such choppy trading, amazing. FIG as U say here.
Indeud, I’m getting drunk now. What a week!
The broader picture:
http://www.youtube.com/watch?v=PSROlfR7WTo
this is why America is doomed to fail…
Worst set of Flyblog comments ever.
Thank you, go2mars, for reminding the feces flingers that private sector banks in Nation X are not equal to Nation X and not equal to the citizens of Nation X.