Vollständige Version anzeigen : Now this has to be scary.....not always

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10.12.2011, 11:04
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Bank Of Countrywide Lynch On The Top Ten Macro Themes For 2012 (http://www.zerohedge.com/news/bank-countrywide-lynch-top-ten-macro-themes-2012)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/09/2011 - 17:15

As we head into the artificial investing horizon of year-end, sell-side research is compelled to offer its best-guess at what will be key for the year ahead. We certainly head into 2012 with considerable potential downside risks - US recession?, breakup of the Euro?, hard-landing in China? - and BofA Merrill Lynch's RIC Report bears these in mind as it suggests investors position for these ten key macro themes (some positive, some negative) from slower global growth to a weakening US consumer and QE in US and Europe. Starting from a neutral equities, long gold, long US corporate bonds, they favor growth, quality, and yield in one of the more complete summaries of expectations we have read.

Comments: 13 (http://www.zerohedge.com/news/bank-countrywide-lynch-top-ten-macro-themes-2012#comments)
Reads: 4,119

Fri, 12/09/2011 - 17:54 | 1964700 (http://www.zerohedge.com/news/bank-countrywide-lynch-top-ten-macro-themes-2012#comment-1964700) new There is No Spoon (http://www.zerohedge.com/users/there-no-spoon)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/there-no-spoon)
10-year Treasury yields will fall to 1.6% by early 2Q (before the Fed launches QE3), before rising to 2.4% by year-end.

Calling for qe3 around April? Recommending growth over value, at the same time overweight consumer staples, underweight small caps? These guys can engage in market (and Fed) timing because they'll just revise their "outlook" when they're wrong. This piece is all over the place.

10.12.2011, 11:09
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Gold "Rehypothecation" Unwind Begins: HSBC Sues MF Global Over Disputed Ownership Of Physical Gold (http://www.zerohedge.com/news/gold-rehypotecation-unwind-begins-hsbc-sues-mf-global-over-disputed-ownership-physical-gold)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/09/2011 - 15:05 That paper gold, in the form of electronic ones and zeros, typically used by various gold ETFs, or anything really that is a stock certificate owned by the ubiquitous Cede & Co (read about the DTCC here (http://zerohedge.blogspot.com/2009/06/biggest-financial-company-you-have.html)), is in a worst case scenario immediately null and void as it is, as noted, nothing but ones and zeros on some hard disk that can be formatted with a keystroke, has long been known, and has been the reason why the so called gold bugs have always advocated keeping ultimate wealth safeguards away from any form of counterparty risk. Which in our day and age of infinite monetary interconnections, means virtually every financial entity. After all, just ask Gerald Celente what happened to his so-called gold held at MF Global, or as it is better known now: "General Unsecured Claim", which may or may not receive a pennies on the dollar equitable treatment post liquidation. What, however, was less known is that physical gold in the hands of the very same insolvent financial syndicate of daisy-chained underfunded organizations, where the premature (or overdue) end of one now means the end of all, is also just as unsafe, if not more. Which is why we read with great distress a just broken story by Bloomberg (http://www.bloomberg.com/news/2011-12-09/hsbc-sues-mf-global-brokerage-over-stored-gold-silver-bars-1-.html)according to which HSBC, that other great gold "depository" after JP Morgan (and the custodian of none other than GLD (http://www.zerohedge.com/news/some-observations-bob-pisanis-visit-glds-vault)) is suing MG Global "to establish whether he or another person is the rightful owner of gold worth about $850,000 and silver bars underlying contracts between the brokerage and a client." The notional amount is irrelevant: it could have been $0.01 or $1 trillion: what is very much relevant however, is whether or not MF Global was rehypothecating (there is that word again), or lending, or repoing, or whatever you want to call it, that one physical asset that it should not have been transferring ownership rights to under any circumstances. Essentially, this is at the heart of the whole commingling situation: was MF Global using rehypothecated client gold to satisfy liabilities? The thought alone should send shivers up the spine of all those gold "bugs" who have been warning about precisely this for years. Because the implications could be staggering.

Comments: 588 (http://www.zerohedge.com/news/gold-rehypotecation-unwind-begins-hsbc-sues-mf-global-over-disputed-ownership-physical-gold#comments)
Reads: 32,316

Fri, 12/09/2011 - 16:20 | 1964369 (http://www.zerohedge.com/news/gold-rehypotecation-unwind-begins-hsbc-sues-mf-global-over-disputed-ownership-physical-gold#comment-1964369) new fonestar (http://www.zerohedge.com/users/fonestar)
http://www.zerohedge.com/sites/default/files/pictures/picture-53632.jpg (http://www.zerohedge.com/users/fonestar)
We tried to warn you people who thought physical and paper metal was one and the same. You didn't listen to us and so, if you even have any time left to take possesion, hopefully you will listen to Olivia Newton-John:


Zum Original-Beitrag (showthread.php3?p=1428094#post1428094)
sollte man durchlesen....diese MG Global story öffnet hoffentlich einigen die Augen :oo

10.12.2011, 11:12
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: When Things Fall Apart: Disorientation, Desperation, Chaos (http://www.zerohedge.com/news/guest-post-when-things-fall-apart-disorientation-desperation-chaos)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/09/2011 - 16:00

We're not used to things falling apart, and so our first reaction is disorientation. What we've been trained to expect by constant intervention in supposedly "open" markets is that Central States and central banks will "save the day" with a new intervention: an interest rate cut, a new round of money-printing, emergency loans, new bailout funds, the list has been almost endless since the initial evidence of the Great Unraveling appeared in 2007. So when official interventions are announced to great fanfare and then fail to goose the market, we're disoriented. The problem with depending on intervention "sugar" for sustenance is that the market slowly loses its sensitivity to the mechanisms of control (insulin), and at some point the sugar no longer generates a response. We are very close to that point now, as the expected "grand EU treaty agreement" is duly issued as expected and global markets are holding their breath, hoping that some new intervention will keep the teetering financial system from falling over the edge. This is desperation.

Comments: 59 (http://www.zerohedge.com/news/guest-post-when-things-fall-apart-disorientation-desperation-chaos#comments)
Reads: 10,471

10.12.2011, 11:14

Andrew Jackson was the last US president to pay off the national debt. He fought the elite bankers and shut down the national bank which resembles our current federal reserve.

.....das war wohl der letzte integere Präsident :oo

10.12.2011, 11:27

The Euro's future has been dealt a severe blow at eleventh hour talks in Brussels, as the UK refused to sign up to new EU treaties, leaving the rest of Europe to figure out a different approach. Marathon overnight talks mean the core Eurozone states will now make any further agreements among themselves, while other European countries can still join in to work out budget rules and changes. Max Keiser, financial analyst and the host of the 'Keiser Report' here on RT, says PM Cameron wants the whole world tolerate London as capital of fraud and sponsor it.

London - Capital of Fraud :bad

10.12.2011, 11:48
THE GOLDEN AGE OF MORON HAZARD (http://maxkeiser.com/2011/12/10/the-golden-age-of-moron-hazard/)

Posted on December 10, 2011 (http://maxkeiser.com/2011/12/10/the-golden-age-of-moron-hazard/) by williambanzai7 (http://maxkeiser.com/author/williambanzai7/)| 4 Comments (http://maxkeiser.com/2011/12/10/the-golden-age-of-moron-hazard/#comments)

By: williambanzai7 (http://williambanzai7.blogspot.com/)

10.12.2011, 11:52
Politik: 10. Dezember 2011, 10:33

Erste Demonstrationen im Osten des Landes (http://www.nzz.ch/nachrichten/politik/international/russland_tag_des_protests_1.13585014.html)

http://www.nzz.ch/images/russland_proteste_dezember_2011_wahlen_small_1.13586199.1323510031.jpg (http://www.nzz.ch/nachrichten/politik/international/russland_tag_des_protests_1.13585014.html) In Russland beginnen Proteste der Opposition gegen Wahlergebnisse

(http://www.nzz.ch/nachrichten/politik/international/russland_tag_des_protests_1.13585014.html)Im Osten Russlands hat es am Samstag erste Kundgebungen gegen das Ergebenis der Wahlen vom letzten Sonntag gegeben. Russland steht den ganzen Tag im Zeichen der Proteste. In Moskau dürfte es zur grössten Demonstration seit Jahren kommen.


.....die Welt scheint wirklich im Umbruch zu sein :oo warum muss es nur immer so viele Opfer geben :rolleyes:gomad


10.12.2011, 11:53

Nationwide protests under way in Russia (http://www.aljazeera.com/news/europe/2011/12/2011121053755418485.html)
Moscow rally against "poll fraud" by ruling party set to attract 30,000 people, with protests in several other cities.
Last Modified: 10 Dec 2011 10:52 GMT

Read More (http://www.aljazeera.com/news/europe/2011/12/2011121053755418485.html)

10.12.2011, 12:06
Justice and Dignity - ist denn da so viel verlangt :confused

10.12.2011, 12:12
Don't Miss The Last Total Lunar Eclipse Until 2014 (http://www.huffingtonpost.com/2011/12/09/lunar-eclipse-2011-december_n_1139300.html)

The last total lunar eclipse (http://en.wikipedia.org/wiki/Lunar_eclipse) of 2011 will appear in the western sky Saturday morning just before dawn in the west coast of the U.S.

Most easily seen by viewers in the western half of the U.S., Saturday's show will be the last chance to catch a total lunar eclipse (http://eclipse.gsfc.nasa.gov/lunar.html) for another three years, according to the Associated Press.

The eclipse (http://www.huffingtonpost.com/news/astronomy) will begin at 4:45 a.m. PST when a red shadow starts to cover the moon. Those in western North America will have the best views well before dawn, but can still catch the eclipse until as late as 6:05 a.m. PST, according to NASA Science Cast (http://www.youtube.com/watch?feature=player_embedded&v=MujkxjrMA2Y).

A lunar eclipse (http://news.nationalgeographic.com/news/2011/12/111209-lunar-eclipse-saturday-full-moon-space-science/) occurs when the sun and moon are aligned with the Earth in between them. Earth then casts a temporary shadow on the moon as it blocks the suns rays. As opposed to a partial eclipse, total eclipses (http://latimesblogs.latimes.com/technology/2011/12/how-to-watch-saturdays-total-eclipse-of-the-moon-on-your-computer.html) entail a perfect alignment of the three bodies.

For those not living on the western coast or in Asia, a Livestream webcast of the event will be hosted by The Skywatchers Association of North Bengal (http://skywatchersindia.wordpress.com/) and SLOOH (http://www.slooh.com/lunar-eclipse/index.php).

Check out the photos below the see some great photos from past lunar eclipses:


10.12.2011, 15:15
Massiver Polizeieinsatz

Zehntausende protestieren in Moskau gegen Wahlbetrug (http://www.spiegel.de/politik/ausland/0,1518,802887,00.html)

Russland erlebt die größten politischen Proteste der Putin-Ära: Viele tausend Bürger haben sich allein in Moskau versammelt, um gegen Fälschungen bei der Parlamentswahl zu protestieren. Zuvor gab es erste Festnahmen in Petersburg und im Osten des Landes. mehr... (http://www.spiegel.de/politik/ausland/0,1518,802887,00.html) [ Video (http://www.spiegel.de/video/video-1165792.html) | Forum (http://forum.spiegel.de/showthread.php?t=49727) ]

10.12.2011, 15:16
Politik: 10. Dezember 2011, 12:32

Tausende an der Kundgebung in Moskau (http://www.nzz.ch/nachrichten/politik/international/russland_kundgebungen_moskau_1.13586346.html)

Buntgemischte Schar beteiligt sich - Eindeutige Voten gegen die Regierung Putin

http://www.nzz.ch/images/bolotnaja_platz_moskau_protest_demonstration_2011_lead_1.13587101.1323515151.jpg (http://www.nzz.ch/nachrichten/politik/international/russland_kundgebungen_moskau_1.13586346.html)In Moskau scheinen sich die Erwartungen der Veranstalter zu erfüllen. Auf dem Kundgebungsplatz sind bereits mehrere Zehntausend Personen versammelt. Laut Augenzeugen ist die Gruppe bunt gemischt. Die Polizei ist mit einem Grossaufgebot anwesend.



10.12.2011, 15:28
Demonstranten strömen in die Nähe des Kremls (http://www.tagesanzeiger.ch/ausland/europa/Demonstranten-strmen-in-die-Nhe-des-Kremls/story/30047853)

http://files.newsnetz.ch/story/3/0/0/30047853/15/teasersmall16x9.jpg?1323526252 (http://www.tagesanzeiger.ch/ausland/europa/Demonstranten-strmen-in-die-Nhe-des-Kremls/story/30047853) In Russland hat der Massenaufmarsch der russischen Opposition begonnen. Ein ultranationalistischer Abgeordneter bedroht Oppositionelle unterdessen mit dem Tod. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Demonstranten-strmen-in-die-Nhe-des-Kremls/story/30047853)

Aktualisiert vor 47 Minuten 12 Kommentare (http://www.tagesanzeiger.ch/ausland/europa/Demonstranten-strmen-in-die-Nhe-des-Kremls/story/30047853#kommentar) Update folgt...

Parvaneh Ferhadi - 14:42 Uhr
«Proteste trotz Grossaufgebots der Polizei:» Wieso trotz? Die Demonstration war/ist bewilligt. Die Polizei ist da um die Sicherheit sicherzustellen, nicht um die Demonstration zu verhindern, wie die Bildunterschrift suggerieren soll...... :dumm

wenn ich so etwas lese kommt mir die Galle hoch - und diese "Dame" kommt mit fast allen ihren Postings durch beim TagesAnzeiger, sogar wenn sie Herrn Assad die Stange hält :bad

10.12.2011, 20:34
Die «Bulldogge» Cameron biss aus Angst (http://www.tagesanzeiger.ch/ausland/europa/Die-Bulldogge-Cameron-biss-aus-Angst/story/25361595)

Das Veto Grossbritanniens dominiert die britischen und deutschen Reaktionen zum EU-Gipfel. Der Grund für Camerons Widerstand wird vor allem in dessen Machterhaltungstrieb gesehen. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Die-Bulldogge-Cameron-biss-aus-Angst/story/25361595)

Aktualisiert um 18:42

10.12.2011, 20:45
Umjubeltes Frauentrio nimmt Friedensnobelpreis in Empfang :supi
In Stockholm überreichte heute der schwedische König Carl XVI. Gustaf die Nobelpreise. Zuvor wurden in Oslo drei Frauen mit dem Friedensnobelpreis ausgezeichnet. Es kam zu bewegenden Szenen. Mehr... (http://www.tagesanzeiger.ch/wissen/Umjubeltes-Frauentrio-nimmt-Friedensnobelpreis-in-Empfang/story/28178424)

Aktualisiert vor 26 Minuten

10.12.2011, 20:56
Auch andere Staaten unzufrieden (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12792/)

EU: Großbritannien will Euro-Pakt rechtlich anfechten :rolleyes (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12792/)

Nach der Spaltung in Europa ist nun ein Streit über die EU-Institutionen entbrannt. David Cameron lässt bereits rechtlich prüfen, wie der Einsatz von EU-Gremien nur für Interessen der Euro-Zone verhindert werden kann. Andere sprechen von einem „Putsch“. (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12792/)

Deutsche Mittelstands Nachrichten (http://www.deutsche-mittelstands-nachrichten.de/autor/deutsche-mittelstands-nachrichten/), Großbritannien (http://www.deutsche-mittelstands-nachrichten.de/autor/grossbritannien/) | 10.12.11, 20:39 | 13 Kommentare (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12792/#comments)

10.12.2011, 21:07
Mass Arrests As Police Evict Occupy Boston (http://www.huffingtonpost.com/2011/12/10/occupy-boston-police-_n_1140651.html)

LATEST UPDATES ON LIVE BLOG.. (http://www.huffingtonpost.com/2011/12/10/occupy-boston-police-_n_1140651.html?1323534138#liveblog) More Occupy Wall Street :rolleyes:mad (http://www.huffingtonpost.com/news/occupy-wall-street)

Comments (676 (http://www.huffingtonpost.com/2011/12/10/occupy-boston-police-_n_1140651.html#comments)

10.12.2011, 21:19

Thousands across Russia protest poll fraud (http://www.aljazeera.com/news/europe/2011/12/2011121053755418485.html)
Up to 60,000 take to streets demanding an end to Putin's rule and a rerun of election in biggest protests in decades.
Last Modified: 10 Dec 2011 19:23 GMT

Read More (http://www.aljazeera.com/news/europe/2011/12/2011121053755418485.html)

10.12.2011, 21:41
Samstag, 10. Dezember 2011

England schäumt- neue Verunsicherungstaktik gegen die Euro-Zone angelaufen (http://marktorakel.blogspot.com/2011/12/engliand-schaumt-neue.html)

Kontinental-Europa wähnt sich schon auf der Gewinnerstrasse. Aber die britische Presse schreibt in englischer Sprache, richtig?

Nicht in deutsch und nicht in französisch.

Und in Amerika liest man im Zweifelsfalle das Handelsblatt oder die Financial Times?

Und vor allem die konservative Presse verschießt aus dem angelsächsischen Raum einen Giftpfeil nach dem anderen ab.

Kontinentaleuropa hat noch nicht gewonnen.

Und England hat noch nicht verloren......


11.12.2011, 15:42
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Swiss, Germans Set To Unleash Capital Controls As European Companies Prepare For Euro End (http://www.zerohedge.com/news/swiss-germans-set-unleash-capital-controls-european-companies-prepare-euro-end)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/10/2011 - 17:01 Even as Eurozone leaders attempted to instill some meager sense of accomplishment following the latest (but certainly not last) Euro summit culminating with yet another 7-page term sheet which achieved absolutely nothing (http://consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/126658.pdf), and in fact succeeded in alienating the UK even more, the real game continues behind the scenes. And it is a game which the euro looks set to lose. As Bloomberg reports (http://www.bloomberg.com/news/2011-12-09/wary-european-ceos-move-cash-to-germany-to-protect-against-breakup-risk.html), in the aftermath of the Telegraph's latest report confirming what has been said here all about the collateral crunch (http://www.telegraph.co.uk/finance/financialcrisis/8947470/Eurozone-banking-system-on-the-edge-of-collapse.html)in Europe, Europe's CEO are now actively preparing for the worst case outcome: the end of the Euro (despite UBS' and other banks' repeated calls that such an event would result in an end of the world). To wit: "Grupo Gowex (GOW), a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it expects Spain to exit the euro. German machinery maker GEA Group AG is setting maximum amounts held at any one bank. “I don’t trust Spain will remain in the euro zone,” said Jenaro Garcia, founder and chief executive officer of Madrid- based Grupo Gowex, which provides Wi-Fi access in 15 countries. “We moved our cash and deposits to Germany because Spain will come back to the peseta"... Contingency planning for an unraveling of the currency involves cutting investment, moving money to Germany, transferring headquarters to northern Europe from southern, and even going out of business." And to all the chatterboxes on CNBC repeating ad inf that a Eurozone collapse would be "manageable" here is a person who actually knows what he is talking about: "“How do you control an explosion in a controlled way?” Fiat SpA (F) Chief Executive Officer Sergio Marchionne told reporters in Brussels on Dec. 2. “That’s a contradiction in terms. This will be an implosion of some size with potentially disastrous consequences." He is right, and while the outcome is certain, it will not stop Europe's financial leader Germany from intervening in an attempt to prevent a surge in Deutsche Marks once the currency returns, and will likely set up capital control measures - that last bastion to every failing monetary system - to halt what is sure to be a record inflow of post-collapse DEM appreciating capital......

From Bloomberg (http://www.bloomberg.com/news/2011-12-09/wary-european-ceos-move-cash-to-germany-to-protect-against-breakup-risk.html): The Bundesbank, Germany’s central bank, registered capital inflows of 11.3 billion euros ($15 billion) from non-banks in September, according to the breakdown of its current account published Nov. 9. That helped transform a deficit of 47.3 billion euros in Germany’s balance of other capital flows in August to a surplus of 700 million euros in September.

In another bid to end the debt crisis, European leaders added 200 billion euros to their warchest and tightened anti- deficit rules in what they called a “fiscal compact” at a meeting in Brussels. European stocks dropped and the euro was little changed as the plan disappointed some investors.
And confirming the case for capital controls, is Handelsblatt (http://www.handelsblatt.com/finanzen/rohstoffe-devisen/devisen/schweiz-bereitet-sich-auf-euro-kollaps-vor/5934962.html?p5934962=all)which reports that Switzerland is preparing contingency plans in the event that the €-crisis escalates. The government would oppose a flight to the Swiss franc. In this context, a working group is examining and negative interest rates and capital controls, the Swiss Finance Minister Eveline Widmer-Schlumpf said in Parliament yesterday. At negative interest rates of foreign assets in CHF are subject to a penalty tax.

"We are certainly prepared for possible alternatives," Widmer-Schlumpf said on questions of deputies, the government would like to respond. To capital controls or negative interest rates, she said: "These are questions which are examined in this Task Force on the franc strength."
But just like any other centrally panned intervention this one too shall fail. What is more important, is that now that the concept of a EUR end is tangible, it will likely become a self-fulfilling prophecy:

Companies switched gears from preparing for a possible exit by Greece to some sort of currency breakdown after Italian Prime Minister Silvio Berlusconi’s government collapsed and 10-year Italian bond yields rose past 7 percent in November......

Comments: 246 (http://www.zerohedge.com/news/swiss-germans-set-unleash-capital-controls-european-companies-prepare-euro-end#comments)
Reads: 15,503

Sat, 12/10/2011 - 18:47 | 1966831 (http://www.zerohedge.com/news/swiss-germans-set-unleash-capital-controls-european-companies-prepare-euro-end#comment-1966831) new Global Hunter (http://www.zerohedge.com/users/global-hunter)
http://www.zerohedge.com/sites/default/files/pictures/picture-51167.jpg (http://www.zerohedge.com/users/global-hunter)
a society can survive or even thrive in a deflationary environment IMO it is the debasement of the coinage and in modern times the printing of money to make up increasing shortfalls that is the end game. Imagine this whole thing had collapsed when Nixon closed the gold window, all of the western powers could conceivably been in a better place than they are now. It has been the printing, artificially low interest rates and central planning of the last 40 years (interest rates more like last 25 years) that have made a serious but manageable problem into one that threatens the stability of the whole world.

Sat, 12/10/2011 - 19:18 | 1966868 (http://www.zerohedge.com/news/swiss-germans-set-unleash-capital-controls-european-companies-prepare-euro-end#comment-1966868) new BigDuke6 (http://www.zerohedge.com/users/bigduke6)
http://www.zerohedge.com/sites/default/files/pictures/picture-25245.gif (http://www.zerohedge.com/users/bigduke6)
Snidley, dont you think Cameron has totally shown the uk up for what it is?
A nation run by the london banking cartel - and sod the ordinary people.
In 1970, a 6 per cent return for a risk-free government investment seemed good. Then came the inflation of the 1970's.
‘Bond vigilantes’ – a term coined in the 1980s – forced governments around the world to control inflation. Never again would they allow politicians to slowly rob them through the expansion of money and rising prices.
Now the bond vigilantes are at it again, except this time they are demanding monetary expansion. Governments that don’t print money are punished, and those that do are richly rewarded with yields below 2 per cent, or even 1 per cent.
The UK has had four rounds of quantitative easing (QE), or money printing, and its 10-year bonds, have fallen from 3.8 per cent to 2.3 per cent in six months. The US Fed has had the TARP, QE 1, QE 2 and the Twist, printing money like there’s no tomorrow, and yet the 10-year Treasury bond is stuck at a 2 per cent yield.
The eurozone, on the other hand, is being tormented by the bond vigilantes, who are using the lash of bond yields to demand that the European Central Bank falls into line and prints money. The ECB has bought €209 billion worth of bonds since May 2010; in the past three months its balance sheet has expanded at an annual rate of 77 per cent, but it’s not enough.
With €1.2 trillion of European government debt to be refinanced in 2012, the bond market is putting big pressure on the ECB and Germany to abandon their ‘conservative’ ways and print more money.
How on earth did we get to this point, where the bond market vigilantes have gone from demanding monetary discipline to demanding the exact opposite?
The world’s marginal fixed interest 'prudent' investors have gone from being long-term risk managers to short-term yield arbitrage stealers.
What they want is cheap money. They don’t give a monkey's about inflation or deflation – just give us a fix of near-zero interest rates so we can make easy profits on the carry.
There was a time when European and American governments might have satisfied bond markets and lowered the interest rate on their long-term debt simply through tight, responsible fiscal policy.
Not any more. What’s required now is a willingness to create euros and dollars, and to keep the price of money down in the short-term so the hedge funds that control marginal pricing can continue to get rich – at least until the inflation catches up with them. But they’ll be long gone by then, or so they believe.
So Merkel is taking the right approach. Basically tell the financial markets to get stuffed, refuse to print more money and change the paradigm - painful though it will be.
http://www.businessspectator.com.au/bs.nsf/Article/bond-markets-yields-g... (http://www.businessspectator.com.au/bs.nsf/Article/bond-markets-yields-government-debt-printing-press-pd20111207-PAR9B?OpenDocument&emcontent_Kohler)

11.12.2011, 15:44
10 December 2011

The Big Question: Are Funds At US Financial Firms Safe? (http://jessescrossroadscafe.blogspot.com/2011/12/big-question-are-funds-at-us-brokerage.html)

The short answer is 'maybe.' It is more of a buyer beware situation than most had thought, and still think.

It is nice to see someone in the mainstream media addressing this situation intelligently and without making an apology for what is apparently a criminal act and surely an egregious abuse of the public trust.

It is an axiom that it is not the initial crime that does the greatest and most widespread damage, although in this case it appears likely that someone in MF Global is due for jail time.

The damage is going to be to the US and British financial systems, Wall Street and the City of London, and in a large part because of the capture of political process by the monied interests.

This week the Senate led by Richard Shelby turned down the appointment of Richard Cordray to head the Consumer Financial Protection Bureau. They have vowed to block any appointee until they can change the law that authorized the Bureau in the wake of the financial crisis in order to provide 'accountability.' For them that means the ability to control the Bureau and starve it of funds in order to protect their banking cronies on Wall Street.

Nothing is ever perfectly safe in this world. But some things are safer than others and there are steps one can take to diversify their wealth and avoid higher risks.'A wise person does at once, what a fool does at last. Both do the same thing; only at different times.'

Lord Acton
If I am correct, there are even bigger scandals to come when the tide goes out again, although there will be great efforts made to cover them up and excuse them 'for the sake of public confidence in the system.' The derivatives market is a scandal-in-process, and is likely to rock the US banking system and the Dollar to their foundations when it topples.

There may be even larger losses and anxiety for the unsuspecting who have misplaced their trust in false ideologies, slogans and theories promoted by a self-serving oligarchy.
NYT (http://www.nytimes.com/2011/12/10/business/an-unthinkable-risk-at-a-brokerage-firm.html?_r=2&ref=business)
A Risk Once Unthinkable
By James B. Stewart
December 9, 2011

Are customer accounts at brokerage firms safe?

Until the collapse of MF Global, that’s a question I thought I’d never have to ask.

Brokerage firms are required by law to maintain segregated accounts holding all client assets, including stocks, bonds, mutual funds, money market funds and cash. The law was passed after the 1929 crash, in the depths of the Depression, to make sure that customer assets were there at all times, ready to be disbursed even if everyone asked for their money at once...

I had always assumed it was impossible and that strict internal controls existed at all brokerage firms so that firm officials couldn’t tap segregated customer funds even if they were willing to break the law. Thanks to MF Global, it’s now apparent that isn’t necessarily true. “If people are determined to misuse customer funds, they will misuse them,” said Ananda Radhakrishnan, the director of the division of clearing and risk at the Commodities Futures Trading Commission.

That’s because the commodities and securities industry is mostly self-regulating, and self-regulation ultimately depends on the integrity of the regulated. Broker-dealers — securities firms that execute trades of stocks, bonds and other assets for customers — are overseen by the S.E.C., while futures commission merchants, which trade commodities, derivatives and futures, are regulated by the C.F.T.C. Like most large brokerage firms, MF Global was both a broker-dealer and a futures commission merchant, though its primary business was commodities futures trading...

Typically, this requires transfers from segregated accounts (other than at the customer’s request) to be approved by multiple officials, including in many cases, the firm’s chief financial officer and chief compliance officer.

“It’s not a low-level functionary,” a regulator said. “It’s someone who has real standing. Most customer assets are held at the biggest firms and they have scores of people involved in this process....”

The law also allows commodities firms like MF Global to use segregated customer funds as a source of low-cost financing for their own operations, but they are required to replace any customer assets taken from segregated accounts with supposedly ultrasafe collateral of the same value, typically United States Treasuries, municipal obligations and obligations whose payments of principal and interest are guaranteed by the government.

This week, the C.F.T.C. issued new rules restricting how client assets can be invested, which had grown under C.F.T.C. interpretations to include sovereign debt and transactions known as “in-house repos,” or repurchase agreements, in which a firm contracts with itself to use customer assets as, in effect, interest-free loans to finance its inventory of Treasury bonds. MF Global was apparently a heavy user of in-house repos, and before his firm collapsed, Mr. Corzine had argued strenuously against the C.F.T.C.’s proposal to ban them.

Making bad bets on European sovereign debt — like making bad bets on United States mortgage-backed securities — isn’t a crime, but improperly transferring segregated customer assets is a potential criminal violation of the securities laws and a relatively straightforward one at that. (The United States attorney’s office in Manhattan is in the early stages of investigating the removal of customer assets from MF Global.)

I spoke this week to several people involved in the MF Global investigation. No one has reached any firm conclusions about how the assets were transferred, but possible innocent explanations have dwindled to almost none. And James B. Kobak Jr., a lawyer for the MF Global trustee, said in court on Friday that there were “suspicious” trades made from customer accounts. If that’s the case, there may have been a deliberate and concerted effort to override MF Global’s internal controls to gain access to segregated customer assets, and if that can be proved, those responsible should be prosecuted and, if convicted, go to jail.

Unfortunately for MF Global’s customers — and future victims of similar crimes, if that’s what it turns out to be — there’s no easy remedy and it will most likely be months or even years before they recover their money. The Securities and Investor Protection Corporation explicitly warns that it’s “not uncommon for delays to take place when the troubled brokerage firm or its principals were involved in fraud.”

SIPC will replace up to $500,000 of securities and cash (but not futures contracts) missing from customer accounts at member firms. A measure of the magnitude of the problem is that since its creation in 1970, SIPC has advanced $1.6 billion to make possible the recovery of $109.3 billion in assets for an estimated 739,000 investors (through the end of 2010).

Meanwhile, the C.F.T.C.’s enforcement capabilities, like the S.E.C.’s, have been starved for lack of funding... Read the entire article here (http://www.nytimes.com/2011/12/10/business/an-unthinkable-risk-at-a-brokerage-firm.html?_r=2&ref=business).

Posted by Jesse at 3:05 PM (http://jessescrossroadscafe.blogspot.com/2011/12/big-question-are-funds-at-us-brokerage.html) :verbeug

11.12.2011, 15:55
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Inevitable Spiral Equity Collapse, Biderman's 'Better Early Than Late' Call To Sell Into Strength (http://www.zerohedge.com/news/inevitable-spiral-equity-collapse-bidermans-better-early-late-call-sell-strength)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/10/2011 - 21:30

It's the end of deficit spending in Europe as we know it. That's how Charles Biderman, of TrimTabs, rightly describes the unwilling-to-compromise German's (perhaps heroic) attitude to their fellow European sovereigns. From his perspective, this forced austerity will mean slower growth and with that all chance that the European nations can 'grow/tax' their way out of this charade. He notes there is simply no way they can grow fast enough to be able to kick the can far enough down the road for it to matter. Pointing to his 'better early than late' calls on markets over the last 40 years, the man from Sausalito sees it as inevitable that the practical insistence on the elimination of deficit spending will force banks into bankruptcy, leading, as asset values are marked down, to a spiral collapse in equities. He then dismisses the simple-minded decoupling perspective as if no new Keynesian-inspired 'technology shift' occurs, US growth will be in the doldrums as European deleveraging drags global growth down with it. It's not all doom-and-gloom though as he ends on the upbeat notion that this collapse won't happen tomorrow, given balance sheet strength, although selling into rallies is the clear picture he is painting.


Comments: 163 (http://www.zerohedge.com/news/inevitable-spiral-equity-collapse-bidermans-better-early-late-call-sell-strength#comments)
Reads: 12,486

Sun, 12/11/2011 - 00:00 | 1967184 (http://www.zerohedge.com/news/inevitable-spiral-equity-collapse-bidermans-better-early-late-call-sell-strength#comment-1967184) new FEDbuster (http://www.zerohedge.com/users/fedbuster)
http://www.zerohedge.com/sites/default/files/pictures/picture-13062.jpg (http://www.zerohedge.com/users/fedbuster)
Or Jon Corzine could just steal your money from your trading account? Blatent THEFT by the house has now entered the casino, you get up to take a piss and the dealer rakes your chips. Fuck that.
GM Bondholders should have been the wake up call for everyone to leave the table, but now they will just take your money like a thief in the night. Poof it's gone......
I want to know how South Park is frontrunning this shit.

Sat, 12/10/2011 - 21:54 | 1967067 (http://www.zerohedge.com/news/inevitable-spiral-equity-collapse-bidermans-better-early-late-call-sell-strength#comment-1967067) new xela2200 (http://www.zerohedge.com/users/xela2200)
http://www.zerohedge.com/sites/default/files/pictures/picture-78947.jpg (http://www.zerohedge.com/users/xela2200)
"rightly describes the unwilling-to-compromise German's attitude to their fellow European sovereigns"
Germany is NOT the bad guy here. The father land is the only thing keeping the Euro alive.
Took Chile a decade (1970s) to find the way. Germany did it twice in the 20th century, and they will do it again. When they emerge out this mess, they will be one of the top dogs.
Japan tried the keyne's way, and it still struggling.
Austerity --> Only a stupid politician can make fiscal responsibility sound like some sort of illness.

11.12.2011, 16:18
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Coming Collateral Crunch Charted (http://www.zerohedge.com/news/coming-collateral-crunch-charted)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/10/2011 - 16:37 Central Banks (http://www.zerohedge.com/category/tags/central-banks)

To better comprehend the chaos that is currently viciously circling in European funding markets, its critical to understand the difference between 'linear' collateral needs and the highly non-linear self-destroying re-pledging collateral crunch that is about to occur. Perry Mehrling, of INETeconomics (http://ineteconomics.org/blog/money-view/imf-and-collateral-crunch), does a good job of explaining, in his chalkboard-style video, the three lending-based demands for collateral among the European banks and their central banks (Interbank, National Central Bank, and TARGET-2). He notes the IMF's proposed interjection might help to relieve the collateral crunch that we have been so actively discussing. However, these are all lending channels that rely simply on haircuts and specific collateral needs, what is being missed here is the much bigger problem of re-hypothecation (or re-pledging) of the collateral which leaves the considerably larger shadow-banking system facing a run on ever-decreasing piles of assets. So simply put we have a crunch in credit as increasing needs for collateral for 'pure' lending will be greatly exaggerated by the shrinking 'net' availability of collateral (as risk manager after risk manager tightens up their systemic risk criteria and reduce availability of funds for re-pledging). Put another way, while policy-makers focus on the big bazooka top-down, it is the smallest fund manager 'cog' in the chain of re-pledged collateral that will inevitably bring the system down.


Comments: 79 (http://www.zerohedge.com/news/coming-collateral-crunch-charted#comments)
Reads: 9,975

Sat, 12/10/2011 - 17:19 | 1966687 (http://www.zerohedge.com/news/coming-collateral-crunch-charted#comment-1966687) new DormRoom (http://www.zerohedge.com/users/dormroom)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/dormroom)
Even if you move the liabilities to the IMF, it doesn't solve the problem of finite collateral in a system highly leveraged from rehypothecation, using finite collateral.
Eventually the synthetic liquidity will reverse, and the bubble from rehypothecation will pop. Assets you thought you owned will be put in legal dispute by a host of other parties, and the drop in confidence will exasterbate the credit crunch. Thus the great deflation in shadow banking will hemorrage out into the real economy, and ruin it.
And if the Central Banks monetize to stabilize sytnhetic liquidity in shadow banking, they merely kick it down the road, until the future adjustment becomes apocalytpic, if it isn't already.
Then there will no one to protect bankers from pitchforks.

Sat, 12/10/2011 - 17:39 | 1966743 (http://www.zerohedge.com/news/coming-collateral-crunch-charted#comment-1966743) new luna_man (http://www.zerohedge.com/users/lunaman)
http://www.zerohedge.com/sites/default/files/pictures/picture-74185.jpg (http://www.zerohedge.com/users/lunaman)
And remember folks, were dealing with CRIMINALS! logic, common sense, plays no part in the equation...
Just be ready to close the hatch at a moments notice!


11.12.2011, 17:04
Die am meisten überbezahlten Manager (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Die-am-meisten-berbezahlten-Manager/story/23782296)

http://files.newsnetz.ch/story/2/3/7/23782296/22/teaserbreit.jpg?1323617041 (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Die-am-meisten-berbezahlten-Manager/story/23782296) Top-Lohn für Top-Leistung? Die Realität sieht laut einem Performance-Ranking anders aus. Credit-Suisse-Chef Brady Dougan fällt dabei eine fragwürdige Ehre zu.....
....Die CS leistet sich den teuersten Manager der Schweiz.:kotzBrady Dougan (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/personen/brady-dougan/s.html) kassierte in den Jahren 2008 bis 2010 gut 95 Millionen Franken. Wäre seine Leistung nach den Standards der anderen Schweizer Multis entlöhnt worden, hätte er nur :rolleyes 53 Millionen verdienen dürfen. Gemäss den Berechnungen der «SonntagsZeitung» auf Basis des Performance-Rankings der Zürcher Finanz-Research-Firma Obermatt ist Dougan für die Zeit von 2008 bis 2010 damit der am meisten überbezahlte Unternehmenschef der Schweiz.....
Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Die-am-meisten-berbezahlten-Manager/story/23782296)

Aktualisiert um 15:08 37 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Die-am-meisten-berbezahlten-Manager/story/23782296#kommentar)

..."meine" Bank Leu wird nun vollends in die CS integriert - also muss ich mir eine neue Bank suchen :rolleyes:oo

11.12.2011, 17:08
Zwickauer Zelle

130 NPD-Spitzel - und keiner will etwas gemerkt haben (http://www.spiegel.de/politik/deutschland/0,1518,802986,00.html)

Erstmalig wird bekannt, wie stark die NPD von V-Leuten durchsetzt ist. Mehr als 130 Spitzel sind in der Partei aktiv, als Funktionäre oder einfache Mitglieder. Doch keiner von ihnen hat - soweit bekannt - etwas über die Mordserie der Zwickauer Zelle gemeldet. Am Morgen wurde Matthias D., ein mutmaßlicher Unterstützer, festgenommen....

....Allerdings berichten immer noch mehr als zehn Informanten aus den Führungsgremien der Partei. Bei mehr als der Hälfte der V-Leute handelt es sich um Neonazis, die sowohl in rechtsextremen Kameradschaften als auch in der NPD aktiv sind....

mehr... (http://www.spiegel.de/politik/deutschland/0,1518,802986,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=49770) ]

#79 Heute 16:46 von tumatsch (http://forum.spiegel.de/member.php?u=162391)
Der Knackpunkt ist ...
Zitat von der_stille_beobachter http://www.spiegel.de/static/forum/images/buttons/lastpost-right.png (http://forum.spiegel.de/f22/rechtsextreme-verfassungsschutz-hat-130-v-leute-der-npd-49770-8.html#post9288391)
Ist vielleicht schon jemand auf die Idee gekommen, dass im Verfassungsschutz auch "V-Männer" der Rechten sitzen, die schön ausgekundschaftet haben, wer V-Mann in der NPD ist und deshalb keiner etwas mitbekommen hat?

Das ist das Fazit aus allen Infos die einem vorliegen. Der Gedanke ist naheliegend wird aber gefürchtet wie das Weihwasser. Dabei ist es schon rein statistisch wahrscheinlich, daß in den Behörden Leute existieren, die zumindest deutsch-national sind. Bei Polizei und Verfassungsschutz ist sowas natürlich besonders fatal, weil sie da ev. die Macht haben, bei Straftaten wegzusehen.
Schon der Umstand das 10 Morde in 4 Ländern mit der selben Waffe verübt wurden und die Bundesanwaltschaft und das BKA ermitteln nicht, lässt bewusstes passieren lassen vermuten. Der Vertrauensschwund ist hier wirklich angesagt und wenn das nicht aufgeklärt wird, wird er bleiben.
Bezeichnend ist auch das sich Länder weigern ihre V-Leute abzuschalten. Da weiß man, was man hat.

braun, brauner, .....na ja, ich verkneif's mir wohl besser :rolleyes:oo

11.12.2011, 17:19
Politik: 11. Dezember 2011, 15:31

Turiner Mob zündet Zigeunersiedlung an (http://www.nzz.ch/nachrichten/politik/international/turiner_mob_zuendet_zigeunersiedlung_an_1.13598289.html)

Lynchstimmung wegen erlogener Vergewaltigungsgeschichte

http://www.nzz.ch/images/turin_zigeuner_brand_11122011_lead_1.13598300.1323613916.jpg (http://www.nzz.ch/nachrichten/politik/international/turiner_mob_zuendet_zigeunersiedlung_an_1.13598289.html) Nach einem erlogenen Vergewaltigungsvorwurf einer jungen Italienerin hat eine aufgebrachte Menschenmenge in Turin ein Zigeunerlager angegriffen und in Brand gesetzt. Rund hundert Leute waren beteiligt, nur zwei wurden festgenommen.


.....mit 16 sollte man sich bewusst sein was mit so einer Aussage angestellt wird - und der lieben "Familie" fehlt es wohl total am Gemeinschaftssinn :dumm und der Frauenarzt ist wohl auch von vorgestern :mad


11.12.2011, 17:51

Massenproteste treiben Kreml um (http://www.n-tv.de/politik/Medwedew-laesst-Wahl-pruefen-article4976546.html)

Medwedew lässt Wahl prüfen (http://www.n-tv.de/politik/Medwedew-laesst-Wahl-pruefen-article4976546.html)

Die Massenproteste gegen die angebliche Wahlfälschung in Russland zwingen den Kreml zu scheinbaren Zugeständnissen. Er werde die Einhaltung der Wahlgesetze untersuchen lassen, kündigt Präsident Medwedew an. Ministerpräsident Putin lässt erklären, er wolle den Demonstranten "zuhören". Neuwahlen kommen allerdings nicht infrage.....

11.12.2011, 18:09
Veranstaltungen (http://www.berlin.de/tickets/suche/) » Ausstellungen (http://www.berlin.de/tickets/ausstellungen/)

Am Set. Paris - Babelsberg - Hollywood, 1910 bis 1939. Berlin - Babelsberg, heute

http://eingabe.museumsportal-berlin.de/mp_art/images/exhibition/5878.jpg Bild: Myrna Loy und Clark Gable bei den Dreharbeiten zu TOO HOT TO HANDLE (USA 1938, R: Jack Conway). Quelle: Collection Isabelle Champion, Paris

Die Deutsche Kinemathek – Museum für Film und Fernsehen würdigt das 100-jährige Bestehen der Babelsberger Filmstudios im Jahr 2012 mit einer Ausstellung der Cinémathèque française, die größtenteils unveröffentlichte Vintage-Fotografien aus der Entstehungszeit der großen Filmstudios zeigt. Zeitgleich präsentiert sie in einer eigenen Ausstellung Fotos zu Spielfilmen, die in den vergangenen zehn Jahren in Berlin und auf dem Studiogelände in Babelsberg entstanden sind.

Paris – Babelsberg – Hollywood, 1910 bis 1939
In bisher nie gezeigter Fülle wird das wenig beachtete Genre der Set-Fotografie in deutschen, französischen und amerikanischen Studios von 1910 bis 1939 vorgestellt. Mit ihren Aufnahmen wurden die Fotografen zu Zeitzeugen, die die Praxis der Filmberufe im Studio dokumentierten. Ihre Bilder erzählen vom Bau der Filmkulissen, von der Arbeit der Regisseure, dem Einsatz von Licht und den zahlreichen Details der Drehbedingungen.
Nach einem einführenden Kapitel zur Standfotografie widmet sich die Ausstellung den technischen und künstlerischen Aspekten der Filmarbeit: „Studios", „Licht", „Kameras", „Ton", „Kulissen", „Schauspielführung", „Stars und Apparate".

Berlin – Babelsberg, heute
In der Ausstellung wird die Suche nach Drehorten und deren Veränderung für Filmaufnahmen dokumentiert sowie der Bau von Sets im Studio und auf dem Außengelände thematisiert. Die Präsentation in Kombination mit Fotos der eigentlichen Dreharbeiten bietet ein kleines Kaleidoskop der Filmregion Berlin-Brandenburg im 21. Jahrhundert.

© Museumsportal Berlin (http://www.museumsportal-berlin.de/)

Wo: Deutsche Kinemathek – Museum für Film und Fernsehen (http://www.berlin.de/tickets/suche/ort.php?ort=2582)

Adresse: Potsdamer Str. 2, 10785 Berlin (Mitte) (http://www.berlin.de/stadtplan/explorer?ADR_ZIP=10785&ADR_CITY=Berlin&ADR_STREET=Potsdamer+Str.&ADR_HOUSE=2&ADR_INFO=%3Ca+href%3D%22http%3A%2F%2Fwww.berlin.de%2Forte%2Fmuseum%2Ffernsehmuseum-berlin%2Findex.php%22%3EDeutsche+Kinemathek+%96+Museum+f%FCr+Film+und+Fernsehen%3C%2Fa%3E&show=)

Preise: Ermäßigt: 4.50, Normal: 6.00

Öffnungszeiten: Mo geschlossen, Di-Mi 10:00-18:00, Do 10:00-20:00, Fr-So 10:00-18:00

Laufzeit: Do, 15.12.2011 bis zum So, 29.04.2012

....scheint eine interessante Ausstellung zu sein :cool

11.12.2011, 18:29
http://assets.rollingstone.com/assets/images/politics_channel/93x136/0de0533e6af5f9983f586dc92abdfa62fc070836.jpg :bad (http://www.washingtonpost.com/opinions/newt-gingrichs-lack-of-discipline/2011/12/07/gIQAbVjagO_story.html)
1. NEWT (http://www.washingtonpost.com/opinions/newt-gingrichs-lack-of-discipline/2011/12/07/gIQAbVjagO_story.html)

Gingrich lacks the character to be president. Take it from a conservative. WASHINGTON POST http://www.rollingstone.com/images/fe/must_reads-source_arrows.png (http://www.washingtonpost.com/opinions/newt-gingrichs-lack-of-discipline/2011/12/07/gIQAbVjagO_story.html)
....Gingrich’s transgressions (http://www.washingtonpost.com/blogs/post-leadership/post/newt-gingrich-affairs-forgive-and-forget/2011/04/01/gIQAFQaPDO_blog.html) were more than a decade ago. But they were not merely private. As speaker of the House, he conducted an affair during the impeachment of a president for lying under oath about an affair. It helped undermine a movement (http://www.washingtonpost.com/wp-srv/politics/govt/leadership/stories/gingrich110798.htm) Gingrich had helped to build......

...für mich ein absoluter :kotzBrocken :gomad

Read more: http://www.rollingstone.com/politics#ixzz1gFOtmxre

11.12.2011, 20:08
Wirtschaft: 11. Dezember 2011, 17:29

Aufstand der Aktionäre in Bangladesh (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/aufstand_der_aktionaere_in_bangladesh_1.13599423.html)

http://www.nzz.ch/images/dhaka_boerse_protest_11122011_small_1.13599450.1323621114.jpg (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/aufstand_der_aktionaere_in_bangladesh_1.13599423.html) Aktienkurse fallen – Sündenböcke werden gesucht

(http://www.nzz.ch/nachrichten/wirtschaft/aktuell/aufstand_der_aktionaere_in_bangladesh_1.13599423.html)Erboste Anleger in Bangladesh haben wegen immer stärker fallender Aktienkurse vor der Börse in Dhaka protestiert. Sie verlangten den Rücktritt des bengalischen Finanzministers, des Zentralbankpräsidenten und des Börsenchefs.

awy. Die Börsen in Entwicklungsländern bekommen die weltweite Erschütterung der Finanzmärkte zum Teil heftig zu spüren. In Dhaka führte das fortwährende Sinken der Aktienkurse am Sonntag, dem ersten Handelstag der Woche, zu einem regelrechten Aufstand der Anleger, wie die bengalische Tageszeitung «The Daily Star» berichtet. (http://www.thedailystar.net/newDesign/latest_news.php?nid=34315)Sie versammelten sich vor der Börse, blockierten den Verkehr und skandierten Parolen gegen jene, die sie für den Kurszerfall verantwortlich machen, nämlich gegen den Finanzminister, den Zentralbankpräsidenten und den Börsenchef. Sie verlangten den Rücktritt der drei Amtsträger.....

:hammer schaut doch auch bei wallstreet vorbei :klo


11.12.2011, 20:15
Was wirklich beschlossen wurde
Banken müssen unbegrenzt Staatsanleihen kaufen (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12807/)

Das Ergebnis von Brüssel ist eine Zeitbombe für Europa (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12807/)

http://www.deutsche-mittelstands-nachrichten.de/wp-content/uploads/2011/12/sintflut-600x398.jpg (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12807/)

Johann Heinrich Schönfeld (1609-1684); Die Sintflut; Leinwand; 1375 x 2080 cm; Kassel, Gemäldegalerie Alte Meister . (Foto: Universität Leipzig)

Das vage Bekenntnis zur Haushaltsdisziplin reicht der EZB als Feigenblatt, um den europäischen Banken unbegrenzt Geld zu leihen. Die Banken werden ausdrücklich aufgefordert, mit diesem Geld Schrottpapiere zu kaufen. Europa sitzt seit Donnerstag auf einer tickenden Zeitbombe. (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12807/)

Deutsche Mittelstands Nachrichten (http://www.deutsche-mittelstands-nachrichten.de/autor/deutsche-mittelstands-nachrichten/) | 11.12.11, 09:59 | 62 Kommentare (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12807/#comments)

12.12.2011, 10:27
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Clive Hale On "Rule Britannia" (http://www.zerohedge.com/news/clive-hale-rule-britannia)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/11/2011 - 20:12 The markets, expecting something approaching a frisson of decisiveness, spent Friday like stunned mullets. And with Christmas rapidly approaching may well take to the mulled wine and other festive “remedies” and call it a day until the New Year. At which time they will all realise that nothing, absolutely nothing has been done to address the solvency of the European banking system. Which anthem will they play at the Last Night of the Euro I wonder? How about the Doobie Brothers and “What a fool believes”? “But what a fool believes ... (s)he sees” - a lastingly stable euro?

Comments: 66 (http://www.zerohedge.com/news/clive-hale-rule-britannia#comments)
Reads: 4,401

Sun, 12/11/2011 - 20:27 | 1968742 (http://www.zerohedge.com/news/clive-hale-rule-britannia#comment-1968742) new leftcoastfool (http://www.zerohedge.com/users/leftcoastfool)
http://www.zerohedge.com/sites/default/files/pictures/picture-12865.jpg (http://www.zerohedge.com/users/leftcoastfool)
We don't have equities markets anymore. They've all been captured and are completely manipulated by the FED and its cronies. Those criminals are aided by the HFT momo-chasing algo computer traders on the nearly constant low-volume days we now see. The markets seem to go up more on days when the news is particularly bad. It's as if the FED thinks (probably rightly for the most part) that if the DOW closes up no one will notice that things are going to shit all around them. Many of us feel like we're due for a crash, but I don't know who's going to be doing the selling when there aren't any retail traders around anymore...

Sun, 12/11/2011 - 22:22 | 1968965 (http://www.zerohedge.com/news/clive-hale-rule-britannia#comment-1968965) new Pool Shark (http://www.zerohedge.com/users/pool-shark)
http://www.zerohedge.com/sites/default/files/pictures/picture-26576.gif (http://www.zerohedge.com/users/pool-shark)
Brittania may 'Rule the Waves,' but Merkozy et al 'Waive the Rules...'

Sun, 12/11/2011 - 20:40 | 1968770 (http://www.zerohedge.com/news/clive-hale-rule-britannia#comment-1968770) new knukles (http://www.zerohedge.com/users/knukles)
http://www.zerohedge.com/sites/default/files/pictures/picture-6935.jpg (http://www.zerohedge.com/users/knukles)
Cameron performed exactly as his Owners in the City of London directed him.
The City remains Sancrosanct, the Global Locus of the Anglo-American Banking Leviathan.
Continental Europe falls to the NWO.
The City remains it's financier, enslaver via debt, manipulator and shadow Governor.
All's well, according to plan
From Chaos, Order.

12.12.2011, 10:37
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
"The Inmates Don’t Know It’s An Asylum" (http://www.zerohedge.com/news/inmates-don%E2%80%99t-know-it%E2%80%99s-asylum)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/11/2011 - 22:26 Today, the “movers and shakers” of the financial world abound in such useful idiots. It has been a long road from the 1930s Keynesian mantra that “we owe it to ourselves” to today’s masters of the universe with their incomprehensible computer “algorithms” fuelled by the ability of modern computers to crunch almost unlimited sequences of “1s” and “0s”. The entire road has been paved with one goal in mind. To convince the “people” that the only road to financial “safety” is to give up their thinking processes and “delegate” them to those who claim to know what they are doing. The problem today is that the results of this delegation are so obvious that the methods of those who produced them are beginning to be questioned. It has been a long time coming. When we reach a market situation where nobody wants to play unless the game is terminally rigged, then the whole idea of “markets” has gone by the boards. Nobody wants to “punt” unless their bets are guaranteed in advance. That’s no way to run a horse race - or a global financial system.

Comments: 61 (http://www.zerohedge.com/news/inmates-don%E2%80%99t-know-it%E2%80%99s-asylum#comments)
Reads: 5,455

Sun, 12/11/2011 - 22:47 | 1969014 (http://www.zerohedge.com/news/inmates-don%E2%80%99t-know-it%E2%80%99s-asylum#comment-1969014) new sitenine (http://www.zerohedge.com/users/sitenine)
http://www.zerohedge.com/sites/default/files/pictures/picture-58459.jpg (http://www.zerohedge.com/users/sitenine)
Would this be a bad time to remind everyone that "hope" is not a sound fiscal policy?

12.12.2011, 11:00
Der folgenschwere Tipp der CS mit den Kantonalbanken (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Der-folgenschwere-Tipp-der-CS-mit-den-Kantonalbanken/story/11885202)

http://files.newsnetz.ch/story/1/1/8/11885202/4/teasersmall16x9.jpg?1323682672 (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Der-folgenschwere-Tipp-der-CS-mit-den-Kantonalbanken/story/11885202) Die Credit Suisse riet ihren US-Kunden zum Wechsel zu anderen Schweizer Banken, damit sie ihre Schwarzgelder nicht deklarieren mussten. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Der-folgenschwere-Tipp-der-CS-mit-den-Kantonalbanken/story/11885202)

Von Arthur Rutishauser. Aktualisiert um 07:03 51 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Der-folgenschwere-Tipp-der-CS-mit-den-Kantonalbanken/story/11885202#kommentar)

Hampi Rick - 09:21 Uhr
WIE LANGE NOCH…….Sie bescheissen, lügen, entlassen massenhaft Leute, riskieren gewissenlos das Wohl ganzer Volkswirtschaften nur bei ihrem eigenen Salär kennen sie keine Grenzen und füllen ihre Taschen mit Löhnen und Boni ohne den geringsten Scham.......soviel zu den "modernen" Bangstern von heute…..!!!

....da Leute wie Brady & Co., sowie die meisten Politiker, weder Scham noch Anstand haben und nur Geld in dieser Welt zur Zeit das Sagen hat wird sich wohl erst etwas ändern, wenn es zu spät ist :farrer leiden wird wie immer das Volk :oo

12.12.2011, 11:17
22.65 Franken IV-Rente pro Monat (http://www.tagesanzeiger.ch/zuerich/region/2265-Franken-IVRente-pro-Monat/story/16190005)

http://files.newsnetz.ch/story/1/6/1/16190005/4/teasersmall16x9.jpg?1323684002 (http://www.tagesanzeiger.ch/zuerich/region/2265-Franken-IVRente-pro-Monat/story/16190005) Fatmir Mustafa verunfallte 2007 bei Gerüstarbeiten am Letzigrund-Stadion schwer – ein Kollege starb. Das Unglück hat sein Leben zerstört. Trotzdem sprach ihm die Suva nur eine Mini-Rente zu.....

.....Im Asylheim in Rüti lernten ihn die Betreuer als «aufgestellten jungen Mann» kennen.

Mustafa wollte nicht untätig herumsitzen, sondern Geld verdienen. Er meldete sich auf ein Inserat der Regensdorfer Adler Gerüstbau GmbH, bei der er einen Arbeitsvertrag unterschrieb. Die kleine Adler GmbH sollte als Unterakkordantin der grossen Roth Gerüste AG die Abbrucharbeiten im Letzigrund besorgen. Obwohl die Roth AG in ihrem Leitbild Sicherheit und Qualität als wichtigste Erfolgsfaktoren nennt, stieg Mustafa ohne jede Ausbildung aufs Gerüst. Die Unfalluntersuchung ergab zudem, dass weder er noch der Vorabeiter wie vorgeschrieben mit Leinen und Karabinerhaken gegen einen Absturz gesichert waren. «Ja, er hat keine Erfahrung gehabt, aber wir haben Leute gebraucht und haben ihn genommen», sagte die Co-Geschäftsführerin der Adler GmbH in der polizeilichen Einvernahme.

Mustafa hatte das Recht, in der Schweiz zu arbeiten. Allerdings hätte die Adler GmbH für ihn vorab eine Arbeitsbewilligung einholen müssen. Der Geschäftsführer tat das nicht. Er wollte das Papier entgegen der Vorschriften erst besorgen, wenn sich der neue Mitarbeiter in seinem Job bewährte. Doch dieser verunfallte schon am dritten Tag.

74 Tage Untersuchungshaft

Nachdem Mustafa im Zürcher Unispital fast eine Woche intensiv behandelt worden war, holte ihn die Polizei in Handschellen aus der Unfallchirurgie und überführte ihn in die Bewachungsstation des Berner Inselspitals. Die Zürcher Staatsanwaltschaft hatte die Verlegung angeordnet. Sie warf Mustafa vor, am Tod seines Arbeitskollegen schuld zu sein: fahrlässige Tötung. Wann immer in Bern medizinische Behandlungen anstanden, wurde er gefesselt hingebracht. Als es sein Gesundheitszustand erlaubte, kam er ins Zürcher Bezirksgefängnis. Bis zum 31. Juli 2007 verbrachte Mustafa 74 Tage in Untersuchungshaft. Seine wenigen Freunde wussten wochenlang nicht, wo er sich befand.

Kurze Zeit später wies ihn sein Arzt wegen akuter Selbstmordgefahr für zehn Tage in die psychiatrische Klinik Schlössli in Oetwil ein. Im Austrittsbericht heisst es, dass den Patienten «Albträume mit Wiedererleben des Unfalls quälten». Er klage über die Sinnlosigkeit des eigenen Lebens und leide darunter, dass man ihm die Schuld am Tod des Arbeitskollegen gebe.

Die Ärzte der Rehaklinik Bellikon, wo Mustafa die nächsten zweieinhalb Monate verbrachte, diagnostizierten eine schwere posttraumatische Belastungsstörung mit Kopfschmerzen, Depressionen, Albträumen, Schlafstörungen und Schwindelanfällen. In dieser Verfassung wartete Mustafa in der Asylunterkunft mehr als ein Jahr auf das Gerichtsurteil, das am 12. Dezember 2008 eröffnet wurde. Das Bezirksgericht sprach ihn der fahrlässigen Tötung schuldig. Er wäre verpflichtet gewesen, bei der Entfernung der Keile «mit der notwendigen Aufmerksamkeit und Vorsicht» vorzugehen, argumentierte der Einzelrichter. Mustafas Anwalt rekurrierte.

«Eine riesige Not»

Ein paar Tage später verfügte das Bundesverwaltungsgericht die Wegweisung Mustafas aus der Schweiz. Sein Anwalt erreichte eine Fristerstreckung aus medizinischen Gründen, denn der Mazedonier musste nach dem Schuldspruch erneut ins Schlössli eingeliefert werden. Eine Suva-Vertrauensärztin befürchtete «die Entwicklung einer andauernden Persönlichkeitsänderung mit Symptomen wie misstrauische Haltung, sozialer Rückzug, Entfremdung, Resignation».

Am 13. April 2010 hob das Zürcher Obergericht das Urteil des Bezirksgerichts auf. Der Richter befand, die Verantwortlichen der Adler GmbH hätten den unerfahrenen Hilfsarbeiter besser instruieren müssen. Die Prozessentschädigung von 8500 Franken ging für Arztkosten drauf. Mustafa lebte von den Taggeldern der Suva.

Von René Staubli. Aktualisiert um 07:11 103 Kommentare (http://www.tagesanzeiger.ch/zuerich/region/2265-Franken-IVRente-pro-Monat/story/16190005#kommentar)

.....wie beschämend für die Schweiz :(:gomad die Kommentare teilweise auch :gomad auch einige :supi

12.12.2011, 11:46
Das sind die grössten Sorgen der Weltbevölkerung (http://www.tagesanzeiger.ch/ausland/europa/Das-sind-die-grssten-Sorgen-der-Weltbevlkerung/story/29719126)

http://files.newsnetz.ch/story/2/9/7/29719126/34/teaserbreit.jpg?1323684912 (http://www.tagesanzeiger.ch/ausland/europa/Das-sind-die-grssten-Sorgen-der-Weltbevlkerung/story/29719126) Politiker und Medien beschäftigen sich fast pausenlos mit den Problemen der Eurozone und dem US-Schuldenberg. Sind dies auch die grössten Ängste der Bevölkerung? Eine neue Studie gibt Aufschluss darüber......
.....Die Wahrnehmung der Probleme unterscheidet sich stark von Land zu Land. Korruption ist etwa in der Türkei, in Ägypten, Indonesien, Nigeria und Peru ein brennendes Thema, die hohen Kosten für Lebensmittel beschäftigen vor allem die Menschen in China, Kenia, Panama und Russland. Die Angst vor Arbeitslosigkeit hingegen führt ein europäisches Land an, das derzeit besonders unter der Krise der Eurozone leidet: Spanien. Mehr als die Hälfte der befragten Spanier (54 Prozent) gaben an, über dieses Thema gesprochen zu haben.

Überraschend tiefe Werte für Deutschland

Diese hohen Werte dürften mit den finanzpolitischen Problemen der Eurozone zusammenhängen – laut BBC gibt die Studie aber nicht eindeutig Aufschluss darüber, ob sie tatsächlich darauf zurückzuführen sind. Andere EU-Krisenländer wie Griechenland, Portugal oder Italien wurden in der Studie nicht berücksichtigt. In Frankreich (10 Prozent der Befragten), Grossbritannien (1 Prozent) und Deutschland (0 Prozent) schien die Arbeitslosigkeit dagegen praktisch (noch) kein Thema zu sein. Dass in letzteren beiden Ländern die Zahlen tief sind, erstaunt allerdings angesichts der kontroversen Diskussion um den Euro-Rettungsfonds und die Zukunft der EU. Keinen Vergleichswert liefert die Schweiz, sie wurde in der Studie nicht berücksichtigt. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Das-sind-die-grssten-Sorgen-der-Weltbevlkerung/story/29719126)

Aktualisiert um 10:18 17 Kommentare (http://www.tagesanzeiger.ch/ausland/europa/Das-sind-die-grssten-Sorgen-der-Weltbevlkerung/story/29719126#kommentar)

12.12.2011, 12:00
«ETF haben den Aktienmarkt verändert»

(http://www.cash.ch/news/topnews/etf_haben_den_aktienmarkt_veraendert-1110594-771)http://www.cash.ch/services/img/play/235/8775_Leippold%5FMarkus.jpg (http://www.cash.ch/video/20225)
12.12.11, 10:13
(http://www.cash.ch/news/topnews/etf_haben_den_aktienmarkt_veraendert-1110594-771)Interview: Pascal Meisser - Wirtschaftsprofessor Markus Leippold erklärt im cash-Interview, wie sich der ETF-Boom an den Aktienmärkten bemerkbar macht und wieso Privatanleger besser die Hände von Börsenindex-Produkten lassen. (http://www.cash.ch/news/topnews/etf_haben_den_aktienmarkt_veraendert-1110594-771)mehr » (http://www.cash.ch/news/topnews/etf_haben_den_aktienmarkt_veraendert-1110594-771)

12.12.2011, 12:12

Berliner Justizsenator tritt zurück (http://www.spiegel.de/politik/deutschland/0,1518,803160,00.html)

http://cdn2.spiegel.de/images/image-292835-breitwandaufmacher-vukq.jpg (http://www.spiegel.de/politik/deutschland/0,1518,803160,00.html)

Erst war nur ein Teilrückzug angekündigt, jetzt ist der Rücktritt besiegelt: Der Berliner Justizsenator Michael Braun gibt sein Amt auf. Der CDU-Politiker soll in dubiose Immobiliengeschäfte verwickelt sein, der Fall hatte den Start der Regierungskoalition unter Bürgermeister Wowereit belastet. mehr... (http://www.spiegel.de/politik/deutschland/0,1518,803160,00.html)

....kein Politiker ohne "Dräck am Stäcke" :bad

12.12.2011, 12:20
Jane Fonda Trashes Republican Presidential Candidates (http://www.huffingtonpost.com/2011/12/11/gop-debates-jane-fonda-scared_n_1141880.html)

http://i.huffpost.com/gen/435263/thumbs/s-JANE-FONDA-large300.jpg (http://www.huffingtonpost.com/2011/12/11/gop-debates-jane-fonda-scared_n_1141880.html)

Jane Fonda has long been known for her political activism, and she did not hold back when asked on Friday by CNN host Piers Morgan about her take on the GOP candidates for president.

"They all scare me frankly," Fonda said, when asked to comment on the intellectual capacity of each member of the field. "I get depressed and scared when I look at the Republican debates."

In response to Morgan seemingly singling out Newt Gingrich and Mitt Romney as the smartest and least threatening of the candidates, Fonda continued to lump the presidential hopefuls together.

"I'm worried about anybody getting elected to office who says we have to do away with or privatize social security, we have to reduce medical health insurance, we have to not raise taxes," she responded. "And, oh, there's no problem with the environment, this is all made up by the left, the scientists don't really know what they're talking about -- this worries me."......

12.12.2011, 12:36
„Gute“ Krise nicht verstreichen lassen (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12837/)

Goldman kritisiert „idiotische Statements“ von europäischen Politikern (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12837/)

Goldman Sachs hält China für das größte Problem der Weltwirtschaft. In Europa fehle dagegen lediglich die richtige politische Führung. (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12837/)

Goldman hilft unterdessen Europa, eine „ordentliche politische Führung“ zu etablieren. Mit Mario Monti ist ein Goldman-Mitarbeiter Regierungschef in Italien, EZB-Chef Mario Draghi kommt ebenfalls von Goldman. Goldman verdient an einzelnen Initiativen des EFSF mit (mehr hier (http://www.deutsche-mittelstands-nachrichten.de/2011/11/11780/)), und berät seit vielen Jahren verschiedene europäische Regierungen in Fragen der Restrukturierung ihrer Staaten (mehr zu Goldman und die Politik – hier (http://www.deutsche-mittelstands-nachrichten.de/2011/11/11670/)).

Deutsche Mittelstands Nachrichten (http://www.deutsche-mittelstands-nachrichten.de/autor/deutsche-mittelstands-nachrichten/) | 12.12.11, 09:22 | 29 Kommentare (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12837/#comments)

12.12.11 um 10:49 (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12837/#comment-2650)
Gast sagt:
Die werden doch wohl bei Goldmann Sachs noch ein Paar abgehalfterte ehemalige Mitglieder des Vorstands haben die sie in die europäischen Führungspositionen in Brüssel bringen können.

12.12.11 um 11:48 (http://www.deutsche-mittelstands-nachrichten.de/2011/12/12837/#comment-2657)
kneipier sagt:
Bislang haben alle deutschen Bundesbankpräsidenten nach ihrem Ausscheiden in die Vorstände der Banken um Goldman Sachs “rübergemacht”.
Wohlverhalten wird belohnt.

12.12.2011, 13:06
http://www.zerohedge.com/sites/default/files/pictures/picture-9750.png (http://www.zerohedge.com/users/ransquawk-video)
RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 12/12/11 (http://www.zerohedge.com/news/ransquawk-european-morning-briefing-stocks-bonds-fx-etc-%E2%80%93-121211)

Submitted by RANSquawk Video (http://www.zerohedge.com/users/ransquawk-video) on 12/12/2011 - 06:23


12.12.2011, 13:09
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Moody's Unhappy With Friday Euro Summit, To Review Ratings, Warns Of "Multiple Defaults And Exits By Euro Area Countries" (http://www.zerohedge.com/news/moodys-unhappy-friday-euro-summit-review-ratings-warns-multiple-defaults-and-exits-euro-area-co)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 07:06 The main weight on the EURUSD this morning is not only the virtual certainty of S&P cutting Europe's AAA club, after it called Europe's bluff and Europe revealed a 2-7 offsuit, but a report just released from Moody's which said that the rating agency looked at the European abyss, and did not like what it saw at all. As a result, Moody's has warned that it was review the ratings of all EU countries in Q1 as the summit has failed to produce "decisive policy measures" (we emphasize this for our friends at Bloomberg TV). It says: "As a result, the communiqué does not change our view that the crisis is in a critical, and volatile, stage, with sovereign and bank debt markets prone to acute dislocation which policymakers will find increasingly hard to contain. While our central scenario remains that the euro area will be preserved without further widespread defaults, shocks likely to materialise even under this 'positive' scenario carry negative credit and rating implications in the coming months. And the longer the incremental approach to policy persists, the greater the likelihood of more severe scenarios, including those involving multiple defaults by euro area countries and those additionally involving exits from the euro area." The result, as one can imagine, a surge in Italian and Spanish yields, and redness across the screen.

12.12.2011, 13:23
Warum die USA gegen IWF-Kredite zur Eurorettung sind (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Warum-die-USA-gegen-IWFKredite-zur-Eurorettung-sind/story/21464945)

http://files.newsnetz.ch/story/2/1/4/21464945/16/teaserbreit.jpg?1323692203 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Warum-die-USA-gegen-IWFKredite-zur-Eurorettung-sind/story/21464945) Präsident Obama: «Die Europäer sind reich genug.» Der Schweiz droht eine heikle Gratwanderung. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Warum-die-USA-gegen-IWFKredite-zur-Eurorettung-sind/story/21464945)

Von Philipp Löpfe (http://www.tagesanzeiger.ch/stichwort/autor/philipp-loepfe/s.html). Aktualisiert vor 55 Minuten 12 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Warum-die-USA-gegen-IWFKredite-zur-Eurorettung-sind/story/21464945#kommentar)

....ob Herr Obama weiss wie viele Ami-Banken ebenfalls ins Trudeln kämen gingen einige europäische Länder den Bach runter :confused:rolleyes

12.12.2011, 13:34
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Daily US Opening News And Market Re-Cap: December 12 (http://www.zerohedge.com/news/daily-us-opening-news-and-market-re-cap-december-12)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 07:24

Moody's said that the European crisis is still in a critical and volatile stage, adding that it will revisit ratings of all EU sovereigns in the first quarter of next year
According to S&P, it wanted to send a strong signal that the Eurozone is facing risk of a major recession, and significant credit crunch
The Italian/German 10-year government bond yield spread widened despite a successful T-Bill auction from Italy as well as market talk of the ECB buying Italian government paper
Deutsche Bank cut its UK growth forecast for 2012 to zero, and said it now expects the BoE to buy a further GBP 75bln of Gilts in February, then a final GBP 50bln in May

12.12.2011, 15:12
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Iran Military Practicing Straits Of Hormuz Closure (http://www.zerohedge.com/news/iran-military-practising-straights-hormuz-closure)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 08:01 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Strait_of_Hormuz.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Strait_of_Hormuz.jpg)

And just in case a brutal reminder that nothing is solved in Europe is not enough, here comes Iran:


Comments: 75 (http://www.zerohedge.com/news/iran-military-practising-straights-hormuz-closure#comments)
Reads: 4,535

12.12.2011, 15:15
...zum Glück gibt es auch so etwas :supi :)

Kultur: 12. Dezember 2011

Im Reich der Riesen-Rhododendren (http://www.nzz.ch/nachrichten/kultur/aktuell/im_reich_der_riesen-rhododendren_1.13603073.html)

[/url][url="http://www.nzz.ch/nachrichten/kultur/aktuell/im_reich_der_riesen-rhododendren_1.13603073.html"]Vier Gärten für alle Jahreszeiten im normannischen Varengeville

Im normannischen Tausend-Seelen-Dorf Varengeville liegen vier Gärten dicht beieinander, die, jeder auf seine Art, zu einer Reise durch das Reich der Flora einladen. Seit diesem Sommer sind alle vier für Besucher geöffnet – ein Rundgang in Begleitung ihrer Besitzer oder Betreiber. ...


12.12.2011, 15:17
Digital: 12. Dezember 2011, 12:07

«Ich suche Talente, keine Heiligen» (http://www.nzz.ch/nachrichten/digital/karl_theodor_zu_guttenberg_neelie_kroes_1.13609964.html)

http://www.nzz.ch/images/karl_theodor_zu_guttenberg_small_1.13610959.1323689824.jpg (http://www.nzz.ch/nachrichten/digital/karl_theodor_zu_guttenberg_neelie_kroes_1.13609964.html) EU-Kommissarin verschafft Karl-Theodor zu Guttenberg einen Job :rolleyes :nw

Der wegen einer weitgehend abgeschriebenen Doktorarbeit als deutscher Verteidigungsminister zurückgetretene Guttenberg ist von EU-Kommissarin Neelie Kroes als Berater verpflichtet worden. Es geht um «Freiheit im Internet». Dies sei aber kein politisches Comeback, so Guttenberg. ...


12.12.2011, 15:36
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Cashin On The Anniversary Of Bank Of The United States' Failure, The Start Of US Bank Runs And The Great Depression (http://www.zerohedge.com/news/cashin-anniversary-bank-united-states-failure-start-us-bank-runs-and-great-depression)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 09:15 Art Cashin recalls how it all started 81 years ago. Naturally, it "ended" with World War 2. Will history rhyme, or will "this time be different"?....

.....On this day (-1) in 1930, American savers, the Federal Reserve and a Republican President all got a nasty surprise. The banking system had been shaky for a year or two but it looked like things might finally be beginning to stabilize. That is until today. On this day, a major financial institution, The Bank of the United States went belly up. And, with it went the savings, "in whole or in part", of over 400,000 depositors.

The Bank of the United States has been a historically unlucky name for several institutions. The first “Bank of the United States” was proposed by no less than Alexander Hamilton. It was a privately held central bank for the United States some 125 years before the Fed was created. It was very controversial as Southerners saw it as a boon and tool of the mercantile North while the South’s main industry, agriculture, didn’t need strong banking. The bank’s charter was allowed to expire and the bank disappeared.......

Comments: 15 (http://www.zerohedge.com/news/cashin-anniversary-bank-united-states-failure-start-us-bank-runs-and-great-depression#comments)
Reads: 2,307

Mon, 12/12/2011 - 09:20 | 1969800 (http://www.zerohedge.com/news/cashin-anniversary-bank-united-states-failure-start-us-bank-runs-and-great-depression#comment-1969800) new Ruffcut (http://www.zerohedge.com/users/ruffcut)
http://www.zerohedge.com/sites/default/files/pictures/picture-13976.jpg (http://www.zerohedge.com/users/ruffcut)
I thiink it too be worse. Too many criminals to feed and too much fire power. Even without war, it is self destruct mode.

12.12.2011, 15:42
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
European Financial Credit Sending Worrying Signals (http://www.zerohedge.com/news/european-financial-credit-sending-worrying-signals)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 09:24 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/12/20111212_EUHYIG_1.png (http://www.zerohedge.com/news/stocks-volumelessly-soar-credit-tells-different-tale)

We warned on Friday (http://www.zerohedge.com/news/stocks-volumelessly-soar-credit-tells-different-tale) that the strength in equities was divergent from any of the higher beta risk-on trades and today has seen this divergence grow even larger as European credit markets are selling off considerably even as stocks maintain some semblance of extending-and-pretending. Subordinated financial credit has now retraced over 62% of the rally from 11/25 to 12/7 and XOver (the European high yield credit index) has retraced 50% of that rally. The broad European equity index tracked by Bloomberg has lost significantly less, seemingly ignorant of the stress (EUR-USD basis swap widest in two weeks) as we see even Main (the European investment grade credit index) now starting to drop notably. If, as we have experience cycle after cycle, credit anticipates and equity confirms, then it seems to make sense (especially given the concerted weakness in metals which suggests some kind of margined selling or cash-need desperation) to at worst hedge long equity beta.

Comments: 11 (http://www.zerohedge.com/news/european-financial-credit-sending-worrying-signals#comments)
Reads: 1,310

12.12.2011, 15:46
Mister Dax und der grosse Crash :rolleyes

http://files.newsnetz.ch/story/1/9/0/19003367/38/teasersmall16x9.jpg?1323700917 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Mister-Dax-und-der-grosse-Crash/story/19003367) In spätestens drei Jahren werde es einen Kollaps auf den Finanzmärkten geben, meint Dirk Müller, einer der gefragtesten Börsenexperten Deutschlands. Und er sagt, was Anleger in der Zwischenzeit tun können.....

.....Als Autor des kürzlich erschienenen Buchs «Cashkurs» vermittelt Müller teilweise ganz simple Botschaften. Dazu gehört, ein Haushaltsbuch zu führen und zu schauen, dass jeden Monat mehr Geld reinkommt als rausgeht. Oder nur solche Verträge abzuschliessen, die man wirklich versteht. Und die wichtigste Botschaft lautet: Kümmert euch selbst um eure Finanzen, bevor es andere tun und euer Geld weg ist.

Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Mister-Dax-und-der-grosse-Crash/story/19003367)

Aktualisiert um 13:46 3 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Mister-Dax-und-der-grosse-Crash/story/19003367#kommentar)

...na ja - uch dann kann das Geld weg sein :schwitz aber wenigstens weiss man warum :oo

12.12.2011, 15:54
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Will The US De-Couple? Or Is It Time To Re-Couple? (http://www.zerohedge.com/news/will-us-de-couple-or-it-time-re-couple)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 09:46 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/12/20111212_INDGlobal_1.png

Maybe, but not in the way everyone seems to think. Haven't we already decoupled? Sure, but maybe we will just finally catch up to the rest of the world. The US stock market has outperformed the world this year. It seems just as easy that we decouple by other markets outperforming - especially since most people talk about the opposite occurring. We have decoupled, so I would be worried about re-coupling, or that we decouple in a bad way. The "decoupling" theory seems very priced in global stock markets so be careful using this as a reason to get too bullish.

Comments: 5 (http://www.zerohedge.com/news/will-us-de-couple-or-it-time-re-couple#comments)
Reads: 559

Mon, 12/12/2011 - 09:51 | 1969917 (http://www.zerohedge.com/news/will-us-de-couple-or-it-time-re-couple#comment-1969917) new melanie (http://www.zerohedge.com/users/melanie)
http://www.zerohedge.com/sites/default/files/pictures/picture-72734.jpg (http://www.zerohedge.com/users/melanie)
Decoupling is a myth in this interconnected global economy. Hence the term contagion. In 1997 when Thailand asked for bail-out money it was not granted because the US thought it was an isolated case. Wrong, next it caused the Asian financial crisis. Next they bailed-out Korea in order to avoid a global economical meltdown. If there was no decoupling in the case of Thailand or Korea 15 years ago, there will certainly be no decoupling possible now with Europe.

12.12.2011, 16:18
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: Plan B For "Breakup" (http://www.zerohedge.com/news/guest-post-plan-b-breakup)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 10:11 There were only two questions that mattered, going into the EU summit.

Would leaders at the summit come up with any actions of their own to help end the immediate crisis?
Falling short of this, would any of their actions give enough confidence to the European Central Bank to allow it step up its role and be a lender of last resort to all troubled eurozone countries, but especially to wobbly Italy? In other words, could the conservative ECB now give itself the greenlight to print euros and buy up bonds from the world’s third largest issuer?
The answer to the first question is very clear: NO. The answer to the second question is, unfortunately, another question. “Who the heck knows?” Time to consider plan B.

Comments: 2 (http://www.zerohedge.com/news/guest-post-plan-b-breakup#comments)

Reads: 370

12.12.2011, 16:46
Imagine what a global bank run would do for that ole holiday spirit – not to mention the GDPs of the world (http://goldtent.org/?p=126516)

-> Posted by Richard640 @ 10:09 am on December 12, 2011
The Cookie Crumbles
By James Howard Kunstler
on December 12, 2011 9:28 AM

A lot can happen in two weeks, which is what remains before the glorious orgy of gifts, sugar plums, and roast goose. Imagine what a global bank run would do for that ole holiday spirit – not to mention the GDPs of the world. Oh, weeping celestial choirs! I suppose we generally assume that God Almighty himself would move heaven and Earth to prevent such a dire convergence of Christmas and a banking collapse, but perhaps the Old Diety is asleep at the switch like the US Department of Justice, the SEC, and a whole alphabet load of other watchful regulators in this, our only known universe.

Reality is a harsh mistress. She insists that you pay attention and then, having done so, take care of business. Politics, on the other hand, is more like stage magic. The man in the tuxedo is always trying to divert your attention. The world has run out of money, that is credible money of the type that represents real wealth, and yet is up to its ears in paper representations of putative wealth-like stuff: mortgages, credit default swaps, Gold ETFs, synthetic CDOs, naked shorts, bonds of all sorts. And now, alas, at Christmas time, the world has gotten a margin call and needs to fork over a whole lot of collateral in order to demonstrate that the global system of financial obligations is legit. Only the collateral turns out to be all this dubious paper, really just a bouquet of promises to pay in distant future Tuesdays for trillions of hamburgers today.

Nobody who observed the proceedings in last week’s European Union talks came away from that spectacle feeling reassured. Brussels is like a ventriloquist’s dummy sitting on Germany’s knee. Germany cannot just step up and act like the Boss of Europe. Too many bad memories of an earlier instance, when a gang of maniacs wearing uniforms studded with grinning totenkopf insignia turned the whole region into a charnel house. So, Germany has to pretend to speak through Brussels. The message was: listen up all y’all nations of the Eurozone! Prepare to live on a whole lot less than you’re used to! Do not exceed your borrowing and spending! Or else!

Yes, the lingering question: or else…what?

It is safe to say that nobody believed this mummery. Anyway, Great Britain (a.k.a. Old Blighty) simply checked out. The sceptered isle is now Europe’s dog-house. They stayed out of the Euro currency for a reason: so that their equivalent of Wall Street, the City of London, could short the shit out of it when the time came, a strategy that begins to look absolutely brilliant – except considering what Old Blighty is otherwise left with as an economy: Scotch whiskey, mints, and a whole lot of Halal grocery shops, with the Royals as window dressing. (I’d sooner invest in Argentina, with its amber waves of grain.)

The old animosities are leaking out of Pandora’s History Box. Stolid Angela Merkel is stepping on Nikolas Sarkozy’s size 14 ½ neck – how long before he starts to buck and holler? The astrologasters cannot come up with any math that shows Italy can meet its forthcoming debt payments. But they are only the leaders of a deadbeat posse that includes virtually everybody else in EuroClub, except perhaps Holland, Germany, and Finland. Could they really start beating up on each other with armies again? It would appear unthinkable. But that is exactly why the First World War destroyed the morale of Western Civ in 1914, too, after the Long Peace that followed the Napoleonic Wars. You’re standing there on a lovely street corner in Verdun and the unthinkable whaps you upside the head. So much for the quality of advanced thinking in the Modern Age. Maybe its Poland’s turns to rule the world?

In any case, the storyline is as much about the banks as the nations they are in. The banks are at the point where they can conduct business with each other only by pretending that exchanges of value are taking place. Nobody sees any lines of depositors forming on the sidewalks outside their branch offices, but then again nobody can see the digital zeros and ones streaming through the fiber-optic cable, either, and that’s certainly where the action is. For the moment that action has a direct line into the perceived greater safety of Wall Street. Oh, yeah, follow Jim Cramer’s advice and buy buy buy. Invest in a nation of lawless slobs with a two-second attention span oscillating between Nascar and the Real Housewives of Beverly Hills.

Did you catch President Obama on 60 Minutes last night. Charming fellow. Sincere and even purposeful, too. But displaying a big patch of cluelessness, like virtually everybody else in a position of authority in this benighted land. The President intimates that we will surely return to the turbo economy of a fast-receding yore. He is missing something big there. We are not going back to that. The fiesta is over. And his job is not to try to go back there, because it is impossible. His job was to lead an epochal re-set of the economy to a very different disposition of things, smaller, finer, more local. It is so far outside the box he’s in that light-years cannot even begin to describe the distances involved. And I completely dismiss his claim that the reason no prosecution of Wall Street misconduct happened was because, however odious their schemes and scams were, they were technically legal.

Anyway, I’m already looking forward to the nominating conventions of next summer, when angry mobs of the swindled and desperate descend on Charlotte and Tampa like ravaging locusts. Won’t that be a wake up call!

And now to bake all my Christmas Cookies.

12.12.2011, 17:01
Martin Armstrong (http://goldtent.org/?p=126423)

-> Posted by goldielocks @ 23:46 pm on December 11, 2011
“We are ready to attend your conference in Europe as a follow on to Philidelphia. We simply cannot be molested and groped by TSA , border patrol, VISA control, etc. We refuse.”
I want to deeply apologize for the conduct of the United States. As someone who has suffered the heel of the boot of these vile and uncivilized people, I fully understand and it will be the last international conference I will ever do in this country. This is a sample of the emails I received from non-US readers. Others required a letter from me just to have an invitation to get a visa. Others trying to send a bank wire had their money held for weeks. The horror stories of those who attended being fingerprinted at the border and treated like pieces of shit have shocked me. I can only express my sincere regret for the unprincipled police state that has emerged. The Statue of Liberty should just be melted down and recast into chains. There was an elderly man from Germany who did not speak English and his son stepped up to the counter with him only to be screamed at that if he did not get back, the agent would refuse to let him enter the USA. I did not realize how bad the United States has become regarding normal business travelers. This is worse than what I experienced even going behind the Berlin Wall. I deeply apologize for the insane police state tactics to which they are subjecting all travelers to the USA even for business. I will make every effort to try to set up a conference in Europe and Asia within the coming months and will never again hold an international conference in the United States. I will personally deliver my objections to Congress.
They do not do this to Americans for that would be illegal and a criminal act of a violation of your civil rights. This speaks volumes of how this nasty emergence of government in America views the rest of the world. Nonetheless, this practice is still UNCONSTITUTIONAL as applied to foreigners and violated even international law for the American Revolution ended Personal Jurisdiction and adopted Territorial Jurisdiction that changed the world. Previously, you were the subject of the king. If you violated the law in another country, they did not punish you and sent you back to your king as his “subject” (Property). Since the American Revolution was against monarchy, they had to decide what would to do with a citizen of another country who committed a crime. Territorial Jurisdiction was then born. In other words, the constitution was deemed to also apply the full rights, privileges, and immunities to foreigners when in the United States the same as a citizen because they would then be tried in the USA and not sent back to some king. So the US is acting illegally. You cannot have it both ways. This is either Territorial Jurisdiction where foreigners have the same rights as citizens or we are back to the old “subject” of the king shit. The terrorists for the World Trade Center attacks were given lawyers and trials in New York. They denied me those rights arguing I was a corporate officer and since corporations have no such rights lacking a biological form, in my capacity as a corporate officer I had no personal rights either opening the door to life detention until you die with no charge and no trial. The United States could not deny those rights to visiting individuals and thus they are now doing violating the Constitution as standard operational procedure. This is outrageous and a violation of everything that was supposed to make us a “free” society. They obviously look upon everyone as scum at this point and they are behind schedule with 1984.

I want to make this very clear for it pertains to citizens and visitors alike. We need a new special court with rotating judges that are professors from all universities in panels of 7 not appointed by the President for life or some other bullshit and they CAN NEVER hold a government job in the past or future. The Executive would have to present what they intend to do FIRST and this court would rule if it would be allowed under the Constitution. As it stands now, they act ruthlessly and it is always the burden of the target to PROVE he has any rights whatsoever. The Constitution provides NOTHING as any sort of guideline or deterrent toward government. We always get the heel of the boot on our necks. There is no liberty anymore and we are not a free society when we have to prove we have rights to stop the action oppressing us. Write to your Ambassador and object to this treatment.

Territorial Jurisdiction in US law refers to a court’s power over events and persons within the bounds of a particular geographic territory. If a court does not have Territorial Jurisdiction over the events or persons within it, then the court cannot bind the defendant to an obligation or adjudicate any rights involving them. Thus, it is a violation of every fundamental principle of civilized countries for the USA to treat a visiting citizen of another country in such a manner different than its own citizens and this the Fourth Amendment requires probable cause to take fingerprints. This is an illegal search and seizure of your personal privacy. Running your name against a database is one thing, but to create a database of every traveler with fingerprints is the worst kind of police state and that data will no doubt be shared with your home country. So if your home state cannot create national identity cards in such a manner, it can do so clandestinely with the police state of the USA. Foreign citizens should file suit against the United States and demand damages and that this outrageous database be destroyed.
One of my favorite cases explaining international law and its development is REID v. COVERT, 354 U.S. 1 (1957) where the opinion written by MR. JUSTICE FRANKFURTER, concurring in the result is quite enlightening. I have provided just that relevant section below.

www.martinarmstrong.org/files/Unconstitutional%20American%20Police%20State%2012-09-2011.pdf (http://www.martinarmstrong.org/files/Unconstitutional%20American%20Police%20State%2012-09-2011.pdf)

:rolleyes (http://www.martinarmstrong.org/files/Unconstitutional%20American%20Police%20State%2012-09-2011.pdf) .....ach du tolles Amerika :bad


12.12.2011, 17:08
Russische Präsidentenwahl

Milliardär Prochorow tritt gegen Putin an (http://www.spiegel.de/politik/ausland/0,1518,803219,00.html)

Wladimir Putin bekommt Konkurrenz. Drei Monate vor der Präsidentenwahl kündigt der Oligarch Michail Prochorow überraschend seine Kandidatur an. Der Multimilliardär könnte Russlands mächtigstem Mann tatsächlich gefährlich werden.....

.....Politisch gilt er als widersprüchliche Figur. So schrieb er gerade erst in einem Internetblog angesichts der Proteste gegen die umstrittene Duma-Wahl, dass Putin im Moment der einzige Politiker sei, der den "ineffektiven Staatsapparat" lenken könne. Die liberale Opposition sieht das anders: Sie stellt Putins Autorität nach den Betrugsvorwürfen bei der Parlamentswahl (http://www.spiegel.de/politik/ausland/0,1518,801770,00.html) in der vergangenen Woche in Frage. Am Samstag protestierten Zehntausende Menschen in Moskau gegen den Regierungschef (http://www.spiegel.de/politik/ausland/0,1518,802967,00.html).

Liberale Ansichten vertrat Prochorow dagegen in einer anderen Frage. So sprach er sich mehrfach für die Freilassung des Kremlkritikers und Ex-Ölmanagers Michail Chodorkowski (http://www.spiegel.de/thema/michail_chodorkowski/) aus. Außerdem hält er nach eigenen Angaben eine Zusammenarbeit mit dem unlängst entlassenen Finanzminister Alexej Kudrin für möglich. In der Zeitung "Wedomosti" äußerte sich auch Kudrin über neue politische Pläne.

Ursprünglich wollte Prochorow die Partei "Rechte Sache" bei den Parlamentswahlen anführen (http://www.spiegel.de/politik/ausland/0,1518,763205,00.html), in Absprache mit dem Kreml. Das Projekt fiel bei den Machthabern jedoch in Ungnade, die Partei erhielt bei den Parlamentswahlen weniger als ein Prozent der Stimmen. Beobachter vermuteten, dass sich Prochorow aus Sicht der Kreml-Strategen zu viele Freiheiten herausgenommen hatte und deshalb gehen musste......mehr... (http://www.spiegel.de/politik/ausland/0,1518,803219,00.html) [ Video (http://www.spiegel.de/video/video-1165959.html) | Forum (http://forum.spiegel.de/showthread.php?t=49853) ]

:rolleyes :confused ...er wird wohl auch einige Tolcken in seinem Reinheft haben :oo

12.12.2011, 18:30
12 December 2011

The European Union Is No Different Than Russia and China? (http://jessescrossroadscafe.blogspot.com/2011/12/european-union-is-no-different-than.html)

I was astonished, when I started to read what promised to be an interesting piece about the Fed swap lines, that Chris Whalen thinks that with regard to political and economic freedom there is no distinction to be made among Europe, Russia and China. Perhaps he is writing from the perspective of the banks, who are quite unhappy with some proposed European restraints.
"Many readers of The IRA have asked us in the past several months if we despair for the future of the United States and the economic system built upon the much abused dollar. The short answer is no; we at IRA are bullish on the United States, in part because the very democratic freedom that allows Americans to commit acts of libertine stupidity is also our greatest strength.

No matter how much gold is stored in the central banks of the nations of the old world such as China, Russia and the European Union, these nations are not democratic. No amount of monetary rectitude will offset the fact that the peoples of the old world are not free to act, either in political or economic terms."

Chris Whalen, The Fed as the New Global Aristocracy (http://us1.institutionalriskanalytics.com/pub/IRAMain.asp) Contrast that expression of American financial triumphalism with this blistering comparison of the Arab protests and the Occupy Wall Street Movement.
"And that is the true parallel in the West. The protest movements are indeed against Big Business – a perfectly justified cause – and against "governments". What they have really divined, however, albeit a bit late in the day, is that they have for decades bought into a fraudulent democracy: they dutifully vote for political parties – which then hand their democratic mandate and people's power to the banks and the derivative traders and the rating agencies, all three backed up by the slovenly and dishonest coterie of "experts" from America's top universities and "think tanks", who maintain the fiction that this is a crisis of globalisation rather than a massive financial con trick foisted on the voters.

The banks and the rating agencies have become the dictators of the West. Like the Mubaraks and Ben Alis, the banks believed – and still believe – they are owners of their countries. The elections which give them power have – through the gutlessness and collusion of governments – become as false as the polls to which the Arabs were forced to troop decade after decade to anoint their own national property owners. Goldman Sachs and the Royal Bank of Scotland became the Mubaraks and Ben Alis of the US and the UK, each gobbling up the people's wealth in bogus rewards and bonuses for their vicious bosses on a scale infinitely more rapacious than their greedy Arab dictator-brothers could imagine."

Robert Fisk, Bankers are the Dictators of the West (http://www.independent.co.uk/opinion/commentators/fisk/robert-fisk-bankers-are-the-dictators-of-the-west-6275084.html) According to Janet Tavakoli (http://www.huffingtonpost.com/janet-tavakoli/wealthy-patriots-wage-cla_b_1142946.html?), even the well-heeled and highly educated are beginning to show their puzzlement and disgust for the blatant cover up of fraud as demonstrated in this instance of the credibility trap."Afterwards, several people came to me and to the other questioners. Much of the audience complained to CCGA's conference organizers. All were disappointed in Professor Shiller. A male CPA in the audience later contacted me via my website and wrote that he was glad I had put the question to Shiller: "though I have a great deal of respect for him, I was disappointed in his 'response' (if you could call it that)."

One woman who earned a Ph.D. in history found Shiller's response to me "incoherent:"I was with my husband, brother, and his wife. I chatted with the stranger next to me and at least two people escaping at the same time [leaving after the speech]. No one could believe what a huge "fail" the evening had been...the failure of our political and expert classes to address the core issues...have alienated even those working in the financial industry--right up into the rung below the top of the food chain...this feels like the Ancien Régime's last days.Alumni of the Federal Reserve, corrupt politicians, and willfully blind academics would be correct to say that evening was a case of "class warfare." Well-heeled U.S. patriots declared war on the lack of class demonstrated by their financial peers."Perhaps Americans can revel in their unique freedom of action when they step to the voting booths next fall, and vote for one of the two choices offered to them by their corporate oligarchs, while their elected representatives continue to ignore massive bank frauds and the gaming of the system by the monied interests, now colloquially called the 'one percent.'

And don't step out of line or speak up because you may be pepper sprayed at will.

But more interestingly, it seems likely from my read of the demimonde that the States are going to diverge from Europe once again in some greater policy matter, probably involving a shock like nationalizing the banks, or even a military solution to a nagging problem. And this piece from Chris Whalen may just be an advance serving of 'freedom fries' with extra ketchup and a side of jingoism.

By the way, I am watching this stock market decline somewhat sceptically this morning. There is the Zynga IPO coming out this week (http://www.bloomberg.com/news/2011-12-12/zynga-ipo-may-cap-biggest-week-for-u-s-offerings-since-march.html), and the markets will welcome it with open hearts and hopefully, your open pocketbooks.

Posted by Jesse at 10:33 AM (http://jessescrossroadscafe.blogspot.com/2011/12/european-union-is-no-different-than.html):verbeug

12.12.2011, 18:41
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Protesters Arrested At Goldman Sachs HQ? (http://www.zerohedge.com/news/17-arrested-goldman-sachs-hq) :bad

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 12:05 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/200%20West.jpg

But fear not: the arrested are not the firm's "god's work-ing" employees; more of the OWS persuasion. From PressTV (http://www.presstv.ir/detail/215273.html): "US police have arrested 17 members of the Occupy movement in New York as the nationwide crackdown on the anti-corporatism protesters continues." When we get additional confirmation of this arrest from US sources, and not-Iranian media, we will update. Luckily, since none of the protesters can close a Goldman (which is still a Bank Holding Company) checking account, we are confident the story will end here.

Comments: 43 (http://www.zerohedge.com/news/17-arrested-goldman-sachs-hq#comments)
Reads: 3,938

Mon, 12/12/2011 - 12:06 | 1970521 (http://www.zerohedge.com/news/17-arrested-goldman-sachs-hq#comment-1970521) new Mongo (http://www.zerohedge.com/users/mongo)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/mongo)
They were satanists... because they were not doing gods work #Irony

Mon, 12/12/2011 - 12:30 | 1970647 (http://www.zerohedge.com/news/17-arrested-goldman-sachs-hq#comment-1970647) new you strawman talking (http://www.zerohedge.com/users/you-strawman-talking)
http://www.zerohedge.com/sites/default/files/pictures/picture-71539.jpg (http://www.zerohedge.com/users/you-strawman-talking)
Oh the irony!:
U.S. calls on Russia to respect the civil rights of peaceful protestors.

12.12.2011, 19:23
Exklusiv-Reportage aus Syrien
Die Stadt Homs ist das Symbol der syrischen Opposition geworden. Täglich gibt es dort Tote und Verletzte. Wie es den Bewohnern der Stadt in dieser von ständiger Gewalt geprägten Umgebung geht, hat ARTE-Reporterin Sophie Nivelle-Cardinale verfolgt. Sie verbrachte 48 Stunden in Homs, immer bedroht von Heckenschützen. Sie und ihr Team drehten ungewöhnliche Bilder. Sie sind exklusiv, denn offiziell ist es keinem ausländischen Journalisten erlaubt, aus Syrien zu berichten.


Montag, 12. Dezember 2011

Die Themen der Sendung (http://www.arte.tv/de/Die-Welt-verstehen/arte-journal/4323874.html)

Camerons Verteidigung (http://www.arte.tv/de/Die-Welt-verstehen/arte-journal/4323874.html)
Generalstreik in Italien (http://www.arte.tv/de/Die-Welt-verstehen/arte-journal/4323874.html)
Exklusiv-Reportage aus Syrien (http://www.arte.tv/de/Die-Welt-verstehen/arte-journal/4323874.html) :(:gomad
Ex-Diktator Noriega an Panama ausgeliefert (http://www.arte.tv/de/Die-Welt-verstehen/arte-journal/4323874.html)
"Hans im Glück" für Erwachsene (http://www.arte.tv/de/Die-Welt-verstehen/arte-journal/nav/5098904.html)

12.12.2011, 19:40
http://cdn2.spiegel.de/images/image-293009-thumb-mkcm.jpg (http://www.spiegel.de/kultur/gesellschaft/0,1518,803228,00.html) Twin Towers in Seoul

Architekten-Entwurf empört 9/11-Opfer (http://www.spiegel.de/kultur/gesellschaft/0,1518,803228,00.html)

Die Ähnlichkeit ist unverkennbar. Der Entwurf für zwei Hochhaustürme in Seoul erinnert an das explodierende World Trade Center. Angehörige von 9/11-Opfern sind erschüttert. Die niederländischen Architekten behaupten, eine Wolke habe sie inspiriert. mehr... (http://www.spiegel.de/kultur/gesellschaft/0,1518,803228,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=49873) ]

...na ja - man kann auch übertreiben :rolleyes

12.12.2011, 19:51

Zu früh gefreut: Männer leisten wieder weniger im Haushalt. Liegt das an den Frauen? Die Rückkehr des putzfaulen Mannes (http://blog.tagesanzeiger.ch/mamablog/index.php/20654/die-ruckkehr-des-putzfaulen-mannes/)
Nachdem die Männer Jahr für Jahr mehr im Haushalt mitgeholfen haben, drücken sie sich plötzlich vor dem Putzen und der Kinderbetreuung: Putzmann-Fantasie in Pink.

...lecker Bildchen :kiss;):D

12.12.2011, 19:58
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
$32 Billion 3 Year Bond Prices At Second Lowest Yield Ever, Highest Bid To Cover On Record (http://www.zerohedge.com/news/32-billion-3-year-bond-prices-second-lowest-yield-ever-highest-bid-cover-record)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 13:11 Bond (http://www.zerohedge.com/category/security-name/bond) High Yield (http://www.zerohedge.com/category/tags/high-yield) http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/3%20Year%2012.12.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/3%20Year%2012.12.jpg)

Following the auction of the latest $32 billion in 3 year bonds (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2011/R_20111212_3.pdf), the market is expected to relax as based on the optic the auction was a stunning success, with a High Yield of 0.352%, higher than just the 0.334% hit in September when the market was collapsing. Yet the Bid To Cover of 3.624 was the highest ever in the series of the bond. Now the bad news: Primary Dealers once again accounted for well over 53.9% of the auction: or about $17 billion, which will be promptly repo'ed back to the Fed with the proceeds used for various other purposes. In other words, the clear demand for $15 billion came in the form of Indirects taking down 39.1% and Directs with 7.0%. Nonetheless, with the When Issued trading at 0.36%, there is no doubt that the auction was a smashing success, under the parameters of the US bond issuance regime. In the meantime, we await to see what happens to German Bund auctions in the next few days if the yield once again collapses, and there is just not enough demand at auction.

Comments: 37 (http://www.zerohedge.com/news/32-billion-3-year-bond-prices-second-lowest-yield-ever-highest-bid-cover-record#comments)
Reads: 1,498

Mon, 12/12/2011 - 13:21 | 1970894 (http://www.zerohedge.com/news/32-billion-3-year-bond-prices-second-lowest-yield-ever-highest-bid-cover-record#comment-1970894) new Buckaroo Banzai (http://www.zerohedge.com/users/buckaroo-banzai)
http://www.zerohedge.com/sites/default/files/pictures/picture-14002.jpg (http://www.zerohedge.com/users/buckaroo-banzai)
New, improved 3 year bonds-- with even less annoying yield than ever before! Our grandparents probably never imagined that one day, people could tie up their money FOR THREE WHOLE YEARS and get absolutely nothing for it.
It's a great time to be alive!

12.12.2011, 21:23
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Huge Year For Hugh Hendry's Anti-China Fund (http://www.zerohedge.com/news/huge-year-hugh-hendrys-anti-china-fund)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 13:27 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/12/20111212_china_1.png

Unlike some of the more noteworthy fund managers who appear on our TV screens all too often, Hugh Hendry seems to have been head-down hard at work. The appropriately named Eclectica fund that he manages has had a stupendous year as The FT reports (http://www.ft.com/intl/cms/s/0/dc342280-24cc-11e1-ac4b-00144feabdc0.html#axzz1gLPsMNky) his 'China Short' fund is up over 52% for the year. We discussed his already-solid performance back in September (http://www.zerohedge.com/news/hugh-hendry-fund-soars-40-ytd-china-sinks), when he was up a mere 40% YTD following an exceptional month in September. Given the difficulties of shorting Chinese firms directly, the deeply contrarian manager who makes no apologies for his view of a 1920's Japan-like crash in China (http://www.zerohedge.com/article/hugh-hendry-sees-1920s-japan-crash-china) is clearly doing something right. His positions in Japanese entities with large Chinese exposures makes great sense and the fact that he has kept outperforming this quarter even as Japanese credit has rallied back quite impressively, from spike wides in September and October, seems testament to our TV-Appearance-to-Performance anti-correlation thesis.

Comments: 31 (http://www.zerohedge.com/news/huge-year-hugh-hendrys-anti-china-fund#comments)
Reads: 4,436

Mon, 12/12/2011 - 13:30 | 1970940 (http://www.zerohedge.com/news/huge-year-hugh-hendrys-anti-china-fund#comment-1970940) new FubarNation (http://www.zerohedge.com/users/fubarnation)
http://www.zerohedge.com/sites/default/files/pictures/picture-27117.png (http://www.zerohedge.com/users/fubarnation)
"I would recommend you panic."
- Hugh Hendry

12.12.2011, 21:29
Die Jägerin der verschleierten Terroristinnen (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Jgerin-der-verschleierten-Terroristinnen/story/24668564)

http://files.newsnetz.ch/story/2/4/6/24668564/20/teasersmall16x9.jpg?1323719967 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Jgerin-der-verschleierten-Terroristinnen/story/24668564) Eine Fraueneinheit der US-Armee soll in Afghanistan an Informationen herankommen, die männlichen Soldaten verwehrt bleiben: Sie versucht, das Wissen afghanischer Frauen anzuzapfen. Erstmals endete ein Einsatz tödlich......

..... White wurde gemäss einem Artikel der «Los Angeles Times» (http://www.latimes.com/news/nationworld/nation/la-na-cultural-20111212,0,4424366.story) nach Afghanistan entsandt, um dort den Frauen auf den Zahn zu fühlen.

Ihre männlichen Kollegen taten sich bisher schwer damit. Sie fanden keinen Zugang zu den afghanischen Frauen, die kulturellen Barrieren im konservativen islamischen Land erschwerten die Kommunikation. Dabei wäre dies für die US-Armee äusserst wichtig. «Ohne die Soldatinnen könnten wir mit mehr als der Hälfte der afghanischen Bevölkerung nicht kommunizieren», sagt Tom Bryant, Sprecher der Ausbildungsformation in North Carolina, der White angehörte. Denn rund 70 Prozent der Afghanen sind Frauen oder Kinder – und zunehmend wird der Widerstand gegen die USA über sie organisiert......

Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Jgerin-der-verschleierten-Terroristinnen/story/24668564)

Aktualisiert um 19:54 :rolleyes

12.12.2011, 21:39
Politik: 12. Dezember 2011, 18:01

Gegner Asads starten Generalstreik (http://www.nzz.ch/nachrichten/politik/international/asad_syrien_1.13616060.html)

http://www.nzz.ch/images/syrien_small_1.13616063.1323708356.jpg (http://www.nzz.ch/nachrichten/politik/international/asad_syrien_1.13616060.html) Hohe Beteiligung in Rebellenhochburgen – Kämpfe gehen weiter

(http://www.nzz.ch/nachrichten/politik/international/asad_syrien_1.13616060.html)n Syrien sind am Montag viele Geschäftsleute einem Aufruf zu einem Generalstreik gefolgt und haben ihre Läden geschlossen gehalten. Gleichzeitig gingen die Kämpfe zwischen Asad-Loyalisten und Deserteuren weiter.

(ddp) Aus der Oppositionshochburg Homs haben Augenzeugen berichtet, dass nur Bäckereien, Gemüseläden und Apotheken geöffnet gewesen seien. Auch in den Provinzen Daraa im Süden und Idlib im Nordwesten blieben viele Schulen und Geschäfte geschlossen. Aus Daraa wurde gemeldet, dass Sicherheitskräfte Geschäfte aufgebrochen hätten. Der Streik war von den Oppositionellen als zunächst unbefristet angekündigt.

Kämpfe dauern an – rund 17 Tote

Gleichzeitig dauerten die Kämpfe zwischen syrischen Regierungstruppen und Deserteuren am Montag an. Nach Angaben der in London ansässigen Menschenrechtsorganisation Syrian Observatory for Human Rights (http://www.syriahr.org/)gab es inzwischen auch in der Region Idlib Schiessereien. In Daraa gingen die Kämpfe vom Wochenende weiter. Am Samstag und Sonntag waren mindestens 17 Personen ums Leben gekommen.

Falls der Aufruf zum Streik umfassend befolgt würde, könnte Präsident Asad seine wichtigsten Verbündeten verlieren. In den vergangenen Jahren hatte Asad die Wirtschaft des Landes reformiert und es damit einer breiten Mittelschicht ermöglicht, gut zu verdienen. Wenn dieser wirtschaftliche Wohlstand wegbräche, wäre Asad auch innenpolitisch isoliert. In Damaskus beteiligten sich aber zunächst nur wenige an dem Streik. Schulen und Geschäfte waren in der Hauptstadt Syriens normal geöffnet......


13.12.2011, 11:29
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Scramble For US Safety, As Europe Imploded, Offset The $357 Billion Plunge In Q3 Shadow Banking (http://www.zerohedge.com/news/scramble-us-safety-europe-imploded-offset-357-billion-plunge-q3-shadow-banking)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 00:38 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Shadow%20total%20Q3_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Shadow%20total%20Q3.jpg)

In continuing our exclusive analysis of the periodic variations in the by now all important shadow banking system, we next look at the change in third quarter (3 Months ended 9/30) shadow liabilities as disclosed by the just released Flow of Funds (Z.1) report by the Fed. As by now should have been made all too clear, if there is one threat above all to the monetary regime, primarily of the US but by extension, global, it is the ongoing collapse in shadow banking, which is simply an unregulated pass-thru funding conduit for all the non-traditional banks and bank holding company firms which perform one or all of the three banking functions (http://www.ny.frb.org/newsevents/speeches/2011/slides_030811.pdf): maturity, credit and liquidity transformations. As such these are critical because having peaked at $21 trillion, the shadow banking system was always substantially larger than the traditional banking system since Q4 of 1990 when it finally overtook in terms of total notional, and provided far more broad "credit-money" liquidity to the global financial system than regulated (and we emphasize this word with bold and underline) entities. And since the burst of the credit bubble, the liquidity is now evaporating on a quarterly basis. So cutting to the chase, in Q3, US shadow banking declined by $357 billion to $15.2 trillion in liabilities, a decline of $654 billion in 2011 YTD, and a drop of $5.7 trillion from the $20.9 trillion peak in March of 2008. Such an uncontrolled ongoing collapse, primarily brought by the disappearance of dumb incremental (marginal) money originating in Germany (Landesbanks) and Spain (Cajas), as well as various Asian sources of dumb money, is beyond a shadow of a doubt the biggest deleveraging threat to the global monetary system bar none. And here is where the central banks step in.

Comments: 55 (http://www.zerohedge.com/news/scramble-us-safety-europe-imploded-offset-357-billion-plunge-q3-shadow-banking#comments)
Reads: 5,732

Tue, 12/13/2011 - 01:18 | 1972941 (http://www.zerohedge.com/news/scramble-us-safety-europe-imploded-offset-357-billion-plunge-q3-shadow-banking#comment-1972941) new LeBalance (http://www.zerohedge.com/users/lebalance)
http://www.zerohedge.com/sites/default/files/pictures/picture-13368.jpg (http://www.zerohedge.com/users/lebalance)
someone is seriously in illusion land.
"Why is the Fed so anxious to throw the American tax payer under the bus in order to save the Euro?"
you are kidding right?"
"Because I cannot see the Europeans lifting a finger to save the USA (or China) in the event the shoe was on the other foot."
There are no Europeans involved here, no Americans either. The folks that are involved here have left the Foolish divide and conquer nationalistic masturbation "mine bigger than yours" horseshit at the door. Its just 3 guys in a room in Geneva. Or NY. Or wherever.
The so-called Europeans are j6p just like the so-called Americans. And neither of those groups is doing and Lifting in these matters.
Lifting as in Theft.
Seriously you must be waving the flag chanting USA USA USA and watching miracle on ice on a loop tape.

.....ist mir alles etwas zu undurchsichtig :rolleyes:oo

13.12.2011, 11:49
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The $30 Trillion "Problem" At The Heart Of Shadow Banking - A Teaser (http://www.zerohedge.com/news/30-trillion-problem-heart-shadow-banking-teaser)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2011 - 18:19

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Matt%20King.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Matt%20King.jpg)

Frequent readers know about Zero Hedge's fascination with the murky world of "shadow banking (http://www.zerohedge.com/taxonomy_vtn/term/11731)" a topic we have been covering since late 2009, which can best be summarized as follows: the near-infinite fungibility of electronic credit-money equivalents within the infinitely interconnected modern financial system. The recent escalation in the discovery of massive broker capital deficiency courtesy of the MF Global bankruptcy as a result of a collapse in one of the numerous shadow banking funding pathways, namely rehypothecation, is just the very tip of the iceberg. Much more is coming, as shadow banking continues to be unwound day after day (we will post an update of the Q3 data later in the day). In the meantime, we go back to that one certain Citi report from September 5, 2008 which explained just how broken the financial system was that according to some, the realization, and not some ulterior deathwish, is what sparked the run on Lehman, and subsequently money market, ABCP, repos, synthetics, structured products, securities lenders, AIG, and everything else that the Fed had to step in with a roughly $30 trillion bail out. Why was it $30 trillion? Simple: because at its heart, the "shadow banking" system has a $30+ trillion diabolic funding mechanism, where when one cuts out all the fancy nomenclature, acronyms, abbreviations, and jargon, the bottom line is that there are increasingly less and less hard assets (i.e., cash-flow generating), funding ever more and more liabilities, and where one's assets are another's liabilities in a "fractional reserve" recursive loop, and which in that shadowy sub-center of modern banking - London (because New York is just for regulatory diversion)- the loop can go on literally in perpetuity.

Comments: 245 (http://www.zerohedge.com/news/30-trillion-problem-heart-shadow-banking-teaser#comments)
Reads: 18,093

Mon, 12/12/2011 - 19:03 | 1972094 (http://www.zerohedge.com/news/30-trillion-problem-heart-shadow-banking-teaser#comment-1972094) new Pegasus Muse (http://www.zerohedge.com/users/pegasus-muse)
http://www.zerohedge.com/sites/default/files/pictures/picture-13360.jpg (http://www.zerohedge.com/users/pegasus-muse)
OT. Fast Money Interview: James West of the Midas Letter
He gets some serious licks in. US interests manipulating the paper gold market. 4000 contracts sold in the wee hours last night. Fiat money going to zero value. There will always be a buyer of physical gold. Melissa Lee cut him off abruptly because he KO’ed the entire Fast Money BS-er crew.

Mon, 12/12/2011 - 20:00 | 1972215 (http://www.zerohedge.com/news/30-trillion-problem-heart-shadow-banking-teaser#comment-1972215) new dick cheneys ghost (http://www.zerohedge.com/users/dick-cheneys-ghost)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/dick-cheneys-ghost)
lots of US Banks in "the City".............more than i would have thought.....
"There are 110 banks in the City owned by France and Germany which could be caught up by the tax. Most of the 1,117 foreign banks and financial services firms in the capital are US-owned."

13.12.2011, 11:57
I'd use veto again, says PM

Joe Murphy and Gideon Spanier
12 Dec 2011

David Cameron this afternoon defiantly defended his EU veto, saying he would do the same again.
He told the Commons he would stand up for Britain's interests "for as long as I am Prime Minister".

Mr Cameron said: "I do not believe there is a binary choice for Britain: that we can either sacrifice the national interest on issue after issue, or lose our influence at the heart of Europe's decision-making processes.

"I am absolutely clear that it is possible both to be a full, committed and influential member of the European Union and to stay out of arrangements where we cannot protect our interests. That is what I will continue to do as long as I am prime minister. It is the right course for this country."

Mr Cameron came under fire today for his handling of Friday's Brussels summit when he vetoed an EU treaty aimed at saving the euro. He said he could not sign up to the deal because separate plans for a financial transaction tax would damage the City.

But European Commissioner Olli Rehn warned that London's banks will still face heavier regulation from Brussels.

His intervention seemed to confirm fears among British business leaders that they may lose out by being marginalised. Mr Rehn said: "If this move was intended to prevent bankers and financial corporations in the City from being regulated, that is not going to happen. We must all draw lessons from the financial crisis and that goes for the financial sector as well."

As concern over the veto grew, the euro fell sharply, losing more than a cent against the dollar.

The Lord Mayor of London, David Wootton, confirmed there was a danger of the City losing influence to rivals such as Frankfurt and Paris. "There's a risk and we need to combat that by engaging in the discussions," he said.

Sir Martin Sorrell, chief executive of advertising giant WPP, said of Mr Cameron's veto: "I'd prefer to be inside the tent not outside.
"Change is easier to achieve from within. It seems to be more about politics than economics."

Mr Cameron's decision on Friday, which leaves the other 26 countries of the EU to agree the new pact, has been criticised by his coalition partners and was called "bad for Britain" by Deputy Prime Minister Nick Clegg.

French president Nicolas Sarkozy raised the pressure by saying there are now clearly "two Europes" - one of them without Britain. There are fears that European finance houses based in London would be dragged into the tax anyway by their own countries.

UK Independence Party leader Nigel Farage said: "The City of London faces retribution as a result of Cameron's veto and every step must be taken to protect it from these attacks."

There are 110 banks in the City owned by France and Germany which could be caught up by the tax. Most of the 1,117 foreign banks and financial services firms in the capital are US-owned....
....das scheint mir der Kern der Sache zu sein :rolleyes Ami-Pudel :oo ist wohl wichtiger als die eigene Wirtschaft :madfull story: http://www.thisislondon.co.uk/standard/politics/article-24020148-nick-clegg-says-camerons-euro-move-was-bad-for-britain.do

13.12.2011, 12:05
«Eine Politsatire, die immer bizarrer wird» (http://www.tagesanzeiger.ch/ausland/europa/Eine-Politsatire-die-immer-bizarrer-wird/story/22887173)

http://files.newsnetz.ch/story/2/2/8/22887173/34/teasersmall16x9.jpg?1323773991 (http://www.tagesanzeiger.ch/ausland/europa/Eine-Politsatire-die-immer-bizarrer-wird/story/22887173) Karl-Theodor zu Guttenberg wird einmal mehr mit Häme und Kritik bedacht. Der deutsche Ex-Minister sei nicht nur wegen der Plagiatsaffäre der falsche Mann, um die EU in Fragen der Internetfreiheit zu beraten....

.....Die «Süddeutsche Zeitung» (http://www.sueddeutsche.de/politik/guttenberg-heuert-in-bruessel-an-fortsetzung-einer-bizarren-politsatire-1.1232791) zum Beispiel findet klare Worte: «Guttenbergs neuer Auftrag wirkt wie die Fortsetzung einer Politsatire, die immer bizarrer wird. Ausgerechnet der Ex-Minister, der das Internet für seine Texträuberei missbraucht, der von Onlineaktivisten widerlegt und verspottet wurde, soll nun die Freiheitskämpfer im Netz beflügeln.» Auch der Kommentator der «Hessischen/Niedersächsischen Allgemeinen» spöttelt: «Eben noch schimpfte Guttenberg auf die Undurchsichtigkeit des Netzes, nun ist er Experte für Selbiges.»....

.....Die Menschenrechtsorganisation Human Rights Watch hält die Internet-Initiative von EU-Kommissarin Kroes generell für gut, aber die Personalauswahl «erstaunt» Deutschland-Direktor Wenzel Michalski. «Ich habe noch nie gehört, dass Guttenberg sich irgendwie hervorgetan hat, was die Freiheit im Internet betrifft», sagte der Menschenrechtler. «Es besteht die Gefahr, dass der Inhalt in den Schatten gerät.» Auch bei zahlreichen deutschen Europaparlamentariern sowie Politikern in Deutschland sorgte Guttenbergs neue - unbezahlte (wenigsten das :oo)- Beschäftigung für Stirnrunzeln.

Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Eine-Politsatire-die-immer-bizarrer-wird/story/22887173)

Aktualisiert vor 5 Minuten

.....etwas mehr Zeit braucht es eben schon, bis das Gras drüber gewachsen ist :rolleyes

13.12.2011, 12:10
Politik: 13. Dezember 2011, 11:50

Deutscher Bundespräsident in Erklärungsnot (http://www.nzz.ch/nachrichten/politik/international/wulff_taeuschung_1.13625732.html)

Wulff soll Abgeordnete wegen eines Privatkredits von 500'000 Euro getäuscht haben

http://www.nzz.ch/images/wulff_lead_1.13625875.1323772371.jpg (http://www.nzz.ch/nachrichten/politik/international/wulff_taeuschung_1.13625732.html) Der deutsche Bundespräsident Wulff ist auf Staatsbesuch in Kuwait, in Deutschland ist das Staatsoberhaupt derweil mit dem Vorwurf der Täuschung konfrontiert. Seine Behörde weist dies zurück. Ob für Wulff damit der Vorgang ausgestanden ist, erscheint fraglich.

srs. Der deutsche Bundespräsident Christian Wulff weilt für einen Tag in Kuwait. Doch ausser den Umbrüchen in der Region begleitet ihn auch ein unangenehmes Thema aus der Heimat.

Dem christlichdemokratischen Politiker wird vorgeworfen, am 18. Februar 2010, noch als Ministerpräsident von Niedersachsen, den Landtag (Parlament) des Bundeslandes getäuscht zu haben. Wenige Monate später wurde der Regierungschef zum Staatsoberhaupt gewählt.

Anfrage im Parlament

In einer Anfrage wollten die Grünen im Parlament von Wulff wissen, ob dieser «geschäftliche Beziehungen» unter anderem zum Unternehmer Egon Geerkens unterhalte. Wulff liess dies offiziell für die vergangenen zehn Jahre verneinen.

Wulff und seine Frau Bettina hatten sich nach Informationen der «Bild»-Zeitung einen Privatkredit in Höhe von 500'000 Euro von der Frau des Unternehmers aus Niedersachsen geliehen.

Anfang des vergangenen Jahres war bekanntgeworden, dass das Ehepaar Wulff in der Business-Class nach Florida geflogen war, ohne den vollen Preis für das Ticket zu zahlen. Die Ferien in den USA verbrachte das Ehepaar in einer Villa, die dem Unternehmer Geerkens gehört.....

....kein Politiker ohne "Dräck am Stäcke" :oo:bad


13.12.2011, 12:14
http://cdn1.spiegel.de/images/image-293268-thumb-tict.jpg (http://www.spiegel.de/panorama/justiz/0,1518,803354,00.html) Berliner Weihnachtsmarkt

Kopfgeld auf Giftmischer ausgesetzt (http://www.spiegel.de/panorama/justiz/0,1518,803354,00.html)

Mindestens zehn Menschen hat ein Schnaps-Panscher auf Berliner Weihnachtsmärkten vergiftet - stets schlug er nach ähnlichem Muster zu. Doch vom Täter fehlt jede Spur. Jetzt lobt ein Marktchef eine Belohnung für die Ergreifung des Mannes aus. mehr... (http://www.spiegel.de/panorama/justiz/0,1518,803354,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=49906) ]

....die Kinder lernen doch schon nichts von fremden Leuten anzunehmen :rolleyes
aber man sollte diesem Mann alle seine Fläschchen zum trinken geben :oo

13.12.2011, 12:36

...schade, dass man das nicht schriftlich hat - obwohl nützen tut ja leider eh nix :oo:mad was die Menschen alles machen des Geldes wegen - unglaublich :bad und was sich Menschen alles gefallen lassen - eigentlich noch unglaublicher :oo

13.12.2011, 12:50
Explosive Interview Jim Willie “JP Morgan Crashed MF Global to Avert COMEX Failure, they stole all the accounts that were going to take delivery”

Sherrie Questioning All (http://sherriequestioningall.blogspot.com/2011/12/explosive-interview-silver-doctors-with.html)

This is an absolutely Explosive Interview Silver Doctors has that Jim Willie of the Golden Jackass
did with Bull Market Thinking.

Silver Doctor has allowed me to reproduce the transcript of what they have on the page in regards to what Jim Willie said about MF Global.

If this is true then this is completely Explosive and the Comex and JP Morgan stole everyone’s money to avoid a default! But don’t expect the government to hold them accountable, especially since the Judge assigned the trustee for MF Global that is a counsel for JP Morgan.

Portions of Jim Willie’s interview with Bull Market Thinking:

The Youtube videos of the interview are at the bottom.

We had a COMEX system failure in November. COMEX was ready to default on gold and silver in November. Rather than honor delivery demands in gold and silver- JP Morgan simply stole the money in the accounts that were going to stand for delivery. They had their pockets picked while they were standing in line at the delivery window. Notices of delivery were replaced at stolen accounts!

The Rest...HERE (http://sherriequestioningall.blogspot.com/2011/12/explosive-interview-silver-doctors-with.html)

....also wenn das wirklich alles so ist - und es scheint zu sein - dann sollte man diesen smarten Jamie kurz mal vierteilen :bad

13.12.2011, 13:29
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Previewing Today's 2:15pm FOMC Decision (http://www.zerohedge.com/news/previewing-todays-215pm-fomc-decision)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 07:01 For the most part, today's FOMC decision is expected to be a non-event, if indeed Jon Hilsenrath is still the proper "distribution" venue for the Fed, with Bernanke expected to focus on "communicating" clearer (http://online.wsj.com/article/SB10001424052970204083204577078601620105164.html). There is of course the chance that the Fed has finally realized that the only successful Fed announcement, is that which surprises the market, and in the off chance it wishes to clean itself of allegations it is leaking news to the WSJ, and on the other hand indeed stun the market, there is that modest possibility the Fed may preannounce QE3 today, something which Bill Gross is actively preparing for, by loading up on MBS (http://www.zerohedge.com/news/gross-has-record-60-billion-short-cash-bet-fed-proceed-mbs-monetization)- the security that Citi expects will be monetized to the tune of $700 billion in 2012. Furthermore, SocGen is convinced the Fed will announce QE in a month, so will 30 days this way or that truly matter? After all, it is an election year... plus the hedge funds really need that year end rally, or else the closure of up to 25% of the underperformers will send shock waves within the rehypothecation conduit of Prime Broker shadow funding.

Comments: 7 (http://www.zerohedge.com/news/previewing-todays-215pm-fomc-decision#comments)
Reads: 571

Tue, 12/13/2011 - 07:10 | 1973198 (http://www.zerohedge.com/news/previewing-todays-215pm-fomc-decision#comment-1973198) new Eos (http://www.zerohedge.com/users/eos)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/eos)
Belorussian already carry cash in backpacks! US will be next! LOL :eek :confused


...ich versteh leider nix :(



Zum Original-Beitrag (showthread.php3?p=1428655#post1428655)

13.12.2011, 15:26
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Global USD Shortage As BoJ Swap Demand Jumps 48x (http://www.zerohedge.com/news/global-usd-shortage-boj-swap-demand-jumps-48x)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 09:02 Bank of Japan (http://www.zerohedge.com/category/tags/bank-japan) Japan (http://www.zerohedge.com/taxonomy/term/8436) http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/12/20111213_JYBSC_1.png

Its not just our European colleagues who are struggling under the weight of collateral value losses and de-hypothecation, the USD funding shortage is just as evident in Japan. As part of the globally coordinated central bank swap line extension, the Bank of Japan saw bids for their 84-day USD loans explode by 48 times to around $4.8bn. After jumping 25x the previous week (http://www.zerohedge.com/news/fed-opens-new-fx-swap-line-bank-japan-second-after-ecb), the short-dated loans (one-week term) demand drifted as demand for the 84-day loans (which would get them over the holiday/end-of-year funding debacles and a decent way into the first quarter refi-ganza of next year) was far preferred at the obviously preferential rate of 50bps over 3 month OIS (0.61%). It's also worth noting that the size and demand for Euro-based USD funding is still significantly higher and while cross-currency basis swaps for both JPY and EUR are leaking back towards extreme stress levels, the EUR-USD is getting worse faster than the JPY-USD level (as the differential has widened from 56bps to 78bps in the last week).

Comments: 19 (http://www.zerohedge.com/news/global-usd-shortage-boj-swap-demand-jumps-48x#comments)
Reads: 1,424

Tue, 12/13/2011 - 09:03 | 1973481 (http://www.zerohedge.com/news/global-usd-shortage-boj-swap-demand-jumps-48x#comment-1973481) new Tsar Pointless (http://www.zerohedge.com/users/tsar-pointless)
http://www.zerohedge.com/sites/default/files/pictures/picture-67089.jpg (http://www.zerohedge.com/users/tsar-pointless)
Precious dollar theory.
King Dollar has come for a visit. He's going to be sticking around for much of 2012.
Physical FRNs - get some!

Tue, 12/13/2011 - 09:16 | 1973528 (http://www.zerohedge.com/news/global-usd-shortage-boj-swap-demand-jumps-48x#comment-1973528) new SWRichmond (http://www.zerohedge.com/users/swrichmond)
http://www.zerohedge.com/sites/default/files/pictures/picture-1287.jpg (http://www.zerohedge.com/users/swrichmond)
A visit, yes. As for how long he'll stay, that's anyone's guess.
Denninger will have his moment(s) to crow about deflation, and he'll be shouting it from the rooftops. And then, Mr. Market will realize that there's no way for the U.S. to pay its own sovereign debt when tax revenues are collapsing, and then Mr. Printing Press has his day. How long between the two events? Hours / days / months. When the sheeple demand that "someone do something," it will then be our idea, Ben will be absolved of responsibility, and that will be that.

13.12.2011, 16:37
Japanische Banken saugen sich mit Dollar voll

13.12.11, 10:24
Kurz vor dem Jahreswechsel haben sich die japanischen Banken massiv mit Dollar eingedeckt. Die Dollar-Summe ist die höchste seit Ausbruch der europäischen Staatsschuldenkrise vor rund zwei Jahren.....

.....Japanische Banken liehen sich bei der Zentralbank knapp 4,8 Milliarden Dollar für drei Monate - so viel wie noch nie seit Ausbruch der europäischen Staatsschuldenkrise vor rund zwei Jahren. Im November hatten sie sich noch mit 200 Millionen Dollar begnügt, wie die Bank of Japan am Dienstag in Tokio mitteilte. Damals lag der Zinssatz noch bei 1,12 Prozent, während er diesmal nur 0,61 Prozent betrug.

Im Unterschied zu vielen europäischen Konkurrenten können sich die japanischen Institute auch am Geldmarkt ausreichend mit Dollar eindecken. "Aber die Auktionen der Notenbank sind bequemer, weil große Summen auf einen Schlag zu bekommen sind", sagte der Chefvolkswirt des Forschungsinstituts Totan, Izuru Kato.....(was man nicht alles für die Weltwährung tut :rolleyes:mad)

mehr » (http://www.cash.ch/news/topnews/japanische_banken_saugen_sich_mit_dollar_voll-1111488-771)

13.12.2011, 16:42
Schwerbewaffneter Mann richtet in Lüttich Blutbad an (http://www.tagesanzeiger.ch/ausland/europa/Schwerbewaffneter-Mann-richtet-in-Lttich-Blutbad-an/story/12203383)

http://files.newsnetz.ch/story/1/2/2/12203383/35/teasersmall16x9.jpg?1323790891 (http://www.tagesanzeiger.ch/ausland/europa/Schwerbewaffneter-Mann-richtet-in-Lttich-Blutbad-an/story/12203383) Im Zentrum der belgischen Stadt Lüttich hat heute ein 32-jähriger Mann einen Amoklauf begangen. Mindestens drei Personen kamen dabei ums Leben. Über 60 wurden verletzt. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Schwerbewaffneter-Mann-richtet-in-Lttich-Blutbad-an/story/12203383)

Aktualisiert vor 8 Minuten Update folgt...:rolleyes:(:gomad

13.12.2011, 17:20
12 December 2011

Money Supply Update - Strong Money Growth But Slack Velocity (http://jessescrossroadscafe.blogspot.com/2011/12/money-supply-update-strong-money-growth.html)

Although organic growth in the real economy is slack, the Fed has managed to maintain about 10 percent growth rate in M2, and around 8.5 percent in MZM.

As you might expect with money growth this high and real economic activity hovering at recession levels, the velocity of money is at record lows.

This is not yet stagflation, but it is the setup for such a condition to develop. The question is 'how pernicious' will it be.

I suspect that without reform, the extraction process of the financial sector and the perverse global trade regime will continue to dampen real economic activity despite the Fed's money supply expansion.

http://2.bp.blogspot.com/-FhrOoIpsa8s/Tuas8iehUBI/AAAAAAAATm4/LpIrNLLRXo8/s640/m2growth.png (http://2.bp.blogspot.com/-FhrOoIpsa8s/Tuas8iehUBI/AAAAAAAATm4/LpIrNLLRXo8/s1600/m2growth.png)

http://2.bp.blogspot.com/-2BtuqpMVcnc/Tuas9cMIgEI/AAAAAAAATnA/uEha3dc4F0w/s640/mzm.png (http://2.bp.blogspot.com/-2BtuqpMVcnc/Tuas9cMIgEI/AAAAAAAATnA/uEha3dc4F0w/s1600/mzm.png)

http://1.bp.blogspot.com/-4xIpdDnugPo/TuatjAMzl7I/AAAAAAAATnI/98PS4O0ac0M/s640/mzvelocity.png (http://1.bp.blogspot.com/-4xIpdDnugPo/TuatjAMzl7I/AAAAAAAATnI/98PS4O0ac0M/s1600/mzvelocity.png)

http://1.bp.blogspot.com/-LUTDw1Vizxw/Tuatka267yI/AAAAAAAATnQ/Lu5S7OILhVY/s640/velocitymzm.png (http://1.bp.blogspot.com/-LUTDw1Vizxw/Tuatka267yI/AAAAAAAATnQ/Lu5S7OILhVY/s1600/velocitymzm.png)

Posted by Jesse at 8:44 PM (http://jessescrossroadscafe.blogspot.com/2011/12/money-supply-update-strong-money-growth.html) :verbeug

13.12.2011, 17:48
http://cdn2.spiegel.de/images/image-293429-thumb-pgtw.jpg (http://www.spiegel.de/panorama/gesellschaft/0,1518,803503,00.html) Koranschule in Pakistan

Cold Turkey im Folterkeller (http://www.spiegel.de/panorama/gesellschaft/0,1518,803503,00.html)

Angekettet, geprügelt, gefoltert: Die pakistanische Polizei hat Dutzende Schüler aus einer Koranschule befreit, einige waren nicht älter als acht Jahre. Manche sagen, sie sollten zu "Heiligen Kriegern" ausgebildet werden. Doch die Polizei glaubt der Schulleitung - es habe sich um Drogenentzug gehandelt. Von Hasnain Kazim, Islamabad mehr... (http://www.spiegel.de/panorama/gesellschaft/0,1518,803503,00.html)

....einmal mehr - es ist zum :bad den pakistanischen Staat betrifft es auch - vielleicht würden vermehrt Schulen diesem Elend ein Ende bereiten :gomad

13.12.2011, 17:51
«Kanada hat den Eklat verursacht, das Problem sind aber die USA» (http://www.tagesanzeiger.ch/wissen/natur/Kanada-hat-den-Eklat-verursacht-das-Problem-sind-aber-die-USA/story/16536056)

http://files.newsnetz.ch/story/1/6/5/16536056/26/teasersmall16x9.jpg?1323794599 (http://www.tagesanzeiger.ch/wissen/natur/Kanada-hat-den-Eklat-verursacht-das-Problem-sind-aber-die-USA/story/16536056) Kanada steigt aus dem Kyoto-Abkommen aus. Der Politologe Thomas Bernauer, der die ETH Zürich an der UN-Klimakonferenz in Durban vertrat, erklärt, welche Konsequenzen dies hat. Mehr... (http://www.tagesanzeiger.ch/wissen/natur/Kanada-hat-den-Eklat-verursacht-das-Problem-sind-aber-die-USA/story/16536056)

Interview: Michel Wenzler (http://www.tagesanzeiger.ch/stichwort/autor/michel-wenzler/s.html). Aktualisiert um 14:23 32 Kommentare (http://www.tagesanzeiger.ch/wissen/natur/Kanada-hat-den-Eklat-verursacht-das-Problem-sind-aber-die-USA/story/16536056#kommentar) :rolleyes

13.12.2011, 18:00
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Watch Jon Corzine's Follow Up Testimony On The MF Global Bankruptcy, Accompanied By MF's CFO And COO (http://www.zerohedge.com/news/watch-jon-corzines-follow-testimony-mf-global-bankruptcy-accompanied-mfs-cfo-and-coo)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 10:15 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Corzine%2012.13.jpg (http://www.c-span.org/Events/Senate-Looks-into-MF-Global-Bankruptcy/10737426222/)

Even though he has had several days in which to "review his notes", the follow up testimony by former MF Global CEO Jon Corzine to the Senate Agriculture Committee starting momentarily will be replete with "I don't recalls" and "to the best of my knowledge" and will be largely devoid of all content, suffice to say it was not his intention to break the main law of broker dealers- no commingling. It will be even worse because today he will be joined by MF global's CFO and COO as well, all of whom will be completely clueless once again, and needless to say, shocked, SHOCKED, that they stole billions from their clients. Watch the full webcast below.

Comments: 101 (http://www.zerohedge.com/news/watch-jon-corzines-follow-testimony-mf-global-bankruptcy-accompanied-mfs-cfo-and-coo#comments)
Reads: 4,540

Tue, 12/13/2011 - 11:41 | 1974413 (http://www.zerohedge.com/news/watch-jon-corzines-follow-testimony-mf-global-bankruptcy-accompanied-mfs-cfo-and-coo#comment-1974413) Downtoolong (http://www.zerohedge.com/users/downtoolong)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/downtoolong)
Now that we have all been forced to accept the concept Too Big To Fail, the financial industry and its lobbyists can start working on TITKA, Too Important To Know Anything.


13.12.2011, 18:05
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
US Drones Dropping Like Flies (http://www.zerohedge.com/news/us-drones-dropping-flies)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 09:47 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/12/20111213_MQ9_0.png

Perhaps it is time for the stick-jockeys who are controlling US drones to put down the twinky and focus a little more. Reuters (http://www.reuters.com/article/2011/12/13/seychelles-drone-idAFL6E7ND42L20111213)is reporting that yet another US drone has crashed, this time while it was vacationing in the Seychelles. The Seychelles Civil Aviation Authority (SCAA) confirmed the incident and said that the plane was on a "routine patrol" and had crashed because of mechanical failure. On the bright side, this has to be good for GDP as Durable Goods orders (or maybe they should be repositioned as non-durable) will get a bump as General Atomics (http://en.wikipedia.org/wiki/General_Atomics_MQ-9_Reaper) gets some new Predator orders.

Comments: 71 (http://www.zerohedge.com/news/us-drones-dropping-flies#comments)
Reads: 5,027

Tue, 12/13/2011 - 09:59 | 1973736 (http://www.zerohedge.com/news/us-drones-dropping-flies#comment-1973736) new Ludic Fallacy (http://www.zerohedge.com/users/ludic-fallacy)
http://www.zerohedge.com/sites/default/files/pictures/picture-12600.jpg (http://www.zerohedge.com/users/ludic-fallacy)
The Seychelles just offered a naval base to the Chinese. Coincidence?

13.12.2011, 18:17
Occupy Wall Street: The 'Squidding' of Goldman, Sachs (http://www.rollingstone.com/politics/blogs/taibblog/occupy-wall-street-the-squidding-of-goldman-sachs-20111213)

December 13, 10:11 AM EST
I almost shed tears of pride this morning when I read this hilarious passage in the Daily News (http://www.nydailynews.com/new-york/17-arrests-occupy-wall-st-protesters-march-goldman-sachs-article-1.990555):

Earlier Monday, about 300 protesters in squid costumes surged outside the offices of Goldman Sachs investment bank shouting, "We fry Calimari!" and "Everyone pays their tax – everyone but Goldman, Sachs!"

I wish someone had called me – I would have loved to have attended this "Let's Go Squidding" expedition. Folks, if you do this again, please let me know, and I promise to put some serious man-hours into designing a squid costume. As it is, I'd like to see in person some of the ones that turned out yesterday, especially that giant papier-mâché-looking thing I seem to see in the News photo. Whoever made that thing, if you're out there, please contact me.......


Read more: http://www.rollingstone.com/politics#ixzz1gR3shFbX

....das Video ist nicht sehr aufregend - auch Verhaftungen :rolleyes hätte lieber den Squidd vermatscht gesehen :mad

13.12.2011, 18:22
Börsen wollen Mega-Fusion retten

13.12.11, 14:33
Die Deutsche Börse und die New Yorker Nyse versuchen ihre Fusion mit weitergehenden Zugeständnissen an die Wettbewerbshüter zu retten....

.....Kritiker fürchten, dass es durch die Fusion zu einem Ausverkauf des Finanzplatzes Frankfurt kommt und dass die Amerikaner früher oder später die Macht an sich reissen. Börsen-Chef Reto Francioni beteuert dagegen, das Machtverhältnis sei ausgewogen und Frankfurt werde vom Zusammenschluss profitieren :kopf :dumm

....so doof darf man einfach nicht sein - scheint mir wohl eher Absicht :bad:gomad

mehr » (http://www.cash.ch/news/topnews/boersen_wollen_megafusion_retten_-1111675-771)

13.12.2011, 18:24
13. Dezember: Ob dieser ukrainische Bereitschaftspolizist – hier an einer Demonstration für Julia Timoschenko – schon seiner Liebe zur inhaftierten Ex-Ministerpräsidentin gewahr wurde? Auf dem Sticker steht jedenfalls «Julia». (Bild: Reuters / Gleb Garanich) :rolleyes

13.12.2011, 20:16
Zulauf ---> http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/12/12_Felix_Zulauf_files/Felix%20Zulauf%2012%3A11%3A2011.mp3

13.12.2011, 21:17
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Who Gave Permission To A Bankrupt MF Global To Sell Italian Bonds To JPM At A 5% Discount To Market Value? (http://www.zerohedge.com/news/who-gave-permission-bankrupt-mf-global-sell-italian-bonds-jpm-5-discount-market-value)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 14:02 We already knew previously that shortly after it filed for bankruptcy, George Soros bought $2 billion in Italian bonds from the bankrupt MF Global. One thing we did not know was the terms of the purchase. Today, the WSJ has disclosed (http://online.wsj.com/article/SB10001424052970204336104577094702485491024.html)another facet of the bankruptcy which like Lehman will expose gigabytes of dirt on the corrupt US financial system. Namely, that after liquidating, MF sold Italian bonds - the culprit that ultimately led to the bank's bankruptcy - to none other than JP Morgan and "one large hedge fund."So far so good. Where it gets disturbing is that as the WSJ discloses, "buyers paid about 89 cents on the dollar for the Italian bonds, compared with a market price of about 94 cents at the time, according to the trader who bought them...Today, those bonds trade at more than 96 cents, according to Tradeweb." Our question is first, why did the bankrupt MF Global estate proceed to unload post-filing assets and under whose discretion: after all the company had entered bankruptcy, and it is up to the estate, which includes bondholders and other stakeholders to determine what assets and under what conditions, can be liquidated. Did MF Global believe that the same exemption from the law that it apparently thought was applicable to its pre-petition, was also valid under bankruptcy? Because if the firm did not get prior-permission form a bankruptcy judge to liquidate these assets, this is an act far worse than commingling and even the firesale of Lehman's US Brokerage to Barclays for pennies on the dollar - this is flaunting bankruptcy law front and center. Secondly, and perhaps just as important, who on the estate agreed to give JPM a 5% explicit discount to what the article notes was a fair price that is 5% higher and which by definition would have had bidders at that price. We hope someone in the Senate will take a quick look at this note, and the related WSJ (http://online.wsj.com/article/SB10001424052970204336104577094702485491024.html)article, and ask Messrs Corzine et al to provide some much needed clarity on this topic.

Comments: 55 (http://www.zerohedge.com/news/who-gave-permission-bankrupt-mf-global-sell-italian-bonds-jpm-5-discount-market-value#comments)
Reads: 3,498

Tue, 12/13/2011 - 14:05 | 1975087 (http://www.zerohedge.com/news/who-gave-permission-bankrupt-mf-global-sell-italian-bonds-jpm-5-discount-market-value#comment-1975087) new Catullus (http://www.zerohedge.com/users/catullus)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/catullus)
Will a couple of "i'm sorry" and "I'm not an expert on bankruptcy law" make this all go away? Because I know just the CEO to slick back his hair and arrogantly blow hot air up your ass

Tue, 12/13/2011 - 14:07 | 1975104 (http://www.zerohedge.com/news/who-gave-permission-bankrupt-mf-global-sell-italian-bonds-jpm-5-discount-market-value#comment-1975104) new tmosley (http://www.zerohedge.com/users/tmosley)
http://www.zerohedge.com/sites/default/files/pictures/picture-12552.jpg (http://www.zerohedge.com/users/tmosley)
No rule of law what-so-ever.
Banana Republic of America.

Tue, 12/13/2011 - 14:09 | 1975109 (http://www.zerohedge.com/news/who-gave-permission-bankrupt-mf-global-sell-italian-bonds-jpm-5-discount-market-value#comment-1975109) new wandstrasse (http://www.zerohedge.com/users/wandstrasse)
http://www.zerohedge.com/sites/default/files/pictures/picture-46693.jpg (http://www.zerohedge.com/users/wandstrasse)
now THAT has style: to buy bonds of bankrupt state from a bankrupt company with crony discount...

13.12.2011, 21:29
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
JP Morgan Stock Breaks Down On News Company's Role As MF Global Lender To Be Probed (http://www.zerohedge.com/news/jp-morgan-stock-breaks-down-news-companys-role-lender-be-probed)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 14:52

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/JPM%20MFG.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/JPM%20MFG.jpg)

Not an hour after we asked who gave permission to MF Global estate to sell Italian bonds to JPM (which was a lender to MF Global, discussed extensively here (http://www.zerohedge.com/news/mf-global-taps-credit-facility-burns-through-2-billion-quarter)) at preferential terms and we get the following headline from Bloomberg:


Needless to say, we are quite happy. Someone who isn't however, are JPM's shareholders, as the stock just took out the lows on the news.

Comments: 46 (http://www.zerohedge.com/news/jp-morgan-stock-breaks-down-news-companys-role-lender-be-probed#comments)
Reads: 2,919

Tue, 12/13/2011 - 14:58 | 1975399 (http://www.zerohedge.com/news/jp-morgan-stock-breaks-down-news-companys-role-lender-be-probed#comment-1975399) new transaccountin (http://www.zerohedge.com/users/transaccountin)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/transaccountin)

Months later and these idiots still cant find the money? They know exactly where its at. But we dont punish the crooks, we reward them with interest free fiat money.

Tue, 12/13/2011 - 15:14 | 1975464 (http://www.zerohedge.com/news/jp-morgan-stock-breaks-down-news-companys-role-lender-be-probed#comment-1975464) new Barbarous Relic (http://www.zerohedge.com/users/barbarous-relic)
http://www.zerohedge.com/sites/default/files/pictures/picture-79233.jpg (http://www.zerohedge.com/users/barbarous-relic)
No reaction on WSJ publishing the story and an immediate response on ZH repeating it.
Same as with the Reuters rehypothecation story.
Congratulations, Tyler, you're officially the only credible news source left in the world.

Tue, 12/13/2011 - 15:10 | 1975465 (http://www.zerohedge.com/news/jp-morgan-stock-breaks-down-news-companys-role-lender-be-probed#comment-1975465) new bob_dabolina (http://www.zerohedge.com/users/bobdabolina)
http://www.zerohedge.com/sites/default/files/pictures/picture-15983.png (http://www.zerohedge.com/users/bobdabolina)
We know how this ends
JPM pays a $50 fine, admits it did nothing wrong, and done.

Tue, 12/13/2011 - 14:57 | 1975390 (http://www.zerohedge.com/news/jp-morgan-stock-breaks-down-news-companys-role-lender-be-probed#comment-1975390) new Conax (http://www.zerohedge.com/users/conax)
http://www.zerohedge.com/sites/default/files/pictures/picture-59335.jpg (http://www.zerohedge.com/users/conax)
Some retaliation on the PM markets also. BTD. :gomad

...man würde doch meinen, das bei diesen Schweinereien der Goldpreis hochschiessen täte :gomad

13.12.2011, 21:37
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Commodity Liquidation Accelerates As Margin Calls Strike (http://www.zerohedge.com/news/commodity-liquidation-accelerates-margin-calls-strike) :rolleyes:mad

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 14:51 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/12/20111213_Fedcomm_1.png

UPDATE: HYG just bounced hard off the lows and disconnected from stocks and credit - it seems they really do need to save that asset-heavy ETF.

There is a clear and significant sell-off across all risk assets. Equities are leading CONTEXT lower (after converging perfectly pre-Fed) but equities and credit are falling tick for tick for now with HYG (the high yield bond ETF) falling significantly (which remember has been critically important recently). Commodities are where the real action is though for now with Silver now down over 4.5% on the week (and Gold and Copper not far behind). The velocity of the moves suggest the disappointments in other risk assets are leading to forced selling as a dearth of QE-related comment from Ben and the boys has the USD now over 2% stronger on the week legging higher once again as EURUSD is now -220pips from its early morning highs.

Comments: 40 (http://www.zerohedge.com/news/commodity-liquidation-accelerates-margin-calls-strike#comments)
Reads: 2,894

Tue, 12/13/2011 - 15:24 | 1975521 (http://www.zerohedge.com/news/commodity-liquidation-accelerates-margin-calls-strike#comment-1975521) new navy62802 (http://www.zerohedge.com/users/navy62802)
http://www.zerohedge.com/sites/default/files/pictures/picture-43757.jpg (http://www.zerohedge.com/users/navy62802)
By the way, people. For some perspective (lest we forget), gold opened 2011 priced at $1120 on 4 January 2011. It hit a low of around $1060 on 5 February. Even if gold fell to $1500 by year's end, you're still looking at a greater than 30% annual return on investment. So when the gold bears begin to reawaken from their hibernation, just remember where this year started!

13.12.2011, 21:51
13 December 2011

MF Global Cash at JP Morgan 'Presumed Its Own' So It Can Pay the Bankruptcy Trustees (http://jessescrossroadscafe.blogspot.com/2011/12/mf-global-cash-at-jp-morgan-presumed.html)

So what is MF Global going to do with that cash held at JPM?

Presumably it will be used to pay the Bankruptcy Trustees and lawyers who decided that it belongs to them.

Anyone who holds a significant sum in a brokerage is fair game apparently.

Oh you have account statements? Sorry, that money is gone. Can you prove where we put it?

JPM apparently cut a deal with the Trustee saying they could have the cash if MFG granted JPM a lien on ALL the company's assets.

So much for the superior claim of the customers as asserted by the CFTC (http://jessescrossroadscafe.blogspot.com/2011/12/cftc-issues-clear-statement-mf-global.html).
Bloomberg (http://www.bloomberg.com/news/2011-12-12/mf-global-cash-at-jpmorgan-presumed-its-own-freeh-says.html)
MF Global Cash at JPMorgan Presumed Its Own, Freeh Says
By Tiffany Kary
Dec 12, 2011 8:39 PM ET

MF Global Holdings Ltd.’s $25.3 million in cash held at JPMorgan Chase & Co. (JPM) is presumed to be its own, the bankrupt company’s Chapter 11 trustee said in response to customer objections to its bid to use the money.

MF Global Holdings should be allowed to use the cash collateral of JPMorgan, trustee Louis J. Freeh said in papers filed today in U.S. Bankruptcy Court in Manhattan. Customers of the company’s failed brokerage, MF Global Inc., had asserted that the money may have been part of the $1.2 billion believed to be missing from their segregated accounts.

“The customers have failed to provide this court with any actual evidence in support of their position,” Freeh said in court papers. MF Global Holdings owns the New York-based bank account with JPMorgan, and under New York law, it is presumed that funds deposited in an account belong to the account holder, the trustee said.

The company has been in talks with JPMorgan, its largest lender, on the use of cash collateral to pay the costs of its bankruptcy, a lawyer for Freeh said last week. U.S. Bankruptcy Judge Martin Glenn said Dec. 9 that he would reconsider the use of cash at a hearing Dec. 14 after customers objected.

JP Morgan, agent to a $1.2 billion loan, agreed at the outset of MF Global Holdings’ bankruptcy to let it use $26 million, subject to an agreement that gives the bank a lien on all of the company’s assets... On the other hand they can always queue up with the general creditors.
Bloomberg (http://www.businessweek.com/news/2011-12-13/mf-global-trustee-seeks-creditors-money-for-customers.html)
MF Global Trustee Seeks Creditors’ Money for Customers
By Tiffany Kary
December 13, 2011, 2:11 PM EST

Dec. 13 (Bloomberg) -- MF Global Inc.’s customers will be refunded from the failed brokerage’s general creditors’ estate if necessary, said James Giddens, trustee for the liquidating brokerage, in a prepared statement to the U.S. Senate.

“If commodity customer claims are not satisfied from the segregated commodity account estate, the remaining claim will automatically go against the general creditors’ estate,” Giddens said in the statement. A spokesman for Kent Jarrell, a spokesman for Giddens, said that the general creditors’ estate is the estate of MF Global Inc. only, and not that of parent company MF Global Holdings Ltd. He couldn’t immediately confirm whether the customers would have recourse to any money from the general estate of the parent company.

Giddens has said he intends to return 100 percent of customer funds if possible...
Posted by Jesse at 3:28 PM (http://jessescrossroadscafe.blogspot.com/2011/12/mf-global-cash-at-jp-morgan-presumed.html) :verbeug

13.12.2011, 21:53
http://cdn1.spiegel.de/images/image-293584-thumb-wekb.jpg (http://www.spiegel.de/panorama/0,1518,803526,00.html) NPD und braune Terrorzelle

Belastende Bilder (http://www.spiegel.de/panorama/0,1518,803526,00.html)

Die NPD ist bemüht, sich von den Verbrechen der braunen Zwickauer Terrorzelle zu distanzieren. Fotos belegen allerdings: Der heutige Parteichef Holger Apfel demonstrierte 1996 gemeinsam mit Beate Zschäpe und Uwe Mundlos. Von Barbara Hans und Jens Witte mehr... (http://www.spiegel.de/panorama/0,1518,803526,00.html) [ Video (http://www.spiegel.de/video/video-1166893.html) | Forum (http://forum.spiegel.de/showthread.php?t=49957) ]


13.12.2011, 21:55
Bancomat-Diebe schlagen mit neuen Tricks zu (http://www.tagesanzeiger.ch/schweiz/standard/BancomatDiebe-schlagen-mit-neuen-Tricks-zu/story/18323031)

http://files.newsnetz.ch/story/1/8/3/18323031/20/teasersmall16x9.jpg?1323809555 (http://www.tagesanzeiger.ch/schweiz/standard/BancomatDiebe-schlagen-mit-neuen-Tricks-zu/story/18323031) Seit das sogenannte Skimming bekannt wurde, versuchen Automaten-Räuber mit neuen Mitteln an ihr Geld zu kommen. Ein Bericht der Sendung «10vor10» deckt auf, wie die Täter vorgehen. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/BancomatDiebe-schlagen-mit-neuen-Tricks-zu/story/18323031)

Aktualisiert vor 3 Minuten

13.12.2011, 21:56
Politik: 13. Dezember 2011, 20:31

Geringverdiener weniger stark zur Kasse bitten (http://www.nzz.ch/nachrichten/politik/international/italiens_ministerpraesident_monti_mildert_sparprogramm_1.13633437.html)

http://www.nzz.ch/images/monti_small_1.13633469.1323804783.jpg (http://www.nzz.ch/nachrichten/politik/international/italiens_ministerpraesident_monti_mildert_sparprogramm_1.13633437.html) Italiens Ministerpräsident Monti mildert Sparprogramm

Der italienische Ministerpräsident Mario Monti will Rentner und Geringverdiener mit seinem 33 Milliarden Euro schweren Sparprogramm weniger stark zur Kasse bitten als ursprünglich geplant. Auch sollen Geringverdiener mit Kindern von der Hausbesitzer- Steuer ausgenommen werden. ...


13.12.2011, 21:57
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
No QE3 Mention In FOMC; Fed Leaves Twist Untouched; Dove Evans Continues To Cry - Full Redline Comparison (http://www.zerohedge.com/news/no-qe3-mention-fomc-fed-leaves-twist-untouched-dove-evans-continues-cry-full-redline-comparison)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 14:17 [/url] Headline summary:

The market can not be happy

Wirtschaft: 13. Dezember 2011, 21:46

[url="http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-notenbank_haelt_weiter_an_nullzins-politik_fest_1.13633995.html"]US-Notenbank hält weiter an Nullzins-Politik fest (http://www.zerohedge.com/category/tags/unemployment)

Leitzins soll bis mindestens Mitte 2013 auf gleichem Niveau bleiben

Angesichts der schwachen Konjunktur setzt die US-Notenbank Fed ihre Politik des günstigen Geldes fort. Der Leitzins bleibe auf dem historisch niedrigen Satz zwischen null und 0,25 Prozent, teilte der Offenmarktausschuss der US-Zentralbank mit. ...


13.12.2011, 22:18
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Globally Coordinated Nothing (http://www.zerohedge.com/news/globally-coordinated-nothing)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 16:05

Equities dramatically retraced to the very edge of the global bailout rally top with credit very much in sync and most notably HYG not finding a bid. Implied correlation (sometimes considered crash risk) rose to contract highs for the 2013 maturity as cheap protection was very bid this afternoon. Peter Tchir, of TF Market Advisors (http://www.tfmarketadvisors.com/), said it best today: "I can't get the Amy Winehouse No No No song out of my head. No ECB. No IMF. No Fed. No PSI. No balanced budgets. No QE." Commodities were demolished late on with Gold, Silver and Copper all falling down 5% on the week and while Oil managed to hold its 'Iran-risk' premia, even that started to leak lower as everyone derisked as 'market-saving-interventions' seemed obviously impotent. Financials, rightfully so, were hardest hit with the majors seriously lower (and wider in CDS) from the open. Equities which remain rich to credit markets on a medium-term basis, underperformed broad risk assets as some late-day covering pulled TSYs off their low yields of the day and gold/silver managed to pull back a little. However, the syncing of HYG and the equity and credit markets (with credit ending at its wides) suggests protection weas heavily bid and HY bond pressures could be coming on outflows.

Comments: 11 (http://www.zerohedge.com/news/globally-coordinated-nothing#comments)
Reads: 945

14.12.2011, 08:17
...und weiter mit der story dieses verrotteten Dreckshaufen :gomad

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Was The "Collapse" Of MF Global Premeditated? A Conspiracy Theory Thought Experiment (http://www.zerohedge.com/news/was-collapse-mf-global-premeditated-conspiracy-theory)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 20:31

Derivatives, unlike stocks where the equation has always been murky, are for the most part zero-sum products: one's gain is someone else's loss (net of commissions) unless of course the entire system collapses in a daisylinked chain reaction (think AIG). And MF Global's bankruptcy, by dint of being a derivatives broker, and the resulting massive losses to both shareholders and clients, means that some entity, on the other side of all these failed bets, made off like a bandit. Which bring us to a rather disturbing theory proposed by Walter Burien of CAFR1.com who has floated the rather the chilling idea, and what some may call an outright conspiracy theory, that by scuttling MF, Corzine effectively helped some shell company (or companies) which were controlled by a "cabal" of his closest confidants (we will let readers come up with their own theories who the former CEO of Goldman Sachs may have been close with) to make the offsetting profit that resulted from the accelerated and massive losses borne by MF's stakeholders in the vicious liquidation. As Burien says: "A government and media cover up would just focus on MFG's loss. A true and open investigation would be focused on "who" took the other side of the coin; the profit." And now that we know that Corzine allegedly lied to the Senate, just how much deeper does his transgression go, and did his really hand over the company on a silver platter to some anonymous "Hold Co" by taking on massive risks he knew were going to blow up in his face, albeit knowing the "other" side of the trade would compensate him for it? After all, Corzine's legacy may have been forever tarnished, but if there was one thing the man knew after all those mostly successful years at Goldman, it was risk. So did he really blow up MF on a idiotic risk miscalculation bet within two years of joining, purely by mistake, or is there something more?

Comments: 173 (http://www.zerohedge.com/news/was-collapse-mf-global-premeditated-conspiracy-theory#comments)
Reads: 11,515

Tue, 12/13/2011 - 21:52 | 1977122 (http://www.zerohedge.com/news/was-collapse-mf-global-premeditated-conspiracy-theory#comment-1977122) new WhatCouldGoWrong (http://www.zerohedge.com/users/whatcouldgowrong)
http://www.zerohedge.com/sites/default/files/pictures/picture-27262.jpg (http://www.zerohedge.com/users/whatcouldgowrong)
Commodity trading by it's vey nature is a zero sum game. When this crap first hit the news, my immediate reaction was; "whose on the other side of the trade?". I posted, at the time, my questions about the unseen machinations of this BS... and I'm still searching for an answer to the following question;
How many MFG customers were standing for delivery at the COMEX for PM's? Were the contracts for delivery more than the available inventory? If contracts standing for delivery were more than available stocks, it would be far easier to wipe out the customers (contracts) by dissolving (blowing up) a company than admitting the system was insolvent. Easier?... it would be absolutely necessary!. Corzine might just be a good soldier doing his duty for the TPTB system. May 6th was a wakeup call to those that have assets at risk in the equity space. MFG is far more than a wakeup call... this is the horrible sceaching of ice on the hull of the Titanic. MFG is not a business failure, it is the first unraveling in a systemic failure. Beware, my friends, beware....

Tue, 12/13/2011 - 23:09 | 1977406 (http://www.zerohedge.com/news/was-collapse-mf-global-premeditated-conspiracy-theory#comment-1977406) new Strut (http://www.zerohedge.com/users/strut)
http://www.zerohedge.com/sites/default/files/pictures/picture-78544.jpg (http://www.zerohedge.com/users/strut)
100% on point.
"who is on the other side of the trade?"
... JPM first and foremost. We already saw JPM registered silver inventory go up almost exactly the amount of "missing" 1.4 MILLION ounces once registered to MFG right before the collapse.
The BIG question isn't commingling, its right here in the COMEX BS under everyone’s noses.
P.S. MFGI is going to get interesting too.

Tue, 12/13/2011 - 20:34 | 1976857 (http://www.zerohedge.com/news/was-collapse-mf-global-premeditated-conspiracy-theory#comment-1976857) new Eireann go Brach (http://www.zerohedge.com/users/eireann-go-brach)
http://www.zerohedge.com/sites/default/files/pictures/picture-46434.jpg (http://www.zerohedge.com/users/eireann-go-brach)
Follow the money...all paths lead to the bank accounts of JP Morgan! (...ob das schon jemand bemerkt hat von den "Untersuchenden" :oo)

14.12.2011, 08:27
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Presenting The Three Unscripted Sentences That May Have Cost Jon Corzine His Freedom (http://www.zerohedge.com/news/presenting-three-unscripted-sentences-may-have-cost-jon-corzine-his-freedom)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 22:22

Today, in advance of their sworn testimony, each witness to the Senate Agricultural Committee's MF Global hearing was requested to disclose what their prepared remarks would be. Sure enough, CME executive chairman Terry Duffy did that, and his prepared testimony can be found here (http://www.ag.senate.gov/download/?id=da1b4408-63a3-4d58-885f-33e6c55252a5). In and of itself there was nothing unexpected about said speech, the relevant section of which has been transcribed below. Where things got very ugly for Corzine, is when Duffy literally veered from the script, and added three unexpected sentences, catching everyone in the committee off guard (including those who had given up on the testimony which came just after Corzine's) and which according to most news wires could have buried Corzine's defense strategy, exposing him for a liar under oath, and potentially costing him his freedom. The video of the relevant 2 minutes is attached below.


Comments: 216 (http://www.zerohedge.com/news/presenting-three-unscripted-sentences-may-have-cost-jon-corzine-his-freedom#comments)
Reads: 15,523

Tue, 12/13/2011 - 23:02 | 1977378 (http://www.zerohedge.com/news/presenting-three-unscripted-sentences-may-have-cost-jon-corzine-his-freedom#comment-1977378) new Crisismode (http://www.zerohedge.com/users/crisismode)
http://www.zerohedge.com/sites/default/files/pictures/picture-9215.jpg (http://www.zerohedge.com/users/crisismode)
Corzine will not spend 60 seconds in jail.
He knows where all the skeletons are buried, including Obama's.

Tue, 12/13/2011 - 23:13 | 1977419 (http://www.zerohedge.com/news/presenting-three-unscripted-sentences-may-have-cost-jon-corzine-his-freedom#comment-1977419) new redpill (http://www.zerohedge.com/users/redpill)
http://www.zerohedge.com/sites/default/files/pictures/picture-24980.gif (http://www.zerohedge.com/users/redpill)
Duffy better stay away from hot tubs and small passenger planes from now on.

Wed, 12/14/2011 - 02:16 | 1977792 (http://www.zerohedge.com/news/presenting-three-unscripted-sentences-may-have-cost-jon-corzine-his-freedom#comment-1977792) new Popo (http://www.zerohedge.com/users/popo)
http://www.zerohedge.com/sites/default/files/pictures/picture-13193.jpg (http://www.zerohedge.com/users/popo)
After watching the video, I'd say those sentences looked pretty damn 'scripted'. The question isn't just "why"... it's "by whom?"

Tue, 12/13/2011 - 23:51 | 1977522 (http://www.zerohedge.com/news/presenting-three-unscripted-sentences-may-have-cost-jon-corzine-his-freedom#comment-1977522) new Bwahaha WAGFDSMB (http://www.zerohedge.com/users/bwahaha-wagfdsmb)
http://www.zerohedge.com/sites/default/files/pictures/picture-58068.jpg (http://www.zerohedge.com/users/bwahaha-wagfdsmb)
Mere hearsay, "A CME auditor also participated in a phone call with senior MF Global employees wherein one employee indicated that Mr. Corzine knew about the loans that had been made from the customer segregated accounts." It's that "one employee" who needs to watch his back.

Tue, 12/13/2011 - 23:26 | 1977465 (http://www.zerohedge.com/news/presenting-three-unscripted-sentences-may-have-cost-jon-corzine-his-freedom#comment-1977465) new DormRoom (http://www.zerohedge.com/users/dormroom)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/dormroom)
two scenarios.
1)They cut a deal with Duffy, threw Corzine under the bus, so he'll give someone up from JPMorgan. Then the administration goes after someone there, and Obama is seen as nailing a wallstreet fat cat.

2)Someone @ JPMorgan wants Corzine to go to jail, where he'll quickly get shanked, and the secrets die with him.

JPMorgan wants to bury something. Either trades, or Corzine.
JPMorgan is power. Corzine is muscle.

....ob das fiese Grinsen des smarten Jamie endlich mal endet und man seine wirkliche Fratze sieht :confused ich befürchte nein :gomad

14.12.2011, 08:29
Gold Daily and Silver Weekly Charts - Gold Breaks But No Silver Confirm - Did Jonny Lie?


Stocks were rallying until the afternoon and the FOMC announcement which withheld the QE Christmas candy.

Stocks went down hard led by the banks. Gold was hit very hard by a bear raid sell off down to 1620, while silver maintained some strength.

The stock market rebounded into the close somewhat as did gold. Silver has not confirmed the breakdown by gold out of its symmetrical triangle.

The bulls have their work cut out for them.

The MF Global scandal continues to rot and sicken. After the bell the testimony from CME Chairman Duffy to the Senate indicated that Jon Corzine was perjuring himself when he said he had no knowledge of the customer money transfers. Duffy testified that on Saturday lawyers notified him by phone and email that Corzine knew of the transfers of customer funds and that at all times the people doing the transfers were under the authority of MF Global management

Perhaps now would be a good time to cut a deal and throw someone else under the bus, Jon, and not 'take one for the team.' And please stay out of parks, accept no packages, and don't fly in small airplanes if you do.

As noted intraday (http://jessescrossroadscafe.blogspot.com/2011/12/mf-global-cash-at-jp-morgan-presumed.html), JPM and the Trustee are divvying up the MF Global cash account amongst themselves. The Trustee hopes to pay back the customers out of the company assets 'if possible.'

MF Global is more of a crime scene than a simple bankruptcy. What puzzles me is how MF Global was able to transfer all these customers funds and assets without records in the banking system? What happened to all those anti-money-laundering rules on fund transfers? Are they just for the 'little people' too?

And why is the Trustee Giddens, a private attorney whose firm has long ties to the bank, calling the shots on the investigation of JPM and their involvement?

And is the judge in the bankruptcy really one of the lawyers for the banks in the Martin Armstrong case?

The interests of the customers seem largely under-represented. Where is the CFTC and the Justice Department in all this again? (http://www.bloomberg.com/news/2011-12-13/mf-global-probe-said-to-weigh-illegal-use-of-funds.html) Will Max Keiser put up a documentary titled Where's Jonny for funding?

Zum Original-Beitrag (http://showthread.php3?p=1428827#post1428827)
....einmal muss es doch diesen widerlichen Strippenzieher erwischen :oo

14.12.2011, 08:36

Capital Account: Gerald Celente on his Missing MF Global Money and the COMEX Gold Ponzi (12/13/11)

Zum Original-Beitrag (http://showthread.php3?p=1428841#post1428841)
"....The :kotzHonorable....." :dumm

14.12.2011, 08:41
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
“Big Brother is Eyeing Us – For Good or Evil?” (http://www.zerohedge.com/news/%E2%80%9Cbig-brother-eyeing-us-%E2%80%93-good-or-evil%E2%80%9D)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 23:43 We in the United States have lived free from a tyrannical government for over two hundred years. It becomes easy, therefore, to succumb to the notion that government is benevolent and can do us no harm. But the founders of our nation knew otherwise, as do millions of people today who have come here from countries that do not have our basic freedoms. It is easy to slide insidiously into repression. Just ask Jews who lived in Germany in the early 1930s. Over the years, novelists have warned of the consequences of an expanded and centralized government. Dystopian novels like Alduos Huxley’s Brave New World, Fahrenheit 451 by Ray Bradbury and A Clockwork Orange by Anthony Burgess, among others, have dealt with a future in which dehumanized people led lives fearful of an all-knowing and all-powerful government. Technology and surveillance systems today have rendered such possibilities as probabilities. The fear of terrorism has made us more willing to tolerate increased government intrusion. Predator drones attack our enemies without putting our soldiers at physical risk, seemingly inconsistent with their job description. There is no halting technological development, nor should there be. Nevertheless, the risk of an unscrupulous person gaining power exists. Our democracy is based on a system of checks and balances. However, since 1933, the executive branch of our government has assumed increasing powers – today manifested in the 38 “czars” working in the Obama Administration – 33 of whom function without Senate confirmation. In the wake of Communism in Russia and Nazis in Germany, Sinclair Lewis titled his 1935 novel, It Can’t Happen Here. So far it hasn’t, but that is no reason to let down our guard.

Comments: 43 (http://www.zerohedge.com/news/%E2%80%9Cbig-brother-eyeing-us-%E2%80%93-good-or-evil%E2%80%9D#comments)
Reads: 2,650

Wed, 12/14/2011 - 00:55 | 1977639 (http://www.zerohedge.com/news/%E2%80%9Cbig-brother-eyeing-us-%E2%80%93-good-or-evil%E2%80%9D#comment-1977639) new Zero Govt (http://www.zerohedge.com/users/zero-govt)
http://www.zerohedge.com/sites/default/files/pictures/picture-43647.jpg (http://www.zerohedge.com/users/zero-govt)

"Our democracy is based on a system of checks and balances."

No it's a system (just) based on $$$checks. Period.

Throw out the rest of your liberal window dressing bollocks, it's pure trivia

Your candidates don't even run without a gaggle of shady big deals in the back corridors with shadowy vested interests

Americas is the most openly corrupt democratic (snake oil word) system on Earth. Your 'public representatives' are no such thing. They are banking and business representatives, front men bought and paid for and screened by State dependent (zombie) business interests

The system is so patently and openly sick and corrupt it proves once again most of the people can be fooled most of the time. You're a complete delusional idiot to even vote

the voting system is designed to make your vote/voice 1 in a million (microscopically marginalised). Then the Parties offer you a sugary smarmy mix of jingoist policies giving you zero chance to change the course of 98% of Govt business. The democratic voting' system is such a fuking joke the Parties must piss their pants laughing their heads off at every totally deluded voter

No bloody wonder US healthcare is so expensively bankrupt ...it must take $Billions in mind bending drugs to get the pickled stupid electorate to the voting booths and vote for these self serving pigs in lipstick (insider trading representatives)

democracy is a sick sham and gone on long enough... let's bin this sack of sick shit and give freedom (no Govt) a chance

14.12.2011, 08:47
THE MORAL HAZARD RING (http://maxkeiser.com/2011/12/14/the-moral-hazard-ring/)

Posted on December 14, 2011 (http://maxkeiser.com/2011/12/14/the-moral-hazard-ring/) by williambanzai7 (http://maxkeiser.com/author/williambanzai7/)| 2 Comments (http://maxkeiser.com/2011/12/14/the-moral-hazard-ring/#comments)

By: WilliamBanzai7 (http://williambanzai7.blogspot.com/)

14.12.2011, 08:49
So sieht die Welt im Jahr 2050 aus

14.12.11, 01:45

Frédéric Papp - Die weltgrösste Volkswirtschaft sind heute nach wie vor die USA. In 40 Jahren werden aber andere Nationen die Leaderrolle übernehmen. cash zeigt die neue Rangliste der Zukunft. mehr » (http://www.cash.ch/news/topnews/so_sieht_die_welt_im_jahr_2050_aus_-1111293-771)


14.12.2011, 09:27
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Existing Home Sales Debacle, As Larry 'Baghdad-Bob' Yun Confirms Overstatement (http://www.zerohedge.com/news/existing-home-sales-debacle-larry-baghdad-bob-yun-confirms-overstatement)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2011 - 22:35

In what can only be described as completely unsurprising, Larry Yun of the National Association of Realtors (NAR) has admitted, according to CNNMoney (http://money.cnn.com/2011/12/13/real_estate/home_sales_revision/index.htm?hpt=hp_c1), that maybe possibly they overstated, purely by accident, the number of existing homes sales statistic that has formed the cornerstone of his constant corner-turning commentary over the past few years. We have unequivocally challenged the Ph.D.'s claims as fudged (http://www.zerohedge.com/article/so-much-housing-optimism-existing-home-sales-miss-drop-lowest-november-order-cancellations-s)and fabricated (http://www.zerohedge.com/article/two-completely-irrelevant-and-fabricated-numbers-offset-each-other) this year and even the Wall Street Journal, back in February of 2011 (http://online.wsj.com/article/SB10001424052748704476604576158452087956150.html?mod=WSJ_hp_LEFTTopStories), saw 'challenges' in the NAR's data when compared to other unbiased sources of the same reality. We can only assume that when Yun explains, in true Baghdad-Bob-style, the adjustments (when they are released on December 21st) that they will be either a signal that the bottom is in for home sales or that from such a low base, things can only get better. From our perspective, the NAR data remain irrelevant and untrustworthy with the CoreLogic data seemingly always less naturally biased to an organization desperate for a foothold on the glimmering slope back to the American Dream. Yun emphasized that the revisions will have no impact on consumers because median home price data will not be revised - all good then!

Comments: 87 (http://www.zerohedge.com/news/existing-home-sales-debacle-larry-baghdad-bob-yun-confirms-overstatement#comments)
Reads: 4,535

Tue, 12/13/2011 - 22:39 | 1977268 (http://www.zerohedge.com/news/existing-home-sales-debacle-larry-baghdad-bob-yun-confirms-overstatement#comment-1977268) new Real Money Wins (http://www.zerohedge.com/users/real-money-wins)
http://www.zerohedge.com/sites/default/files/pictures/picture-70821.jpg (http://www.zerohedge.com/users/real-money-wins)
And the lies just keep on rolling! Just like a bad movie!
This could make a good remake of the game of CLUE!

Tue, 12/13/2011 - 23:28 | 1977445 (http://www.zerohedge.com/news/existing-home-sales-debacle-larry-baghdad-bob-yun-confirms-overstatement#comment-1977445) new TruthInSunshine (http://www.zerohedge.com/users/truthinsunshine)
http://www.zerohedge.com/sites/default/files/pictures/picture-38071.jpg (http://www.zerohedge.com/users/truthinsunshine)
I'm convinced that we're living in some real world version of a perverted Matrix, where the primary goal of governmental, NGOs & private companies and trade groups is singularly to say and/or publish anything, no matter how abusive of reality and facts the statements and publications are, to bolster confidence in the economic, political and regulatory systems, so as to be able to buy time (hoping for some real and positive data to emerge) or simply marginalize, to as great a degree as is possible, the awakening of the sheeple to their new reality.
Home sales, auto sales, retail sales (generally), inflation, unemployment/underemployment, true government debt/deficit levels, etc. etc. etc. - all dramatically butchered, with the goal of either creating false CONfidence or preventing the erosion of even more confidence than would take place if the truth was merely acknowledged in print.

14.12.2011, 09:39
Politik: 14. Dezember 2011, 06:48

Die Briten von Camerons EU-Kurs begeistert (http://www.nzz.ch/nachrichten/politik/international/die_briten_von_camerons_eu-kurs_begeistert_1.13637152.html)

http://www.nzz.ch/images/cameron_small_1.13637299.1323841820.jpg (http://www.nzz.ch/nachrichten/politik/international/die_briten_von_camerons_eu-kurs_begeistert_1.13637152.html) Konservative Partei nach Nein von Brüssel im Umfragehoch

(http://www.nzz.ch/nachrichten/politik/international/die_briten_von_camerons_eu-kurs_begeistert_1.13637152.html)In der britischen Bevölkerung kommt die harte Haltung von Premierminister Cameron gegenüber der EU offenbar gut an. Zum ersten Mal in diesem Jahr überholte seine Partei in einer Umfrage die Labour-Partei.




14.12.2011, 10:04
House Passes Payroll Tax Bill Packed With Poison Pills (http://www.huffingtonpost.com/2011/12/13/house-passes-payroll-tax-bill_n_1147021.html)

More Politics

demwolf (http://www.huffingtonpost.com/social/demwolf?action=comments) old enough to know better
379 Fans (http://www.huffingtonpost.com/social/demwolf) 14 minutes ago( 3:46 AM)
I am shocked that the Republican party did not do Newt one better and suggest that poor families be required to sell their children to rich people to clean their toilets to fund the payroll cut extension and unemployme*nt extention. That would kill two birds with one stone: they would raise money and have less mouths to feed. The Republican*s cannot get any more disgusting*. (Please)

14.12.2011, 10:35
Pakistan Passes Laws To Ban Horrific Crimes Against Women (http://www.huffingtonpost.com/2011/12/13/pakistan-women-rights-laws_n_1146263.html)

ISLAMABAD — Azim Mai's husband allegedly threw acid in her face last year after she refused to sell their two boys to a man in Dubai to use as camel racers. The 35-year-old mother of five can no longer find work as a maid because her deeply scarred face scares potential employers.

Acid burnings are among the most horrific crimes against women in Pakistan that are now criminalized in a landmark set of laws passed by the parliament. They stand to protect millions of women from common forms of abuse in a conservative, Muslim country with a terrible history of gender inequality.

Rights activists praised the laws Tuesday while stressing their passage was just the first step, and likely not the hardest one. It could be even more difficult to get Pakistan's corrupt and inefficient legal system to protect women's rights that many men in this patriarchal society likely oppose.

"This is a big achievement for the women of Pakistan, civil society and the organizations that have been working for more than 30 years to get women friendly bills passed," said Nayyar Shabana Kiyani, who has lobbied for the legislation as part of The Aurat Foundation, a women's rights group.

"We can't really get good results until the laws are implemented at the grassroots level," she added.

The two bills containing the new laws, which received final approval from the Senate on Monday, stiffened the punishment for acid attacks and criminalized practices such as marrying off young girls to settle tribal disputes and preventing women from inheriting property.

Mistreatment of women is widespread in Pakistan, a nation of some 175 million where most people are poor, only half the adults can read and extremist ideologies, including the Taliban's, are gaining traction.

In 2010, at least 8,000 acid attacks, forced marriages and other forms of violence against women were reported, according to The Aurat Foundation. Because the group relied mostly on media reports, the figure is likely an undercount......

RedDonnaAnn (http://www.huffingtonpost.com/social/RedDonnaAnn?action=comments) 325 Fans (http://www.huffingtonpost.com/social/RedDonnaAnn) 2 hours ago( 2:11 AM)
I guess they got wind that we're on the verge of withholdin*g several million dollars in aid. Permanentl*y withholdin*g. What a tiny concession to make as an attempt to grab dough, "Okay! Okay! We won't burn the mothers of our children, our sisters, wives, aunts and moms with acid. Can we have the money now?"

Digeeedad (http://www.huffingtonpost.com/social/Digeeedad?action=comments) 359 Fans (http://www.huffingtonpost.com/social/Digeeedad) 1 hour ago( 2:52 AM)
Sad how other conservati*ve nations that are working so diligently for progressiv*e laws and policies are almost universall*y applauded here in the US, while right under our noses, right wing conservati*ves are working diligently to thwart all progressiv*e movement and take away much of what has been gained over decades and decades of struggle!

http://images.huffingtonpost.com/aol_profile_img/1566497.png (http://www.huffingtonpost.com/social/robear6987?action=comments) robear6987 (http://www.huffingtonpost.com/social/robear6987?action=comments) 111 Fans (http://www.huffingtonpost.com/social/robear6987)
11 hours ago( 5:26 PM)
how can you musilims even call your religion a loving one when your men does things like this and many other things that are illegal in most countries against women?.

....möchte mal wissen wo diese "Männer" ihr Gefühl/Ethik/Moral/menschliche Regung (oder wie immer man das nennen möchte) sitzen haben :bad anscheinend nicht vorhanden :oo

14.12.2011, 10:55
James Hill for The New York Times

Russian Journalists Fired for Election Story (http://www.nytimes.com/2011/12/14/world/europe/russian-journalists-at-kommersant-vlast-axed-after-tough-election-coverage.html?ref=global-home)


MOSCOW — The dismissals followed the magazine Kommersant Vlast’s publication of charges of electoral fraud by the ruling party. Above, opposition figures Boris Nemstov, right, and Vladimir Ryzhkov met on television....

....mit Putin ist ja alles gut :bad

14.12.2011, 13:17
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Deutsche On Five FX Lessons Learned in 2011 (http://www.zerohedge.com/news/deutsche-five-fx-lessons-learned-2011)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/14/2011 - 04:05

It is often useful to learn from one's mistakes, or in some cases from one's successes, and as they prepare for their 2012 Blueprint, Deutsche's FX research team focuses in on lessons they learned from the travails of an asset class that was at times chaotic and at others baffling in its stagnation. Digressing from the high levels of uncertainty accompanied by strange periods of low volatility to a recognition that emerging markets did not decouple and there are no more safe havens, the five key insights offer practical views on what worked and what didn't and critically going forward to focus on the flows emanating from the Euro-zone as opposed to monetary policy.

Comments: 9 (http://www.zerohedge.com/news/deutsche-five-fx-lessons-learned-2011#comments)
Reads: 2,183

Wed, 12/14/2011 - 06:38 | 1977944 (http://www.zerohedge.com/news/deutsche-five-fx-lessons-learned-2011#comment-1977944) new falak pema (http://www.zerohedge.com/users/falak-pema)
http://www.zerohedge.com/sites/default/files/pictures/picture-45845.jpg (http://www.zerohedge.com/users/falak-pema)
OT :
I now think I know why Merkel did not insist on Private sector banks taking a 50% haircut on Greece, as previously agreed: It was at demand of N. Sarkozy. Apparently, the euro meltdown is putting big liquidity-now, as solvency pressures in 1 year, on french banks. They have to ratchet up their equity to Basel 3 levels, 9% by mid 2012. So all help along the road is vital; no french and german bank write downs on Greece! And, Lagarde of IMF is now saying she will balk at any additional claims of money from bottomless Greece and its sinking sovereign ship. Greece may slip down greasy slope of sovereign debt any day...one domino down, as dangerous domino dancing dominates financial salsa festival.

Merkozy protecting their banks, but this greek play is small stuff compared to when tsunami hits Italy/spain and riccochets on to France. MArkets are full of piranhas on the prowl. Those notational firms will grease the plank of eurozone...slippage. FED will be sweating blood waiting for this to blow up. Ah, what a bunch of crazy wankers. Makes you want to become a chip-monk not on financial crappy junk food.

14.12.2011, 13:20
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Euro Drops Under 1.3000 Following Record High Yield On Italian 5 Year Auction (http://www.zerohedge.com/news/euro-drops-under-13000-following-record-high-yield-italian-5-year-auction)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/14/2011 - 06:54

And so the inevitable has happened: the European currency finally fell below that strange attrractor level of 1.3000 following an Italian 5 year auction that despite the "technical" clarification that it would be of Off The Run bonds, still ended up being the highest rate ever paid for a 5 Year piece of Italian paper. As Reuters explains, the euro slipped versus the dollar on Wednesday after Italy paid a euro era record yield of 6.47 percent to sell five-year debt, adding to concerns that an EU summit last week had made little progress in tackling the region's debt crisis. More: "Italy paid a euro era record yield of 6.47 percent to sell five-year paper at its first auction of longer-term debt after the EU moved towards greater fiscal integration at last week's summit, but failed to convince markets it can solve the debt crisis. The average yield at Wednesday's sale compares with an auction rate of 6.29 percent Italy paid a month ago, which was also a euro lifetime record high. Rome sold 3 billion euros of the Sept. 2016 BTP bond, the top of an unusually small range of 2 billion to 3 billion euros for the sale. Italy has trimmed the size of its auctions in reaction to market pressure but it will have to step up issuance in coming months if it is to meet a gross funding goal of around 440 billion euros next year." And result: EURUSD < 1.3000 which means bad things for the record high correlated stock market... and the Christmas Rally.

Comments: 18 (http://www.zerohedge.com/news/euro-drops-under-13000-following-record-high-yield-italian-5-year-auction#comments)
Reads: 808

Wed, 12/14/2011 - 07:11 | 1978006 (http://www.zerohedge.com/news/euro-drops-under-13000-following-record-high-yield-italian-5-year-auction#comment-1978006) new MFL8240 (http://www.zerohedge.com/users/mfl8240)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/mfl8240)
What do the whores have in mind today? Perhaps another $50 down in Gold and 200 points up in the DOW and USD higher? Makes sense, this all makes sense if you are from Mars. Gold down with the Euro zone in the final stages of its collapse, the US living on borrowed time, the Federal Reserve lying to the people as it continues buying 100% of the US debt, the US economy considered to have bright spots fabricated by false and misleading government reports, The US dollar (Confetti) over 80cents (laughable) as the banking bandits continue printing at will, the middle east ready to explode into WWIII, China and India collapsing and yet, the whores on Wall Street and in the sewer of Chicago say up we go with stocks, bonds and confetti and down we go with real money. The objective is to destroy the entire years gain in Gold and force people out and into paper assets worth nothing more than the ink. The Bernanke machine is all over this fabrication and best people understand that this Jewish banking cartel is corrupt this whole situation smells like hell.

14.12.2011, 13:23
http://www.zerohedge.com/sites/default/files/pictures/picture-9750.png (http://www.zerohedge.com/users/ransquawk-video)
RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 14/12/11 (http://www.zerohedge.com/news/ransquawk-european-morning-briefing-stocks-bonds-fx-etc-%E2%80%93-141211)

Submitted by RANSquawk Video (http://www.zerohedge.com/users/ransquawk-video) on 12/14/2011 - 06:23 ETC (http://www.zerohedge.com/category/security-name/etc) Morning Briefing (http://www.zerohedge.com/category/tags/morning-briefing) RANSquawk (http://www.zerohedge.com/category/tags/ransquawk)


14.12.2011, 14:29
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Frontrunning: December 14 (http://www.zerohedge.com/news/frontrunning-december-14)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/14/2011 - 07:37 [/url][url="http://www.zerohedge.com/category/tags/trading-rules"] (http://www.zerohedge.com/category/tags/ben-bernanke)

Austrian Banks Face Hungary ‘Debt Slave’ Revolt (Bloomberg (http://www.bloomberg.com/news/2011-12-13/austrian-banks-facing-payback-as-hungary-s-debt-slaves-revolt.html))
Steve Cohen calls insider trading rules "vague" (Reuters (http://mobile.reuters.com/article/idUSTRE7BC1UJ20111213?irpc=932))
‘Haircut’ dispute risks delaying Greek rescue (FT (http://www.ft.com/intl/cms/s/0/d4e553a0-25ad-11e1-856e-00144feabdc0.html#axzz1gK7iFoiA))
Reid Says He Will Block Republican Tax Cut (Bloomberg (http://www.bloomberg.com/news/2011-12-13/house-passes-payroll-tax-cut-extension-measure-with-republican-priorities.html))
Bernanke Signals Europe Risk Keeps Fed Ready to Ease Further (Bloomberg (http://www.bloomberg.com/news/2011-12-14/bernanke-signals-risks-from-europe-crisis-keep-fed-ready-for-more-easing.html))
Euro Crisis Shows Dutch Converge With Germany (Bloomberg (http://www.bloomberg.com/news/2011-12-13/euro-tumult-shows-netherlands-converging-with-germany-at-expense-of-france.html))
Obama raises stakes over $200bn stimulus renewal (FT (http://www.ft.com/intl/cms/s/0/05cb8694-25a7-11e1-856e-00144feabdc0.html))
EU treaty hopes come under strain (FT (http://www.ft.com/intl/cms/s/0/3d75ccb8-25b5-11e1-856e-00144feabdc0.html#axzz1gRiU9hxr))
Beijing urged to bolster house sales (FT (http://www.ft.com/intl/cms/s/0/70c8da38-25a1-11e1-9c76-00144feabdc0.html?ftcamp=rss))

14.12.2011, 14:59

....dieser absolut miese Heini :bad


14.12.2011, 15:17
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
RIP Fed Dollar Swap Intervention: Central Bank Liquidity Injection Half Life Two Weeks (http://www.zerohedge.com/news/rip-fed-dollar-swap-intervention-central-bank-liquidity-injection-half-life-two-weeks)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/14/2011 - 08:16

As noted two weeks ago when predicting (http://www.zerohedge.com/news/here-what-happened-after-last-global-coordinated-central-bank-intervention)the efficiency and duration of the latest global coordinated USD liquidity injection, we had a sinking feeling the Fed action would have a very brief time span. Sure enough, judging by the action in two critical FX liquidity indicators - the 3M and 1 Y basis swap indicators, the dollar shortage is baaaaack... only this time, very paradoxically, with implied infinite backstopping from the Fed: if even that factor no longer has an influence on the market's perception of liquidity risk we are in very deep trouble. Which of course is to be expected: the gross synthetic dollar short back in 2007 was $6.5 trillion (http://www.zerohedge.com/article/how-federal-reserve-bailed-out-world). Add a few years of ZIRP to this, where the USD is also the funding currency of the world, and one can see why the global USD short position currently is in the double digit trillions. So just how will the Fed backstop $10+ trillion in explicit USD shorts? We can't wait to find out.

Comments: 15 (http://www.zerohedge.com/news/rip-fed-dollar-swap-intervention-central-bank-liquidity-injection-half-life-two-weeks#comments)
Reads: 915

14.12.2011, 15:57
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Commodity Unwind Continues As Global Liquidity Scramble Accelerates (http://www.zerohedge.com/news/commodity-unwind-continues-global-liquidity-scramble-accelerates)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/14/2011 - 09:41

As pointed out earlier, the short term USD-funding liquidity ruse instituted two weeks ago by the New York Fed has now all expired, which means global banks are progressively selling all residual winners left having dumping US safe haven securities (a big reason why the EUR has plunged is there is no more repatriation of USD-denominated assets by European, well, French banks). Enter the commodity space. As the following color-coded chart demonstrates, "stuff" is being offloaded by the boatload to procure cash in expectation of yet another day of "rip your face off" margin calls. Which naturally is to be expected - with collateral negligible, those who sell hard assets first sell best. Yet at the end of the day, all it does is provide an ever better entry point for those who have the means to institute hedges against the next step which will will occur shortly: yet another global liquidity tsunami courtesy of the central banks, because that is all they know and all they can.

Comments: 30 (http://www.zerohedge.com/news/commodity-unwind-continues-global-liquidity-scramble-accelerates#comments)
Reads: 1,405

Wed, 12/14/2011 - 09:47 | 1978434 (http://www.zerohedge.com/news/commodity-unwind-continues-global-liquidity-scramble-accelerates#comment-1978434) new Quintus (http://www.zerohedge.com/users/quintus)
http://www.zerohedge.com/sites/default/files/pictures/picture-8990.jpg (http://www.zerohedge.com/users/quintus)
Yeah. Burning your furniture to keep warm is always a winning strategy.
What are institutions going to do when they've sold everything of value into the waiting arms of creditor nations who are quite happy to find a use for their suddenly questionable mountains of trade-surplus dollars?
Either Bernanke gets busy handing out sacks of cash or the end will be upon us. Either way, buying hard assets at firesale prices now seems like a good move.

14.12.2011, 19:39
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Euro Jumps As S&P Leaks It Has Not Leaked An Imminent French Downgrade (http://www.zerohedge.com/news/euro-jumps-sp-leaks-it-has-not-leaked-imminent-french-downgrade)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/14/2011 - 12:22

With speculation building up all morning that the French AAA rating will be momentarily gone, following a statement by France's Juppe that the loss of AAA would not be "cataclysmic", it was up to the S&P itself to leak the rumor which unleaked the previous rumor, and told the WSJ that it has not informed the French government of its rating intentions. The result: EURUSD soars by 40 pips on this absolute non-news, which does nothing but buy at best a 24 hours respite from the inevitable. Furthermore, the S&P has no statement at all if and how many Congressmen, and Nancy Pelosi of course, do know what S&P's intentions are and are already trading appropriately. We expect this momentary bump in risk to be unwound in seconds.

Comments: 41 (http://www.zerohedge.com/news/euro-jumps-sp-leaks-it-has-not-leaked-imminent-french-downgrade#comments)
Reads: 2,904

Wed, 12/14/2011 - 12:33 | 1979303 (http://www.zerohedge.com/news/euro-jumps-sp-leaks-it-has-not-leaked-imminent-french-downgrade#comment-1979303) new Temporalist (http://www.zerohedge.com/users/temporalist)
http://www.zerohedge.com/sites/default/files/pictures/picture-14831.jpg (http://www.zerohedge.com/users/temporalist)
France says "Mon dieu! We don't get fooked, we do zee fooking!"

14.12.2011, 20:01
Auf die Farbenpracht folgt der stärkste Sturm des Herbstes (http://www.tagesanzeiger.ch/zuerich/region/Auf-die-Farbenpracht-folgt-der-strkste-Sturm-des-Herbstes/story/29194455)

Frühaufsteher konnten heute ein seltenes Wetterspektakel über dem Zürichsee geniessen. Regenbogen wie diese sind in den kommenden Tagen nicht mehr zu erwarten – Orkanböen schon. Mehr... (http://www.tagesanzeiger.ch/zuerich/region/Auf-die-Farbenpracht-folgt-der-strkste-Sturm-des-Herbstes/story/29194455)

Von Tina Fassbind (http://www.tagesanzeiger.ch/stichwort/autor/tina-fassbind/s.html). Aktualisiert um 15:59 15 Kommentare (http://www.tagesanzeiger.ch/zuerich/region/Auf-die-Farbenpracht-folgt-der-strkste-Sturm-des-Herbstes/story/29194455#kommentar)

14.12.2011, 20:05

Atommacht ohne Präsident (http://www.spiegel.de/politik/ausland/0,1518,803711,00.html)

Herzinfarkt? Überdosis Drogen? Flucht vor dem Militär? Pakistans Präsident Zardari ist seit einer Woche verschollen. In seiner Heimat spekulieren nun Medien, Politiker und Volk über den Verbleib des Staatschefs - während sein Sohn die Parteigeschäfte führt. Der ist gerade mal 23 Jahre alt. Von Hasnain Kazim, Islamabad mehr... (http://www.spiegel.de/politik/ausland/0,1518,803711,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=50026) ]


14.12.2011, 20:59
TIME's Person of the Year: The Protester (http://www.time.com/time/person-of-the-year/2011/)

No one could have known that when a Tunisian vendor set himself on fire, it would incite a global wave of dissent. In 2011, protesters didn't just voice complaints; they changed the world. Full Story » (http://www.time.com/time/specials/packages/article/0,28804,2101745_2102132,00.html)

14.12.2011, 21:16
WATCH: Amazing Time-Lapse Of Annual Meteor Shower (http://www.huffingtonpost.com/2011/12/13/geminid-meteor-shower-video_n_1147123.html)

14.12.2011, 21:34

15.12.2011, 09:28
CFTC's Sommers: "We Know Where the Customer Money Went" (http://jessescrossroadscafe.blogspot.com/2011/12/cftc-we-know-where-customer-money-went.html)

Ok, Jill, spill. Don't bogart the 411 and go all Federal Reserve on us.

Where did it go, and when do the customers get it back?

Or do we have to wait until the dirty laundry comes out of the spin cycle?

And how come Bart Chilton says you DON'T know where all the money went?

Oh and if you find that missing money, can you also check and see where the investigation into manipulation in the silver market went? It seems especially timely this week.
Reuters India (http://in.reuters.com/article/2011/12/15/mfglobal-cftc-idINDEE7BD0J020111215)
Regulators know where MF Global funds went
By Christopher Doering
Thu Dec 15, 2011 7:05am IST

(Reuters) - U.S. regulators now have a more complete picture of money transfers in the final days of bankrupt brokerage MF Global, but must sort out which transactions were legitimate before more money can be released to customers, a top official told Reuters on Wednesday.

Jill Sommers, who is heading the Commodity Futures Trading Commission's review of MF Global, said regulators "are far enough along the trail" that they know where the money went.

"Now it's just finding out which ones of those transactions are legitimate and which ones of them are illegitimate," Sommers said.

The CFTC and the trustee liquidating the firm are under intense pressure from lawmakers and customers to provide answers about what happened to hundreds of millions of dollars in customer money that went missing as the firm collapsed.

MF Global officials, including former Chief Executive Jon Corzine, have told lawmakers they simply do not know where the money is, and deny authorizing any misuse of customer money.

"We certainly don't want to lead anyone to believe we don't know what happened. We do know, and we see where all the transactions went," said Sommers, a Republican commissioner, in an interview on Wednesday.

She declined to reveal details on the fund transfers until investigators have determined the purpose of all the transactions. Sommers could not estimate when regulators will complete their investigation, but said "really good progress" is being made.

Fellow CFTC Commissioner Bart Chilton, a Democrat, tempered expectations. Chilton said in a statement after Sommers' remarks were published that a thorough accounting of all customer funds remains a work in progress.

"Based upon the most up-to-date information available, I do not have confidence that we know where all the money went," Chilton said. (Hello? Are these guys playing for the same team? Did Bart forget to pay for a premium subscription to intra-office memos? - Jesse)

MF Global filed for bankruptcy on October 31 after it was forced to reveal that it had made a $6.3 billion bet on European sovereign debt, spooking investors and customers.

The ensuing search for missing money has sent reverberations through the farm belt and trading floors, and has attracted the attention of the FBI and federal prosecutors.

A trustee liquidating the firm has estimated the shortfall could be as high as $1.2 billion...Chicago Sun-Times (http://www.suntimes.com/business/9447562-420/regulator-we-know-where-mf-global-cash-went.html)
Regulator: We know where MF Global cash went
By David Roeder
December 14, 2011 6:18PM

The investigation into the collapse of MF Global and its estimated $1.2 billion shortfall has narrowed to a key question: Were any transfers of customer money the firm conducted in its waning days legitimate?

The main U.S. regulator of the brokerage knows where the missing money went and now is trying to determine if the transfers were proper, a top official told the Reuters news agency Wednesday.

Jill Sommers, a member of the Commodity Futures Trading Commission who is heading the agency’s probe, told Reuters, “We are far enough along the trail that we know where all the money went.”

She also was reported to say, “We certainly don’t want anyone to believe that we don’t know what happened. We do know, and we see where all the transactions went.”

Her comments came one day after surprise testimony from the executive chairman of CME Group Inc. provided evidence that Jon Corzine, former MF Global chairman, knew about the transfers from customer accounts. In his own testimony, Corzine has denied ordering anyone to “misuse” customer money.... yG5e1oaen-M

Posted by Jesse at 8:55 PM (http://jessescrossroadscafe.blogspot.com/2011/12/cftc-we-know-where-customer-money-went.html) :verbeug

15.12.2011, 09:30
NY Fed Granted MF Global Primary Dealer Status Despite Concerns and Lack of Due Diligence (http://jessescrossroadscafe.blogspot.com/2011/12/ny-fed-granted-mf-global-primary-dealer.html)

So how persistent was Jon Corleone in that private meeting?

Confidence begins with honesty, a sense of fairness, and respect for justice. Not just the letter of the law, but the spirit of the law as well.
"If we desire respect for the law, we must first make the law respectable...Our government teaches the whole people by its example. If the government becomes the lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."

Louis D. Brandeis If the patience and trust of the American people was a checkbook, you could mark it 'Account Overdrawn.' This is something that the monied interests and their Beltway bandits just do not yet comprehend. Or perhaps they do, but do not have enough respect for the people to care.

Wouldn't it be a hoot if someone outré was elected President and went Andy Jackson on their pampered posteriors? I wonder if Ron Paul has it in him to be greater than himself, the leader of the whole nation and not a narrow slice of ideologues. All the rest look like conmen, cranks, and stooges.
Reuters (http://www.reuters.com/article/2011/12/15/us-mfglobal-nyfed-idUSTRE7BD2B920111215)
A persistent MF Global won NY Fed dealer status
By Sarah N. Lynch
Wed Dec 14, 2011 8:36pm EST

(Reuters) - Now bankrupt MF Global lobbied the New York Federal Reserve heavily to become a primary dealer, eventually succeeding after a delay sparked by a regulator flagging internal control problems.

Thomas Baxter, the New York Fed's general counsel, revealed the regulator's behind-the-scenes dealings with the futures brokerage, including a personal meeting with former MF Global chief Jon Corzine, in testimony prepared for a congressional hearing on Thursday.

The Fed delayed approving MF Global's application for primary dealer status after the Commodity Futures Trading Commission warned the Fed in April 2009 it had uncovered major compliance issues.

Primary dealers are the financial firms authorized to deal directly with the government to help carry out monetary policy and distribute U.S. debt.

MF Global was eventually given primary dealer status in February of this year. Fed Chairman Ben Bernanke has previously said it did not constitute a "seal of approval."

Baxter is expected to face questions at Thursday's hearing by the House Financial Services oversight subcommittee about whether the Fed overlooked problems with the firm.

"We also have concerns with the apparent lack of due diligence conducted by the Federal Reserve Bank of New York in bestowing its primary dealer designation on MF Global - even as the firm consistently lost money," panel chairman Randy Neugebauer said in a prepared opening statement.... WJTiXoMCppw

Posted by Jesse at 9:17 PM (http://jessescrossroadscafe.blogspot.com/2011/12/ny-fed-granted-mf-global-primary-dealer.html) :verbeug (http://www.blogger.com/share-post.g?blogID=6418112515382102078&postID=820442229083736157&target=email)

15.12.2011, 09:32
14 December 2011

UK Public 'the Worst Off' of the developed G7 Countries With 4.5% Negative Interest Rates (http://jessescrossroadscafe.blogspot.com/2011/12/uk-public-worst-off-of-developed-g7.html)

Perhaps this is why the western Central Banks are so determined to prevent the price of gold from breaking out, and keep putting out disinformation from within a cloak of secrecy about their inflationary policies and money creation.
...Negative real interest rates occur when the inflationary rate, or CPI, is greater than the current interest rate. A quick account of the G-7 and E-7 countries shows that the majority have negative real interest rates.

Across the developed G-7 countries, British citizens are the worst off with real interest rates in the U.K. sitting at negative 4.5 percent. U.S investors aren’t doing much better with rates at negative 3.25 percent and the Fed has all but guaranteed rates will remain there. Only Japan has a positive real interest rate among the G-7 and that rate is barely above zero.

Conversely, the most populous nations making up the E-7 have mostly positive real interest rates. However, the grouping’s grandest economic powerhouses, China and India, have negative real interest rates sitting around negative 2 percent.

Frank Holmes, Central Bank Appetite And The Monetary Case For $10,000 Gold, Forbes (http://www.forbes.com/sites/greatspeculations/2011/12/12/central-bank-appetite-and-the-monetary-case-for-10000-gold/)
Posted by Jesse at 11:14 PM (http://jessescrossroadscafe.blogspot.com/2011/12/uk-public-worst-off-of-developed-g7.html) :verbeug

15.12.2011, 09:38
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
"Guantánamo Forever?" - Congress Passes $662 Billion Defense Bill, Aka The NDAA (http://www.zerohedge.com/news/congress-passes-662-billion-defense-bill-aka-ndaa)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/14/2011 - 19:00 Congress just passed the National Defense Authorization Act in a 283-to-136 vote. 190 Republicans and 93 Democrats voted for; 43 Republicans and 93 Democrats voted "against." Prepare to be arrested, without charge, simply because someone "up there" believes you engage in "terroristy" :gomad:gomad:gomad stuff. Good luck proving them wrong.

Comments: 633 (http://www.zerohedge.com/news/congress-passes-662-billion-defense-bill-aka-ndaa#comments)
Reads: 23,157

Wed, 12/14/2011 - 19:01 | 1981097 (http://www.zerohedge.com/news/congress-passes-662-billion-defense-bill-aka-ndaa#comment-1981097) new transaccountin (http://www.zerohedge.com/users/transaccountin)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/transaccountin)
Seig Heil (leider :(:gomad)

15.12.2011, 10:00
......Which is precisely what what Bass touches on 9 minutes 30 seconds into the interview when the discussion shifts to "shortening collateral chains." Must watch for everyone who enjoys not being lied to. The most recent Kyle Bass investor letter can be found here (http://www.zerohedge.com/news/imminent-defaults-and-self-deception-kyle-bass-prepares-worst), and a far more extended interview is here (http://www.zerohedge.com/news/kyle-bass-explains-new-world-order).


:thanx Hoka (ist im gold)

15.12.2011, 11:57
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Game Theory Over: Bank Of France's Noyer Says Britain Should Be Downgraded, Not France (http://www.zerohedge.com/news/game-theory-over-bank-frances-noyer-says-britain-should-be-downgraded-not-france)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/14/2011 - 21:14 To anyone who doubted that the gloves are now fully off between France and Britain, we bring you exhibit A: Speaking in an interview with local newspaper Le Telegramme de Brest to be published later on Thursday, Bank of France head and ECB member Christian Noyer said (http://www.reuters.com/article/2011/12/15/us-noyer-ratings-idUSTRE7BE05I20111215) that a downgrade of France's AAA credit rating would not be justified and ratings agencies are making decisions based more on politics than economics and questioned whether the use of ratings agencies to guide investors was still valid. "In the arguments they (ratings agencies) present, there are more political arguments than economic ones," said Noyer, the head of the Bank of France and a member of the ECB's governing council. "The downgrade does not appear to me to be justified when considering economic fundamentals," Noyer said. "Otherwise, they should start by downgrading Britain which has more deficits, as much debt, more inflation, less growth than us and where credit is slumping." The bolded sentence confirms two things: i) that the Nash equilibrium in Europe is now fatally broken, because when you have the head of one central bank doing all he can to throw another central bank under the bus, that's pretty much game (theory) over; and ii) when he said that "the agencies have become incomprehensible and irrational. They threaten even when states have taken strong and positive decisions. One could think that the use of agencies to guide investors is no longer valid." it proves that this amateur has no more understanding of basic finance than your generic Reuters blogger, both of whom apparently fail to comprehend that there are several hundred thousand bond and loan indentures in the real world, not the world of "S&P has no credibility so ignore it", which are loaded with covenants discussing springing liens, rating indexed interest levels and collateral thresholds, all of which are based on a sovereign and corporate rating, and all come into play in a completely unpredictable way (hint AIG - the reason why AIG imploded was because a rating agency downgrade unleashed a terminal margin call) when there is a rating downgrade. Such as that of France in a few hours to days top.

Comments: 134 (http://www.zerohedge.com/news/game-theory-over-bank-frances-noyer-says-britain-should-be-downgraded-not-france#comments)
Reads: 6,467

Wed, 12/14/2011 - 22:28 | 1981949 (http://www.zerohedge.com/news/game-theory-over-bank-frances-noyer-says-britain-should-be-downgraded-not-france#comment-1981949) new sitenine (http://www.zerohedge.com/users/sitenine)
http://www.zerohedge.com/sites/default/files/pictures/picture-58459.jpg (http://www.zerohedge.com/users/sitenine)
Whining aside, they will both be downgraded, with good reason.

15.12.2011, 12:03

Amerikaner ziehen Milliarden von Europas Banken ab (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,803835,00.html)

Europäische Geldhäuser haben in den USA einen immer schwereren Stand: Laut "Financial Times" sind die Einlagen bei ausländischen Banken in Amerika im vergangenen halben Jahr so stark gesunken wie noch nie. Ein Grund ist die Euro-Krise. mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,803835,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=50058) ]

#66 Heute 11:19 von Lobbykratie (http://forum.spiegel.de/member.php?u=184169)

Gestern hieß es noch im SpOn...
..."Verschärfte Regeln: Europäische Banken haben keine Lust mehr auf US-Kunden"
Und nur 24 Stunden später steht es da so wie ich und andere es gestern hier im Forum gepostet habe:

"Amerikaner ziehen Milliarden von Europas Banken ab"

Wann traut sich die Mainstreampresse eigentlich endlich offen zuzugeben, dass wir uns in einem Wirtschaftskrieg mit den USA befinden? Die NYT ist da schon etwas deutlicher:
http://www.nytimes.com/2011/12/11/wo...germany&st=cse (http://www.nytimes.com/2011/12/11/world/europe/euro-crisis-pits-germany-and-us-in-tactical-fight.html?scp=3&sq=germany&st=cse)

Und der Artikel ist fünf Tage alt.
Man, schreibts doch endlich. Die Leute hier können auch lesen!
"Wenn die Europäer keinen Ausweg fänden, könne die Krise auch die USA hart treffen"
Prust! Was für Heuchler. Die Krise kommt doch aus den USA. Wer hatte denn die geplatzte Immobilienblase? Lehmann Brothers... Lehmann Brothers...War da was? Wir mussten daraufhin unsere Banken retten, weswegen wir nun klamm sind.

Und mal so ganz neben bei. In den USA leben 15% der Bevölkerung von Lebensmittelmarken. Also nicht nur uns steht das Wasser bis zum Hals:
USA becomes Food Stamp Nation but is it sustainable? | Reuters (http://www.reuters.com/article/2011/08/22/us-usa-poverty-foodstamps-idUSTRE77L45Z20110822)

"Die Frage, ob die Fed im schlimmsten Fall über Finanzhilfen für Europa nachdenke, habe Bernanke verneint."

Ja sicher wollen die Heuchler kein Geld raustun:
Republikaner stemmen sich gegen IWF-Hilfen für Euro-Staaten | Artikel | Boerse-Go.de (http://www.boerse-go.de/nachricht/,a2714092,b147.html)

Ich denke es ist höchste Zeit, dass öffentliche Bild, dass hier in Deutschland von den Amerikaner herrscht, zu revidieren. Die USA werden hier gern als Freund und Helfer gesehen, wegen der Carepakete nach dem Zweiten Weltkrieg. Das ist aber lange her und man sollte sich immer vor Augen halten:
Regierungen haben keine Freunde. Regierungen haben Interessen.

15.12.2011, 12:08
SNB: Trübe Aussichten für die Wirtschaft

Aktualisiert vor 43 Minuten

Daniel Hügli, Bern - Die Schweizerische Nationalbank (SNB) rüttelt nicht an der Untergrenze von 1,20 Franken pro Euro. Sie zeichnet ein düsteres Bild der Wirtschaft und schliesst eine Eskalation der Krise in Europa nicht aus. (http://www.cash.ch/news/topnews/snb_truebe_aussichten_fuer_die_wirtschaft-1112540-771)mehr » (http://www.cash.ch/news/topnews/snb_truebe_aussichten_fuer_die_wirtschaft-1112540-771)

.....Die Schweizerische Nationalbank (SNB) erhöht den Mindestkurs von 1,20 Franken zum Euro nicht. Sie will die am 6. September etablierte Grenze bei 1,20 Franken aber "mit aller Konsequenz durchsetzen". Die Bank wiederholte ihre schon im September geäusserte Bereitschaft, "uneingeschränkt Devisen zu kaufen", um die Grenze zu verteidigen.

Der Franken legte nach dem Entscheid der SNB etwa 1 Prozent zu und notierte zuletzt bei 1,2260 Franken pro Euro. Viele Marktteilnehmer hatten mit einer Erhöhung der Kursuntergrenze gerechnet.....

15.12.2011, 12:12

Russland bietet Euro-Staaten Milliarden an (http://www.spiegel.de/wirtschaft/soziales/0,1518,803892,00.html)

Die Amerikaner zieren sich, die Bundesbank zögert - nun springt immerhin Russland ein. Der Kreml will dem Weltwährungsfonds IWF mindestens zehn Milliarden Dollar überweisen, damit der den Euro-Krisenstaaten hilft. Ob das reicht, ist allerdings fraglich. mehr... (http://www.spiegel.de/wirtschaft/soziales/0,1518,803892,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=50073) ]

:rolleyes ist etwas zwiespältig :rolleyes

15.12.2011, 12:33
Aufstand gegen Assad

Deserteure töten syrische Soldaten (http://www.spiegel.de/politik/ausland/0,1518,803838,00.html)

Der Widerstand gegen das Assad-Regime wird radikaler: Deserteure haben laut Nachrichtenagentur Reuters 27 Soldaten getötet. Die Staatsmacht hat nach Angabe von Human Rights Watch einen Schießbefehl erteilt. Die Militärs haben damit offiziell freie Hand, brutal gegen Demonstranten vorzugehen. mehr... (http://www.spiegel.de/politik/ausland/0,1518,803838,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=50062) ]


15.12.2011, 12:37


15.12.2011, 12:44
(http://www.aljazeera.com/news/asia-pacific/2011/12/2011121522525748843.html)Chinese village besieged after protests (http://www.aljazeera.com/news/asia-pacific/2011/12/2011121522525748843.html)

A standoff between villagers and police is continuing in southern China, where police have sealed off the village of Wukan in an attempt to quell an uprising, witnesses say.

Villagers have taken control of the town after staging protests over government land seizures and the death of a village leader in police custody last week.

In response, authorities have cut off food supplies to the village of about 20,000 people in Guangdong province. :dumm

A journalist in the village told Al Jazeera that Wednesday was the fourth straight day of the siege, with no signs that the villagers would budge.

"Police tried to retake the village on Sunday with a thousand armed police firing teargas and water cannons at villagers," Malcolm Moore of the British Daily Telegraph newspaper said.

"But villagers stood firm and police fell back to form a cordon around the village, now basically choking off all supplies of food and water, waiting for the village to surrender. :gomad

"There are no police or government officials left in the village. All of them have been driven out by angry villagers."

Moore said he was told by locals that they had about 10 days of food supplies left and had no intention of giving up their resistance.....

....es läuft so ziemlich alles beschissen auf dieser Welt :oo:mad

15.12.2011, 12:53
http://www.aljazeera.com/mritems/imagecache/318/480/mritems/Images/2011/12/15/20111215102950374734_20.jpg (http://www.aljazeera.com/news/americas/2011/12/2011121585527823820.html)

US defence chief: 'Free Iraq now a reality' (http://www.aljazeera.com/news/americas/2011/12/2011121585527823820.html)

Leon Panetta attends flag-lowering ceremony to mark troops' withdrawal and says US will not turn its back on Iraq.
Last Modified: 15 Dec 2011 11:45 GMT

...was hat dieser Irakkrieg gebracht ausser Mord und Totschlag, noch mehr Terrorismus und noch viele Heimkehrer mit phyischen und psychischen Schäden, welche vom Staat schmählich im Stich gelassen werden :bad

Read More (http://www.aljazeera.com/news/americas/2011/12/2011121585527823820.html)

15.12.2011, 14:14
.....Was können die Staaten tun, um rasch zu Geld zu kommen?

Eine Möglichkeit sind Zwangsanleihen. Darüber wird derzeit unter Bankern heftig spekuliert. Meistens haben Staaten im Kriegsfall zu dieser Massnahme gegriffen. Aber auch in schweren Krisen haben sich Regierungen entschieden, auf diese Weise auf die Guthaben der Sparer zuzugreifen.


:wirr Wouw!!!

Zum Original-Beitrag (http://showthread.php3?p=1429267#post1429267)
Hans-Jörg Rudloff gehört zu den erfahrensten Bankern Europas. Heute ist er Präsident der Investmentbanktochter der englischen :rolleyes Grossbank Barclays.

.....Am ganzen Schlamassel tragen auch die Banken eine Mitschuld, weil sie mit so wenig Eigenkapital geschäften.

Ich war immer ein grosser Kritiker der Banken, obwohl ich immer in dieser Branche gearbeitet habe. Die Versäumnisse der Banken sind unbestritten. Und die Banken haben dafür auch einen hohen Preis bezahlt. Die Aktienkurse sind im Keller (da bezahlen wohl die Akionäre :oo) die meisten Managements wurden ausgewechselt (mit dem Resultat, dass noch mehr bezahlt wird - siehe zB Brady-CS :bad) Heute sind die Banken weltweit an der kurzen Leine :rolleyes (....darum wird wohl weiterhin beschissen, dass die Balken krachen ---> MF Global/JPM) Und das ist auch richtig so. Aber ich warne auch vor Vorverurteilungen.....

....also ich weiss nicht, wer so was schreibt :rolleyes

15.12.2011, 14:26
Politik: 15. Dezember 2011, 14:04

Bankdatendieb zu zwei Jahren Haft verurteilt (http://www.nzz.ch/nachrichten/politik/schweiz/frueherer_cs-mitarbeiter_verurteilt_1.13661700.html)

Früherer CS-Mitarbeiter zeigt sich geständig

http://www.nzz.ch/images/daten_-_cd_lead_1.13662012.1323953882.jpg (http://www.nzz.ch/nachrichten/politik/schweiz/frueherer_cs-mitarbeiter_verurteilt_1.13661700.html)

In der Affäre um die Lieferung von Bankkundendaten an Deutschland ist ein ehemaliger Mitarbeiter der Credit Suisse zu zwei Jahren Gefängnis auf Bewährung :escht verurteilt worden. Der Mann hatte 1500 bis 2500 Datensätze zu vermögenden Bankkunden verkauft. ...:rolleyes

(http://www.nzz.ch/nachrichten/politik/schweiz/frueherer_cs-mitarbeiter_verurteilt_1.13661700.html)......Der Beschuldigte wolle keine Publizität :escht sagte der Richter....

.....dass der CS-Mitarbeiter nicht der Drahtzieher :escht in der Affäre gewesen sei. Eine zentrale Rolle dagegen habe der österreichische Vermittler gespielt :escht der - wie es in der Anklageschrift heisst - durch Zufall :escht auf die handgeschriebene Datensammlung gestossen war.

Demnach hatte der Bankangestellte seine Aktentasche mit den Unterlagen in einem Fitnessstudio vergessen :escht Der Österreicher, ein entfernter Bekannter :escht

alles in allem :dumm

15.12.2011, 15:08
China erhebt neue Zölle auf US-Autos (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/China-erhebt-neue-Zlle-auf-USAutos/story/23393827)

http://files.newsnetz.ch/story/2/3/3/23393827/10/teaserbreit.jpg?1323957002 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/China-erhebt-neue-Zlle-auf-USAutos/story/23393827) Der Welthandel muss einen weiteren Rückschlag verkraften: Zwischen Peking und Washington wird die Stimmung immer gereizter. Ein neuer Handelskrieg zeichnet sich ab. Die Hintergründe. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/China-erhebt-neue-Zlle-auf-USAutos/story/23393827)

Von Philipp Löpfe (http://www.tagesanzeiger.ch/stichwort/autor/philipp-loepfe/s.html). Aktualisiert um 12:59 7 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/China-erhebt-neue-Zlle-auf-USAutos/story/23393827#kommentar)

Theodor Meifert - 13:13 Uhr
Die Amis sind einfach wahre Meister, wenn es darum geht, immer andere für eigenes Versagen verantwortlich zu machen - nur nicht die Ursachen bei sich selbst zu sehen. Solches Verhalten ist pubertär. Mir ist China bestimmt auch nicht geheuer und auch ihre Methoden sind oft unzimperlich. Aber dass jetzt jemand endlich Schneid und Macht hat, den Amis entgegenzutreten, ist auf jeden Fall gut.

15.12.2011, 15:10
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Daily US Opening News And Market Re-Cap: December 15 (http://www.zerohedge.com/news/daily-us-opening-news-and-market-re-cap-december-15)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2011 - 08:03

A downbeat BoJ's Tankan report, together with a below 50 reading for HSBC Chinese manufacturing dampened sentiment during the Asian session
ECB's Draghi said intensified financial market tensions continue to dampen economic activity in the Euroarea and the outlook remains subject to high uncertainty
According to reports, the ECB is planning to introduce new capital rules for banks to prevent aggressive deleveraging and a credit crunch
The SNB kept its 3-month LIBOR target rate unchanged at 0.00% as expected, and said it will stick to its 1.2000 EUR/CHF floor

15.12.2011, 15:14
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Decoupling Blues: Full Economic Data Dump (http://www.zerohedge.com/news/decoupling-blues-full-economic-data-dump)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2011 - 08:41 Continuing Claims (http://www.zerohedge.com/category/tags/continuing-claims) And here we go:

Initial Claims: 366K on Expectations of390K, down from 381K, lowest since May 31 of 2008; Seasonally unadjusted dropped somehow by a ridiculous 95,506. All those thousands of bankers being laid off must not be people - that explains it? And the stunner: those added to extended benefits was a whopping 332K, an unprecedent large number for a weekly change. (Source (http://www.dol.gov/opa/media/press/eta/ui/current.htm))
Continuing Claims: 3603K vs. Exp. 3637K, up from 3583K. (Source (http://www.dol.gov/opa/media/press/eta/ui/current.htm))
PPI November: 0.3% vs. Exp. 0.2% (Prev. -0.3%), inflation picking up (Source (http://www.bls.gov/news.release/pdf/ppi.pdf))
US Empire Manufacturing: 9.53 vs. Exp. 3.00, up from Prev. 0.61; New Orders up from -2.07 to 5.10; And bad news for margins: Prices Paid up (from 18.29 to 24.42) - Prices Received down (from 6.10 to 3.49); Number of employees up, average employee workweek down (Source (http://www.newyorkfed.org/survey/empire/dec2011.pdf))
US Current Account Balance Q3: Q/Q -110.3bln vs. Exp. -108.5bln (Prev. -118.0bln, Rev. -124.7bln) (Source (http://www.bea.gov/newsreleases/international/transactions/transnewsrelease.htm))
Comments: 35 (http://www.zerohedge.com/news/decoupling-blues-full-economic-data-dump#comments)
Reads: 1,853

Thu, 12/15/2011 - 08:43 | 1982753 (http://www.zerohedge.com/news/decoupling-blues-full-economic-data-dump#comment-1982753) new razorthin (http://www.zerohedge.com/users/razorthin)
http://www.zerohedge.com/sites/default/files/pictures/picture-28942.jpg (http://www.zerohedge.com/users/razorthin)
Bullshit brigade out in full force to pump Santa, not to mention the bonus pool.
Fukk off.

15.12.2011, 16:33
Thu, 12/15/2011 - 09:49 | 1983041 (http://www.zerohedge.com/news/negative-gold-lease-rates-collapse-gold-sell-likely-coming-end#comment-1983041) new sabra1 (http://www.zerohedge.com/users/sabra1)
http://www.zerohedge.com/sites/default/files/pictures/picture-35168.jpg (http://www.zerohedge.com/users/sabra1)

The Tale of Jamie Dimon Threatening To Blow the Brains Right Out Of Jon Corzine’s Head

Our story begins with former Goldman Sachs (http://thepoliticalcoffeehouse.com/2011/12/07/goldman-sachs/)CEO, former Senator, former Governor, the CEO of MF Global Jon Corzine. Jon Corzine being a rather simple fellow and not used to running an investment firm like MF Global, (disregard that he used to be the CEO of Goldman Sachs), was speculating with MF Globals money. Low and behold, after only running MF Global for about a year and a half, poor Jon Corzine had accumulated over $1 Billion in losses. Realizing that he had made this big boo boo and was not going to be able to make good on loans that MF Global had outstanding, poor Jon Corzine called up Jamie Dimon, the powerful leader of the five families, er, I mean the CEO of JP Morgan Chase. Jon Corzine carefully explained to Jamie Dimon that although he was very very sorry, he would not be able to pay back the paltry billion or so dollars that MF Global owed JP Morgan Chase. Much to Jon Corzine’s complete shock, Jamie Dimon then informed him, “You will raid the deposits that are in the accounts of your customers and pay me back.” He then said in a very deadly voice, a voice that stung Jon Corzine to the very bone, (can’t say soul, he probably doesn’t have one), “If you do not do as I say, you will swim with the fishes” and then Jamie Dimon hung up. Jon Corzine, a visibly shaken man, then authorized the theft of over $1 Billion dollars from MF Globals customer accounts and the money transferred to the Godfather, er I mean, Jamie Dimon the most powerful banker in the world.

The preceding story is as told by Max Keiser to Alex Jones, with a few embellishments thrown in by me. The embellishments in this short tale may make it seem rather humerus, but in truth, these people are deadly and that is how they are operating. Kind of a truth is stranger than fiction. Many an ordinary person doing their banking on a daily basis at JP Morgan Chase or investing with Goldman Sachs, will realize that they are dealing with mafia like organizations that are just as ruthless, just as deadly and 100 times smarter than Michael Corleone in the Godfather





15.12.2011, 16:51
Das sagt SNB-Jordan zur Euro-Kurslimite

(http://www.cash.ch/news/topnews/das_sagt_snbjordan_zur_eurokurslimite-1112686-771)http://www.cash.ch/services/img/play/235/8793_Thomas%5FJordan.jpg (http://www.cash.ch/video/20292)
15.12.11, 14:43
(http://www.cash.ch/news/topnews/das_sagt_snbjordan_zur_eurokurslimite-1112686-771)Daniel Hügli, Bern - Die Nationalbank behält die Kursuntergrenze zum Euro bei 1,20 Franken und widersteht damit dem Druck der Schweizer Wirtschaft. Im cash-Video-Interview nimmt SNB-Vizepräsident Thomas Jordan Stellung zum Entscheid. (http://www.cash.ch/news/topnews/das_sagt_snbjordan_zur_eurokurslimite-1112686-771)mehr » (http://www.cash.ch/news/topnews/das_sagt_snbjordan_zur_eurokurslimite-1112686-771)

15.12.2011, 16:58
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
IMF Says Europe Crisis Escalating, Needs External Assistance; Russia Will Use Proceeds From Sale Of US Treasurys To Help Europe (http://www.zerohedge.com/news/imf-says-europe-needs-external-assistance-russia-pledges-use-proceeds-sale-us-treasurys-help-eu)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2011 - 10:53 And so risk assets go to the OFF position following the latest statement from the IMF's Christine Lagarde, who until very recently was France's FinMin, and thus personally responsible for the current economic crunch:

Well, we know the UK is now out, courtesy of idiotic statements such as this one by Christina Noyer. So who will step up? Why Russia it seems.

Why's that? Because like China (more on that in a second), Russia just dumped US bonds for the 12th straight month and instead both Russia and China are now focuing on making Europe their vassal state. So now we know where the money is coming from - sales of US debt of course!

15.12.2011, 17:40
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: The Truth Hurts - And Heals (http://www.zerohedge.com/news/guest-post-truth-hurts-and-heals)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2011 - 11:36 The truth has a unique sting, and an equally unique ability to heal the destruction wrought by dishonesty, fraud and lies. The truth hurts, because the daylight of truth demands changes that the self-serving and those in denial desperately wish to avoid. But there can be no healing or reconciliation without the truth, baldly stated and plainly spoken without artifice or spin. If we can finally be truthful with ourselves as a nation, then we must admit that our financial system is fundamentally based on lies, fraud, embezzlement, misinformation, perverse filters and incentives, shadow systems that mock transparency and regulation, class privilege and the systemic flouting of the rule of law. This is the truth that hurts because it reveals the financial system as one stupendous exploitative fraud; but it also reveals the complicity and irrelevance of our judicial system and the complete capture of the legislative and Executive processes of governance. There is a system of government in which rule of law is merely a propaganda screen, where financial and political Elites run the show and escape the consequences of their actions: it's called tyranny. The truth is that we live in a financial tyranny. There is no other truthful way to describe the U.S.

15.12.2011, 17:44
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Presenting Kyle Bass' Analysis On Shortening Collateral Chains; Or The Gradual Evisceration Of Shadow Banking (http://www.zerohedge.com/news/presenting-kyle-bass-analysis-shortening-collateral-chains-or-gradual-evisceration-shadow-banki)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2011 - 11:16
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Bass%20Collateral.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Bass%20Collateral.jpg)

Kyle Bass presented us with a preview of what to expect in his monthly letter in a David Faber interview yesterday (http://www.zerohedge.com/news/kyle-bass-rehypothecation-and-other-keynesian-endgame-scenarios); today he delivers the full monty with his extended analysis of "shortening collateral chains" in his latest investor letter - a topic that we have been discussing broadly ever since we starting focusing on Shadow Banking two years ago (and why, as we have been pounding the table (http://www.zerohedge.com/news/scramble-us-safety-europe-imploded-offset-357-billion-plunge-q3-shadow-banking), it is the central bankers' primary prerogative to offset the collapse in the shadow banking system more than anything), and narrowly, since the realization of how tenuous the rehypothecation system is. The below analysis leads Bass to come to the one logical conclusion: "As European leaders press forward with failed attempt after failed attempt to suppress borrowing costs, control spending, reduce deficits and prop up what the markets have already told us is a broken monetary system, the data tells us that the citizens of the most troubled and profligate nations are losing confidence in the Euro dream. Trust has been lost, confidence in the system is being lost, and the ultimate consequence of this break down - sovereign defaults —are imminent. We continue to move ever closer to a great restructuring of sovereign debt."

Comments: 19 (http://www.zerohedge.com/news/presenting-kyle-bass-analysis-shortening-collateral-chains-or-gradual-evisceration-shadow-banki#comments)
Reads: 3,730

Thu, 12/15/2011 - 11:26 | 1983468 (http://www.zerohedge.com/news/presenting-kyle-bass-analysis-shortening-collateral-chains-or-gradual-evisceration-shadow-banki#comment-1983468) new DormRoom (http://www.zerohedge.com/users/dormroom)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/dormroom)
Now leaders are turning the ECB into a zombie bank, by allowing it to take questionable collateral from Euro banks, so they don't fire sale assets [1].
[1] http://ftalphaville.ft.com/blog/2011/12/15/802381/let-there-be-credit-cl...
ECB (taxpayers) will be holding bank trash on their balance sheet. All your private trash belong to us.
privatizing profit, and socializing losses continues writ large.
shut it down.

Thu, 12/15/2011 - 11:28 | 1983519 (http://www.zerohedge.com/news/presenting-kyle-bass-analysis-shortening-collateral-chains-or-gradual-evisceration-shadow-banki#comment-1983519) new Tyler Durden (http://www.zerohedge.com/users/tyler-durden)
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Not sure how that is a surprise: we have been saying since July 2010 (http://www.zerohedge.com/article/will-record-plunge-shadow-banking-liabilities-impair-shadow-funding-us-current-account-defic)that "shadow" (and real) collateral is evaporating, due to the ever decreasing cash flow generated by amortizing and depreciating (and not renewed due to CapEx cuts) assets.
The whole game is merely one where the declining asset base has to support an ever greater pillar of liabilities, which means the implied leverage assumed on assets (via Shadow banking transformation) is getting bigger and bigger.
To summarize: traditional banking cap ratios may be declining (to keep Basel III happy) at the expense of shadow leverage ratios which are exploding.
As simple as it gets.

15.12.2011, 19:25
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Live Webcast Of Corzine's Third Testimony Where The Questions Pick Up In Complexity (http://www.zerohedge.com/news/live-webcast-corzines-third-testimony-where-questions-pick-complexity)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2011 - 13:00 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/jon-corzine.jpg

Following the gotcha moment from Tuesday, fully documented here (http://www.zerohedge.com/news/presenting-three-unscripted-sentences-may-have-cost-jon-corzine-his-freedom)and here (http://www.zerohedge.com/news/cme-chairman-terry-duffy-throws-jon-corzine-under-bus), in which CME Executive Chairman Terry Duffy basically caught Jon Comminglerzine committing an act of perjury, or lying about the chronology of his knowledge of MF Global's commingled loans under oath, today we get the third and last (for the time being) testimony of the former CEO of Goldman and MF Global, this time to the House Financial Services Committee. Grab your popcorn, the hearing is live, and Jon Corzine is about to sound just like Hank Paulson because this time it will be a little more difficult to "recall" events that happened 6 weeks ago, now that the CME chairman has been kind enough to remind him.

Comments: 5 (http://www.zerohedge.com/news/live-webcast-corzines-third-testimony-where-questions-pick-complexity#comments)
Reads: 339

Thu, 12/15/2011 - 13:03 | 1983936 (http://www.zerohedge.com/news/live-webcast-corzines-third-testimony-where-questions-pick-complexity#comment-1983936) new justanothernerd (http://www.zerohedge.com/users/justanothernerd)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/justanothernerd)

At what point does someone just stand up and say "Okay, we've heard enough I believe -- let's go ahead and throw your ass in jail. Nice meeting everyone, I'll be in my office having a cocktail."

15.12.2011, 19:46
Panorama: 15. Dezember 2011, 17:23

Eichen rücken vor – Fichten auf dem Rückzug (http://www.nzz.ch/nachrichten/panorama/fichten_auf_dem_rueckzug_1.13663994.html)

http://www.nzz.ch/images/eiche_stieleiche_raps_freiburg_12052008_small_1.13664323.1323962072.jpg (http://www.nzz.ch/nachrichten/panorama/fichten_auf_dem_rueckzug_1.13663994.html) Klimaerwärmung verändert den Schweizer Wald
(http://www.nzz.ch/nachrichten/panorama/fichten_auf_dem_rueckzug_1.13663994.html)Der Schweizer Wald wird sich wegen des Klimawandels mit steigenden Temperaturen und zunehmenden Trockenperioden langfristig verändern. Das hat Folgen für die Forstwirtschaft und auch für den Lawinenschutz.

(sda) Die Fichte, derzeit der Brotbaum der einheimischen Forstwirtschaft, dürfte im Mittelland bald an ihre physiologischen Grenzen stossen, wie die Eidgenössische Forschungsanstalt für Wald, Schnee und Landschaft diese Woche mitteilte. Sie wird unter zunehmenden Trockenperioden leiden und anderen Baumarten Platz machen müssen.

Diese Entwicklung (http://www.wsl.ch/medien/news/waldklima/index_DE)hat Folgen für die Waldwirtschaft, zumal auch die Buche und die Tanne in feuchtere und höhere Lagen zurückgedrängt werden. Auch der Bergahorn und die Sommerlinde werden in tiefen Lagen seltener werden. Hingegen werden Eichenarten und auch der Kirschbaum im Mittelland geeignetere Bedingungen vorfinden. Unter den Nadelbäumen dürfte vor allem die Waldföhre häufiger werden. Bereits in den letzten Jahren und Jahrzehnten ist es trockener geworden, der «Trockenstress» der Bäume nahm zu. Auch mit mehr Waldbränden ist zu rechnen......

Eichen mag ich :supi aber um jeden verdrängten Baum ist es trotzdem schade


15.12.2011, 19:50
M. Chirac ne fera pas appel de sa condamnation (http://www.lemonde.fr/societe/article/2011/12/15/verdict-attendu-dans-l-affaire-des-emplois-fictifs-de-la-ville-de-paris_1618652_3224.html#ens_id=1618653) 63 (http://www.lemonde.fr/societe/reactions/2011/12/15/verdict-attendu-dans-l-affaire-des-emplois-fictifs-de-la-ville-de-paris_1618652_3224.html)

http://s2.lemde.fr/image/2011/12/15/416x0/1619162_3_7fcd_jacques-chirac-le-5-novembre-2010.jpg (http://www.lemonde.fr/societe/article/2011/12/15/verdict-attendu-dans-l-affaire-des-emplois-fictifs-de-la-ville-de-paris_1618652_3224.html#ens_id=1618653)

L'ancien président a été déclaré coupable de "détournement de fonds publics" et "abus de confiance" dans un des deux volets de l'affaire des emplois présumés fictifs de la Ville de Paris.....:rolleyes

15.12.2011, 20:14
Russland Putin weist Vorwurf der Wahlfälschung zurück

15.12.2011 · Mit ihren Protesten wolle die Opposition Russland destabilisieren, hat Ministerpräsident Putin in einer im Fernsehen übertragenen Bürgersprechstunde gesagt. Zudem übte er scharfe Kritik an Amerika.

Von Michael Ludwig (http://www.faz.net/redaktion/michael-ludwig-11104322.html), Moskau
Artikel (http://www.faz.net/aktuell/politik/ausland/russland-putin-weist-vorwurf-der-wahlfaelschung-zurueck-11564031.html?selectedTab=article&showMarginalSlot=1) Bilder (1) (http://www.faz.net/aktuell/politik/ausland/russland-putin-weist-vorwurf-der-wahlfaelschung-zurueck-11564031.html?selectedTab=images&tabCounter=1&showMarginalSlot=0) Lesermeinungen (7) (http://www.faz.net/aktuell/politik/ausland/russland-putin-weist-vorwurf-der-wahlfaelschung-zurueck-11564031.html?selectedTab=comments&tabCounter=2&showMarginalSlot=1)

Der russische Ministerpräsident Putin, der im Frühjahr zum dritten Mal die Präsidentschaft anstrebt, hat Amerika am Donnerstag in einer landesweit übertragenen Fernsehshow hart kritisiert und Washington abermals vorgeworfen, hinter der Protestwelle zu stehen, die Russland nach der von Fälschungsvorwürfen überschatteten Parlamentswahl von 4. Dezember erfasst hat.....


....neckisch treuer Hundeblick :confused:rolleyes:oo

15.12.2011, 20:19
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
UK Vs France: You Decide Who Is Worse (http://www.zerohedge.com/news/uk-vs-france-you-decide-who-worse)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2011 - 13:59 France (http://www.zerohedge.com/category/tags/france) Germany (http://www.zerohedge.com/taxonomy/term/8300) Reuters (http://www.zerohedge.com/category/tags/reuters) United Kingdom (http://www.zerohedge.com/category/tags/united-kingdom) http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/UK%20vs%20France.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/UK%20vs%20France.jpg)

The latest scandalous childish spat in Europe is not between some hardcore religious fanatics in the former Yugoslavia, but between the two countries that traditionally (at least in post-war Europe) have been at the forefront of sense and stability: France and the UK, where things got out of joint after David Cameron vetoed the recent G-27 attempt to bailout French and German banks on the taxpayer's dime, quickly followed up by a media war, and culminating with the idiotic announcement by Bank of France head Christian Noyer who said it is not France who has to be downgraded, but the UK. For our thoughts on this ridiculous statement, which merely confirms how clueless Europe currently is, see here (http://www.zerohedge.com/news/game-theory-over-bank-frances-noyer-says-britain-should-be-downgraded-not-france). We will say no more about who is more hopeless between the two - it is pretty clear that in a global coordinated ponzi, everyone is only as strong as the weakest link, especially among the AAA-club: the fact that a central bank head does not, is grounds for great concern... so instead we will leave it up to our readers. Below, courtesy of Reuters, we present a tableau of the key economic dataseries for the two countries, and benchmarked against Europe's strongest economy: Germany. So is Cameron right in saying he is protecting the UK taxpayers by keeping them isolated from the European maelstrom, or is Noyer correct when he says that the UK is far worse off? Readers decide.

Comments: 32 (http://www.zerohedge.com/news/uk-vs-france-you-decide-who-worse#comments)
Reads: 1,568

Thu, 12/15/2011 - 14:14 | 1984303 (http://www.zerohedge.com/news/uk-vs-france-you-decide-who-worse#comment-1984303) new JustObserving (http://www.zerohedge.com/users/justobserving)
http://www.zerohedge.com/sites/default/files/pictures/picture-42262.png (http://www.zerohedge.com/users/justobserving)

If UK fails then banksters all over the world fail. Where else in the world can you rehypothecate freely and collect free assets legally? Banksters will downgrade France much before the UK.

15.12.2011, 22:04

...wie empfängt ihn wohl sein Heimtland :confused:rolleyes

16.12.2011, 09:21
Skandalöser Fragebogen an US-Uni

"Wen würdest du gern mal vergewaltigen?" (http://www.spiegel.de/unispiegel/studium/0,1518,802315,00.html)

http://cdn4.spiegel.de/images/image-294287-panoV9free-ffwg.jpg (http://www.spiegel.de/unispiegel/studium/0,1518,802315,00.html) http://www.spiegel.de/static/sys/v9/buttons/but_foto_2.png (http://www.spiegel.de/fotostrecke/fotostrecke-76340.html)

Für brutale Riten und Trinkgelage sind US-Studentenverbindungen berühmt und berüchtigt. Jetzt sollten die Mitglieder einer rein männlichen Gruppe an der Uni Vermont in einer Umfrage angeben, wen sie gern sexuell missbrauchen würden. Nicht der erste Skandal in der Herrenrunde. Von Heike Sonnberger mehr... (http://www.spiegel.de/unispiegel/studium/0,1518,802315,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=50113) ]

.... wenn man sich die sogenannte Elite :bad anschaut - kein Wunder bei solchen Vorgaben :oo

16.12.2011, 09:54
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Must Read: Presenting The MF Global Black Box: A Minute By Minute Breakdown Of The Doomed Broker's Last Week On Earth (http://www.zerohedge.com/news/must-read-presenting-mf-global-black-box-minute-minute-breakdown-doomed-brokers-last-week-alive)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2011 - 18:30 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/black%20box.jpg

In order to get to the bottom of every collapse (or death), a forensic analysis of the last minutes of any transition from life to death has to be perormed. So far, we have only had broad strokes of the key events in the last days of MF Global as obviously many of them will implicate the management team in gross criminal behavior. Until now, when courtesy of the CME we have received a full breakdown of every key events in the chronology of MF Global's last days on earth, starting with October 24, and the rating agency downgrade of the futures broker (the same catalyst incidentally that started the AIG death spiral waterfall... and yet clueless pundits will tell you the ratings are totally irrelevant), and ending with the firm's filing for bankruptcy protection. Anyone who has any interest in the MF Global collapse, which incidentally should be anyone who has capital in third party possession and thus has counterparty risk, should read this narrative from first to last bullet.

Comments: 244 (http://www.zerohedge.com/news/must-read-presenting-mf-global-black-box-minute-minute-breakdown-doomed-brokers-last-week-alive#comments)
Reads: 19,328

Thu, 12/15/2011 - 18:33 | 1985446 (http://www.zerohedge.com/news/must-read-presenting-mf-global-black-box-minute-minute-breakdown-doomed-brokers-last-week-alive#comment-1985446) new Benjamin Glutton (http://www.zerohedge.com/users/benjamin-glutton)
http://www.zerohedge.com/sites/default/files/pictures/picture-68762.jpg (http://www.zerohedge.com/users/benjamin-glutton)
sold 1.3 Billion in Commercial Paper through JPM but JPM kept the funds according to todays testimony by Corzine.

Thu, 12/15/2011 - 18:35 | 1985454 (http://www.zerohedge.com/news/must-read-presenting-mf-global-black-box-minute-minute-breakdown-doomed-brokers-last-week-alive#comment-1985454) new Tyler Durden (http://www.zerohedge.com/users/tyler-durden)
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Read this to understand why JPMorgan, due to being one of only two tri-party repo clearers, effectively can do anything it wants in the capital markets:
A Rare Glimpse Into The Fed's Discount Window Courtesy Of The Brewing Lehman-Barclays Scandal (http://www.zerohedge.com/article/rare-glimpse-feds-discount-window-courtesy-brewing-lehman-barclays-scandal)
And then read this:
Tri-Party Repo Infrastructure Reform (http://www.newyorkfed.org/banking/nyfrb_triparty_whitepaper.pdf)
...And then everything will start falling into place.

Thu, 12/15/2011 - 19:14 | 1985588 (http://www.zerohedge.com/news/must-read-presenting-mf-global-black-box-minute-minute-breakdown-doomed-brokers-last-week-alive#comment-1985588) new redpill (http://www.zerohedge.com/users/redpill)
http://www.zerohedge.com/sites/default/files/pictures/picture-24980.gif (http://www.zerohedge.com/users/redpill)
- Corzine insists on making huge investments in risky Euro bonds, meanwhile his company is carrying 37x leverage and is losing money.
- Company gets downgraded due to the above circumstances
- Margin calls ensue after MF Global is downgraded to junk
- They run out of money and start using segregated client funds to cover their shortfalls elsewhere in desperate hopes that they get bought by Interactive Brokers
- IB hears about the shortfall in segregated funds and gets out of dodge
- Bankruptcy
- Some poor CME bastard named Mike Procajlo stays up for about 3 days (soldier!) trying to figure out what the fuck is going only to realise it's a lost cause
- Where's the money Corzinowski?

Fri, 12/16/2011 - 02:22 | 1986215 (http://www.zerohedge.com/news/must-read-presenting-mf-global-black-box-minute-minute-breakdown-doomed-brokers-last-week-alive#comment-1986215) Mauibrad (http://www.zerohedge.com/users/mauibrad)
http://www.zerohedge.com/sites/default/files/pictures/picture-66902.jpg (http://www.zerohedge.com/users/mauibrad)
Tyler, did you click down to this:
"Most articles have posited or assumed that the counterparty to the $6.3 billion European debt repo-to-maturity trades was a large Wall Street entity, such as Goldman, JP Morgan or even Nomura. This is likely not the case because regulatory filings of the broker/dealer unit indicate that, as of March 31, 2011, the counterparty was an affiliate of MF Global Inc."
Much more on JPM in this at:
From: http://english.economicpolicyjournal.com/2011/11/mf-global-bankruptcy-cheat-sheet-where.html

:schwitz man sollte so viel lesen :rolleyes:oo

16.12.2011, 09:58
...gehört zum obigen posting - wie lange schon werden die Machenschaften angeprangert - nothing has happened :dumm die Menschen wollen wohl ihr Leben lang über den Tisch gezogen werden :rolleyes:oo

Thu, 12/15/2011 - 21:16 | 1985802 (http://www.zerohedge.com/news/must-read-presenting-mf-global-black-box-minute-minute-breakdown-doomed-brokers-last-week-alive#comment-1985802) Goldilocks (http://www.zerohedge.com/users/goldilocks)
http://www.zerohedge.com/sites/default/files/pictures/picture-31598.jpg (http://www.zerohedge.com/users/goldilocks)

A blast from the past...

Max Keiser & Tyler Durden. (interview)


On the Edge with Max Keiser - 14 August 2009 - (1/3) - YouTube (http://www.youtube.com/watch?v=AqKFaYjqE2Q)

On the Edge with Max Keiser - 14 August 2009 - (2/3) - YouTube (http://www.youtube.com/watch?v=jdChvPlmGDo)

On the Edge with Max Keiser - 14 August 2009 - (3/3) - YouTube (http://www.youtube.com/watch?v=XepQs47XaIE)

16.12.2011, 10:10
Politik: 16. Dezember 2011, 09:40

Tötung von Ghadhafi könnte Kriegsverbrechen gewesen sein (http://www.nzz.ch/nachrichten/politik/international/gaddafi_ocampo_kriegsverbrechen_1.13672183.html)

http://www.nzz.ch/images/luis_moreno-ocampo_small_1.11089763.1309270321.jpg (http://www.nzz.ch/nachrichten/politik/international/gaddafi_ocampo_kriegsverbrechen_1.13672183.html) ICC-Chefankläger Moreno-Ocampo will Auskunft über Aufarbeitung der Gewalt in Libyen

(http://www.nzz.ch/nachrichten/politik/international/gaddafi_ocampo_kriegsverbrechen_1.13672183.html)Der Internationale Strafgerichtshof (ICC) schliesst nicht aus, dass die Tötung Ghadhafis ein Kriegsverbrechen gewesen sein könnte.

(ddp) Bei der Tötung des früheren libyschen Machthabers Muammar al-Ghadhafi könnte es sich nach Ansicht des Internationalen Strafgerichtshofs (ICC) um ein Kriegsverbrechen gehandelt haben....

...kann man das denn nicht endlich ruhen lassen :confused:rolleyes


16.12.2011, 10:14
Panorama: 16. Dezember 2011, 09:05

Atomruine Fukushima «unter Kontrolle» (http://www.nzz.ch/nachrichten/panorama/fukushima_unter_kontrolle_1.13671788.html)

Ziel der Kaltabschaltung laut Regierung erreicht – Umweltschützer sprechen von Irreführung

http://www.nzz.ch/images/fukushima_lead_1.13671913.1324022606.jpg (http://www.nzz.ch/nachrichten/panorama/fukushima_unter_kontrolle_1.13671788.html)Die Atomkatastrophe von Fukushima ist nach Einschätzung der japanischen Regierung neun Monate nach ihrem Beginn unter Kontrolle. Die Reaktoren in der havarierten Anlage befänden sich «im Zustand der Kaltabschaltung», sagte Regierungschef Yoshihiko Noda.

(sda/dpa/ddp) Das Ziel, die in Folge des Erdbebens und Tsunamis vom März schwer beschädigten Reaktoren bis zum Jahresende zu einem sogenannten «cold shutdown» und damit unter Kontrolle zu bringen, sei nun erreicht, sagte Noda weiter. Damit träten nicht länger beträchtliche Mengen an Radioaktivität in die Umgebung aus.

Umweltschützer kritisieren das als eine bewusste Irreführung der Bevölkerung. Nach Definition der Regierung und des Atombetreibers Tepco liegt eine Kaltabschaltung vor, wenn die Temperatur am Boden der Druckbehälter unter 100 Grad gehalten wird......

Klaus Reinstein (16. Dezember 2011, 09:55)
...manche Leute kapieren offenbar nicht, dass die Zeiten des unbedarften manipulierbaren Plebs vorbei sind. (....manchmal zweifle ich dran - aber schön wär's :oo)


16.12.2011, 10:18
Sturm Joachim erreicht die Schweiz – Zug prallt in Baum (http://www.tagesanzeiger.ch/panorama/vermischtes/Sturm-Joachim-erreicht-die-Schweiz--Zug-prallt-in-Baum/story/20253941)

http://files.newsnetz.ch/story/2/0/2/20253941/43/teasersmall16x9.jpg?1324026554 (http://www.tagesanzeiger.ch/panorama/vermischtes/Sturm-Joachim-erreicht-die-Schweiz--Zug-prallt-in-Baum/story/20253941) Ein starkes Sturmtief zieht heute über die Schweiz. Im Berner Jura ereignete sich ein Zugunfall. In Frankreich ist ein Frachter auf Grund gelaufen. Mehr... (http://www.tagesanzeiger.ch/panorama/vermischtes/Sturm-Joachim-erreicht-die-Schweiz--Zug-prallt-in-Baum/story/20253941)

Aktualisiert vor 15 Minuten Update folgt...

10:15 Uhr – Zürich http://files.newsnetz.ch/img/liveticker/2463/63421.jpg (http://www.tagesanzeiger.ch/panorama/vermischtes/Sturm-Joachim-erreicht-die-Schweiz--Zug-prallt-in-Baum/story/20253941#) Einzelne Annullationen von Flügen

Im Flughafen Zürich wappnet man sich für Sturmtief Joachim. Um die Mittagszeit sind bereits einzelne Flüge verspätet oder annulliert. (http://www.tagesanzeiger.ch/zuerich/region/Der-Windpikettdienst-steht-schon-auf-der-Piste-bereit/story/24283967?cache=9efAwefu)

Bild: Warten auf Joachim: Am Flughafen herrscht Ruhe vor dem Sturm.

16.12.2011, 10:20
Frankreich rutscht vor Präsidentenwahl in Rezession (http://www.tagesanzeiger.ch/ausland/europa/Frankreich-rutscht-vor-Prsidentenwahl-in-Rezession/story/28444810)

http://files.newsnetz.ch/story/2/8/4/28444810/10/teasersmall16x9.jpg?1324026554 (http://www.tagesanzeiger.ch/ausland/europa/Frankreich-rutscht-vor-Prsidentenwahl-in-Rezession/story/28444810) Die Wirtschaftsleistung des Landes wird laut der französischen Statistikbehörde in den nächsten Monaten weiter zurückgehen. Es wird mit einem massiven Verlust von Arbeitsplätzen gerechnet. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Frankreich-rutscht-vor-Prsidentenwahl-in-Rezession/story/28444810)

Aktualisiert um 07:53 5 Kommentare (http://www.tagesanzeiger.ch/ausland/europa/Frankreich-rutscht-vor-Prsidentenwahl-in-Rezession/story/28444810#kommentar)

16.12.2011, 10:22
Russia toughens UN stance on Syria (http://www.aljazeera.com/news/europe/2011/12/20111215205512630181.html)
Western diplomats welcome draft resolution condemning violence by "all parties" but say it does not go far enough.
Last Modified: 16 Dec 2011 09:17 GMT

Read More (http://www.aljazeera.com/news/europe/2011/12/20111215205512630181.html)


16.12.2011, 10:30
China treibt Yuan auf Rekordhoch

16.12.11, 08:31
Die chinesische Notenbank (PBOC) hat zur Stützung der nationalen Währung Yuan offenbar am Geldmarkt interveniert....

....Händlern zufolge pumpte die PBOC über die großen staatlichen Banken riesige Mengen an Dollar in den Kreislauf, was den Yuan am Freitag auf ein Rekordhoch von 6,3294 pro Dollar steigen ließ. "Dies ist ein klarer Eingriff durch die Regierung, um den Yuan zu stützen", sagte ein Händler einer europäischen Bank in Schanghai....

mehr » (http://www.cash.ch/news/topnews/china_treibt_yuan_auf_rekordhoch-1113047-771)

....täusche ich mich :confused:rolleyes geht's üblicherweise nicht andersrum, wenn die Wirtschaft hinkt möchte man doch eine tiefe Währung :confused:rolleyes:nw

16.12.2011, 10:52
15 Brilliant Insights From Hedge Fund Superstar Kyle Bass

1. How long of a road do we have?
"I think we have... let's say the political elite think we have 10 years -- I think we have 3-5 and it's predicated on the acceleration on what happens in Europe and Japan," Bass said......

11. Investors should be more in cash.
"I think in the environment that we are talking about, the U.S. dollar will be fine int he short to medium term and if we are right about Europe and Japan."
He thinks people should be more in cash.
"I hope that's right.".........

Read more: http://www.businessinsider.com/americatalyst-kyle-bass-2011-12#how-long-of-a-road-do-we-have-1#ixzz1ggoJ1C8S

16.12.2011, 10:55
Markets Are Up Again, As Italian Yields Sink Some More (http://www.businessinsider.com/morning-markets-december-16-2011-12)

We might end this week on a bullish note. US futures are rallying modestly, as Italian yields sink some more.

The Italian 10-year is down to 6.4%.

The Italian 2-year is down to 5.2%.

The Italian stock market is up 0.33%.

Overall, a fairly quiet day so far.

Read more: http://www.businessinsider.com/morning-markets-december-16-2011-12#ixzz1ggqGhdH0

16.12.2011, 12:55
http://www.zerohedge.com/sites/default/files/pictures/picture-9750.png (http://www.zerohedge.com/users/ransquawk-video)
RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 16/12/11 (http://www.zerohedge.com/news/ransquawk-european-morning-briefing-stocks-bonds-fx-etc-%E2%80%93-161211)

Submitted by RANSquawk Video (http://www.zerohedge.com/users/ransquawk-video) on 12/16/2011 - 06:07


16.12.2011, 12:56
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Market Snapshot: European Dispersion And The CDS Roll (http://www.zerohedge.com/news/market-snapshot-european-dispersion-and-cds-roll)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/16/2011 - 06:51 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/12/20111216_BC4_1.pngNext week, credit derivatives will roll from December to March maturities. The last couple of days have seen increasing dispersion across sovereign, and corporate equity and credit markets in Europe. The modestly bullish bias to credit index moves, while not totally dismissible as optimism, is likely to have a number of technical drivers implying that investors should not read too much into the compression. Liquidity has dropped notably in both single-name and index products recently and credit derivative dealers have increased the spread between the bid and the offer accordingly - this means the roll adjustment may be even more expensive this time around and for traders with a book full of single-name CDS, positioned more short, the bias will be to sell index protection to 'hedge' some of that roll-adjustment. The other technical is the indices swung once again from rich to cheap into the middle of this week (meaning the indices trade on a cheap basis to the cost of the underlying components) and so heading into a roll, arbitrageurs will want to rapidly take advantage of this - especially in the high-beta XOver and Subordinated financials space. So, all-in-all there has been some optimism in credit markets the last two days but as-ever we pour some sold water on the excitement as all-too-likely this is driven by roll and arb technicals, as opposed to a wall of risk-hungry buyers.

16.12.2011, 14:27
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Daily US Opening News And Market Re-Cap: December 16 (http://www.zerohedge.com/news/daily-us-opening-news-and-market-re-cap-december-16)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/16/2011 - 07:10

Fitch downgraded the long-term IDR ratings of seven major banks, including, Bank of America, Goldman Sachs, Citigroup, Barclays, BNP Paribas, Credit Suisse and Deutsche Bank
Market talk that S&P may downgrade sovereign ratings of Spain and Italy today, however the talk remains unconfirmed
Eurozone 10-year government bond yield spreads tightened across the board, with particular narrowing observed in the Spanish/German and Italian/German spreads
According to a senior Troika official, the aim of Greek talks is a voluntary debt swap, however there are no guarantees of success, adding that the Greek 2011 deficit is likely to be higher than the 9% of GDP target
German FDP party approved the set-up of ESM

16.12.2011, 16:04
Gold und Franken: Der Hafen wird unsicher

http://www.cash.ch/services/img/news/235/6610_Geld%5FBanknote%5F20Franken%5FSchiffchen.jpg (http://www.cash.ch/news/topnews/gold_und_franken_der_hafen_wird_unsicher-1113287-771)
16.12.11, 15:00
(http://www.cash.ch/news/topnews/gold_und_franken_der_hafen_wird_unsicher-1113287-771)Gold und Schweizer Franken bieten den Anlegern nach Ansicht der UBS keine Zuflucht mehr vor der Euro-Schuldenkrise und den Turbulenzen an den Finanzmärkten. (http://www.cash.ch/news/topnews/gold_und_franken_der_hafen_wird_unsicher-1113287-771)mehr » (http://www.cash.ch/news/topnews/gold_und_franken_der_hafen_wird_unsicher-1113287-771)

:schwitz ....also bin ich gleich in zwei unsicheren Häfen :rolleyes:D

16.12.2011, 16:11
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Charting China's Take Over Of The Banking World... And A Stark Warning (http://www.zerohedge.com/news/charting-chinas-take-over-banking-world-and-stark-warning)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/16/2011 - 09:08 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/China%20Banks.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/China%20Banks.jpg)

In what may come as a surprise to some, the top 3 banks in the world by market cap, are not based in the US, nor the UK, nor, obviously, Europe. All three are Chinese, namely ICBC, CCB and the Agricultural Bank of China. The top two US banks by market cap, Wells and JPM, are 4th and 6th respectively. And what is probably scarier, and what is not shown on the chart, is the amount of "assets" that these banks need to hold on their balance sheets to generate the returns needed to maintain this market cap: off the top of our head we would imagine that the US banks, when adding derivative exposure, have balance sheet risk that is orders of magnitude higher than that of China. Yet the most fascinating aspect is the amazing speed with which China took over the banking world (and with which market caps have increased), in the past 20 years. Without a single bank in the top 10 as recently as 2005, China now has 4 banks among the ten biggest in the world. Yet should China be worried and is history poised to repeat? Back in 1991, 6 of the top 10 largest banks in the world... were Japanese. Now not one of the 6 is to be found anywhere.

Comments: 37 (http://www.zerohedge.com/news/charting-chinas-take-over-banking-world-and-stark-warning#comments)
Reads: 3,133

16.12.2011, 17:10
In Memoriam: Christopher Hitchens, 1949–2011

By Juli Weiner (http://www.vanityfair.com/contributors/juli-weiner)

11:45 PM, December 15 2011

http://www.vanityfair.com/online/daily/2011/12/In-Memoriam-Christopher-Hitchens-19492011/_jcr_content/par/cn_contentwell/par-main/cn_blogpost/cn_float_container/cn_image.size.hitchens-2004-contributor-image.jpg By Gasper Tringale.

Christopher Hitchens—the incomparable critic, masterful rhetorician, fiery wit, and fearless bon vivant—died today at the age of 62. Hitchens was diagnosed with esophageal cancer in the spring of 2010, just after the publication of his memoir, Hitch-22 (http://www.amazon.com/Hitch-22-Memoir-Christopher-Hitchens/dp/0446540331), and began chemotherapy soon after. His matchless prose has appeared in Vanity Fair since 1992, when he was named contributing editor.

“Cancer victimhood contains a permanent temptation to be self-centered and even solipsistic,” Hitchens wrote (http://www.vanityfair.com/culture/features/2010/12/hitchens-201012) nearly a year ago in Vanity Fair, but his own final labors were anything but: in the last 12 months, he produced for this magazine a piece (http://www.vanityfair.com/politics/features/2011/07/osama-bin-laden-201107) on U.S.-Pakistani relations in the wake of Osama bin Laden’s death, a portrait (http://www.vanityfair.com/culture/features/2011/10/joan-didion-201110) of Joan Didion, an essay (http://www.vanityfair.com/culture/features/2011/09/private-eye-201109) on the Private Eye retrospective at the Victoria and Albert Museum, a prediction (http://www.vanityfair.com/politics/features/2011/04/hitchens-201104) about the future of democracy in Egypt, a meditation (http://www.vanityfair.com/online/daily/2011/02/dont-mess-with-wisconsin) on the legacy of progressivism in Wisconsin, and a series of frank (http://www.vanityfair.com/culture/features/2011/06/christopher-hitchens-unspoken-truths-201106), graceful (http://www.vanityfair.com/culture/features/2010/09/hitchens-201009), and exquisitely written essays (http://www.vanityfair.com/culture/features/2010/10/hitchens-201010) in which he chronicled the physical and spiritual effects of his disease. At the end, Hitchens was more engaged, relentless, hilarious, observant, and intelligent than just about everyone else—just as he had been for the last four decades.

“My chief consolation in this year of living dyingly has been the presence of friends,” he wrote (http://www.vanityfair.com/culture/features/2011/06/christopher-hitchens-unspoken-truths-201106) in the June 2011 issue. He died in their presence, too, at the MD Anderson Cancer Center in Houston, Texas. May his 62 years of living, well, so livingly console the many of us who will miss him dearly.

A Memorial by Graydon Carter (http://www.vanityfair.com/culture/christopher-hitchens/graydon-201112)
Video: Christopher Hitchens’ Wit and Wisdom (http://www.vanityfair.com/video/2011/12/1329955421001)
Slide Show: A Life in Pictures (http://www.vanityfair.com/culture/features/2011/12/christopher-hitchens-slideshow-201112)
Vanity Fair’s tribute page to Christopher Hitchens (http://www.vanityfair.com/culture/christopher-hitchens)



http://www.vanityfair.com/online/daily/2011/11/Christopher-Hitchens-on-iThe-Daily-Showi-Sparring-with-Jon-Stewart-Over-the-Years/_jcr_content/cn_page_metadata/search.rendition.thumb.s-hitchens-daily-show.jpg (http://www.vanityfair.com/online/daily/2011/11/Christopher-Hitchens-on-iThe-Daily-Showi-Sparring-with-Jon-Stewart-Over-the-Years) Christopher Hitchens on The Daily Show: Sparring with Jon Stewart Over the Years (http://www.vanityfair.com/online/daily/2011/11/Christopher-Hitchens-on-iThe-Daily-Showi-Sparring-with-Jon-Stewart-Over-the-Years)

Distanz von der Linken und Bewertung des Terrorismus [Bearbeiten (http://de.wikipedia.org/w/index.php?title=Christopher_Hitchens&action=edit&section=3)]

Hitchens, ein ehemaliger Trotzkist (http://de.wikipedia.org/wiki/Trotzkismus)[8] (http://de.wikipedia.org/wiki/Christopher_Hitchens#cite_note-7) und Kolumnist der linken Zeitschrift The Nation (http://de.wikipedia.org/wiki/The_Nation_%28Vereinigte_Staaten%29), hatte mit seinen investigativen (http://de.wikipedia.org/wiki/Investigativer_Journalismus) Recherchen lange Zeit Beifall aus dem Lager der Linken erhalten, u.a. für sein 2001 veröffentlichtes Buch über den ehemaligen US-Außenminister Henry Kissinger (http://de.wikipedia.org/wiki/Henry_Kissinger), den er scharf kritisierte wegen dessen Mitverantwortung für die CIA-Aktivitäten in Chile (http://de.wikipedia.org/wiki/CIA-Aktivit%C3%A4ten_in_Chile), die sinnlose Ausdehnung des Vietnamkrieges (http://de.wikipedia.org/wiki/Vietnamkrieg) und die Rolle der Vereinigten Staaten beim Völkermord in Osttimor (http://de.wikipedia.org/wiki/Geschichte_Osttimors#Indonesische_Besatzungszeit). Hitchens begann sich jedoch allmählich von den Positionen der Linken zu distanzieren, besonders nachdem die Fatwa (http://de.wikipedia.org/wiki/Fatwa) gegen seinen langjährigen Freund Salman Rushdie (http://de.wikipedia.org/wiki/Salman_Rushdie) verhängt worden war. Nach dem 11. September (http://de.wikipedia.org/wiki/Terroranschl%C3%A4ge_am_11._September_2001) verstärkte Hitchens seine Kritik an der Linken und stellte sich zur Überraschung seiner früheren Mitstreiter auf die Seite der Neokonservativen (http://de.wikipedia.org/wiki/Neokonservatismus).[9] (http://de.wikipedia.org/wiki/Christopher_Hitchens#cite_note-8)[10] (http://de.wikipedia.org/wiki/Christopher_Hitchens#cite_note-9)

Ein Grund für diesen Gesinnungswandel waren die Erklärungsversuche vieler Linker für den islamistischen Terrorismus (http://de.wikipedia.org/wiki/Islamistischer_Terrorismus). Hitchens übte scharfe Kritik an Versuchen, die Terroranschläge als Reaktion auf einen „strukturellen Imperialismus“ der Vereinigten Staaten zu deuten. Die Attentäter des 11. September seien vielmehr „Faschisten mit einem islamischen Gesicht (http://de.wikipedia.org/wiki/Islamfaschismus)“[11] (http://de.wikipedia.org/wiki/Christopher_Hitchens#cite_note-10); dies dürfe nicht durch globalisierungskritische Formeln vergessen werden, in welchen die Täter zu Opfern stilisiert würden. Die Neue Linke (http://de.wikipedia.org/wiki/Neue_Linke) habe als Ausdruck der Postmoderne (http://de.wikipedia.org/wiki/Postmoderne) einen relativistischen (http://de.wikipedia.org/wiki/Relativismus) Charakter angenommen. The Nation verließ Hitchens im Streit, nachdem er Redakteuren und Lesern vorgeworfen hatte, den damaligen US-Justizminister John Ashcroft (http://de.wikipedia.org/wiki/John_Ashcroft) für eine größere Gefahr zu halten als Osama bin Laden (http://de.wikipedia.org/wiki/Osama_bin_Laden).[12] (http://de.wikipedia.org/wiki/Christopher_Hitchens#cite_note-11) Allerdings hat er seitdem immer wieder betont, dass sich seine Ansichten seitdem nicht wesentlich verändert haben. Vielmehr sieht er die Unterstützung des Irak-Kriegs (http://de.wikipedia.org/wiki/Irak-Krieg) gerade als zwingende Konsequenz aus seiner religionskritischen Haltung und seinem Bekenntnis zu einem „säkularen Humanismus (http://de.wikipedia.org/wiki/Humanismus#S.C3.A4kularer_Humanismus)“.

Im Internet-Magazin Slate erklärte Hitchens am 30. Mai 2011, das Versagen des Westens, den serbischen Verbrechen während des Bosnien-Krieges entgegenzutreten, habe die „Gemetzel“ verlängert. Selbst nach Dayton (http://de.wikipedia.org/wiki/Abkommen_von_Dayton) habe man Slobodan Milošević (http://de.wikipedia.org/wiki/Slobodan_Milo%C5%A1evi%C4%87) hinsichtlich des Kosovo (http://de.wikipedia.org/wiki/Kosovo) Konzessionen angeboten, bis der Plan der ethnischen Säuberung der Albaner aus Kosovo und Mazedonien schließlich scheiterte. Hitchens verglich Ratko Mladić (http://de.wikipedia.org/wiki/Ratko_Mladi%C4%87) mit John Demjanjuk (http://de.wikipedia.org/wiki/John_Demjanjuk); anders als jener sei Mladić aber kein Befehlsempfänger, sondern der Organisator der Verbrechen gewesen.[13] (http://de.wikipedia.org/wiki/Christopher_Hitchens#cite_note-12)


....ich kannte ihn kaum :( hab mal was in Vanity Fair gelesen - jedenfalls scheint er sehr viel Respekt genossen zu haben, wenn auch nicht immer Zustimmung :cool

16.12.2011, 17:53
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
MF Global Is Coming To Town (http://www.zerohedge.com/news/mf-global-coming-town)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/16/2011 - 11:31 The Santa Claus rally may finally be here. In an ironic twist, as Corzine's firm is in bankruptcy and he is at personal risk of prosecution, we are rallying because for all intents and purposes, the ECB has allegedly told banks to load up on the MF Global trade. Banks are supposedly using ECB money to buy up short dated Italian and Spanish paper. Corzine must be bitter - his trade is the latest bailout.

Comments: 4 (http://www.zerohedge.com/news/mf-global-coming-town#comments)
Reads: 287

16.12.2011, 18:26

[/url]Autor: Frank Stocker| 15.12.2011
Selbst in der Schweiz ist das Ersparte in Gefahr

In der Schweiz tickt eine Zeitbombe: Die Franken-Menge hat sich in kurzer Zeit verfünffacht. Im schlimmsten Fall muss die Nationalbank den Bankrott fürchten.

Die [url="http://www.welt.de/wirtschaft/article13657963/Die-Schweiz-ist-das-innovativste-Industrieland.html"]Schweiz gilt als ein Hort der Stabilität. (http://www.welt.de/finanzen/article13769582/Selbst-in-der-Schweiz-ist-das-Ersparte-in-Gefahr.html?print=true) Millionen Anleger aus aller Welt, auch viele Deutsche, haben dort ihr Geld geparkt und haben in den vergangenen Monaten Schweizer Franken gekauft. Denn in die eigene Währung haben viele das Vertrauen verloren, in der Eidgenossenschaft wähnt man sein Erspartes sicher.

http://www.welt.de/multimedia/archive/01528/Grafik_Schweiz1_DW_1528326l.jpg (http://www.welt.de/finanzen/article13769582/Selbst-in-der-Schweiz-ist-das-Ersparte-in-Gefahr.html#article_img_0_detail) Foto: Infografik Welt Online (http://www.welt.de/finanzen/article13769582/Selbst-in-der-Schweiz-ist-das-Ersparte-in-Gefahr.html#) Schweizer Franken gegenüber dem Euro Doch das könnte sich als eine teure Illusion erweisen. Denn die Turbulenzen um den Franken haben in den vergangenen Monaten eine neue Lage geschaffen. Von der Öffentlichkeit weitgehend unbemerkt ist zwischen den Alpentälern eine Geldblase entstanden, die jederzeit platzen kann – mit gravierenden Folgen für die Schweiz, aber auch für Anleger und Sparer, die auf die Stabilität der kleinen und feinen Fluchtburg gesetzt haben. „Es ist eine völlig unstabile Situation und man weiß derzeit nicht, wie man da wieder herauskommt“, sagt Alfred Roelli, Leiter der Finanzanalyse bei der Schweizer Privatbank Pictet.....

.....Ein viel gravierenderes Problem ist jedoch, dass sich die Schweiz mit ihrer Aktion auf Gedeih und Verderb dem Euro und dessen Zukunft ausgeliefert hat. Sollte dieser doch irgendwann auseinander fallen, ist die Frage, was sie dann mit ihrem Euro macht. Natürlich wird es Nachfolgewährungen geben, in die ihre Reserven getauscht werden. Doch werden diese dann ab- oder aufwerten? Das Problem dahinter: Die Geldmenge, die die Nationalbank produziert hat, macht inzwischen rund zwei Drittel der Wirtschaftsleistung der Schweiz aus. In den USA sind es beispielsweise nur 20 Prozent. Kleinste Veränderungen im Wert der Geldbestände bei der Schweizer Nationalbank können also schnell Verluste erzeugen, die für die Schweiz nur noch schwer tragbar sind.....

ganzer Artikel: http://www.welt.de/finanzen/article13769582/Selbst-in-der-Schweiz-ist-das-Ersparte-in-Gefahr.html

:rolleyes:confused dieses Anbinden an den € fand ich auch nicht gut - allerdings weiss ich natürlich auch nix besseres :rolleyes:oo

16.12.2011, 18:37
Wirtschaft: 16. Dezember 2011, 16:22

Streit mit den USA überschattet Russlands WTO-Beitritt (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/streit_mit_den_usa_ueberschattet_russlands_wto-beitritt_1.13678665.html)

Altes amerikanisches Gesetz verhindert Handelsbegünstigungen für Moskau

http://www.nzz.ch/images/wto_lead_1.13678806.1324048525.jpg (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/streit_mit_den_usa_ueberschattet_russlands_wto-beitritt_1.13678665.html) Der Kalte Krieg lässt grüssen: Unter Hinweis auf ein US-Gesetz verweigern die USA dem neuen WTO-Mitglied Russland jegliche Handelsbegünstigungen ohne vorherige Zustimmung durch den Kongress. Moskau reagierte prompt und drohte mit Vergeltungsmassnahmen.

(sda/dpa/ddp) Die Welthandelsorganisation (WTO) hat Russland als Mitglied aufgenommen. Die am Freitag in Genf verkündete Entscheidung hat grosse Auswirkungen auf den Handel zwischen der EU und Russland. Laut Schätzungen wird die EU ihre Exporte nach Russland um etwa vier Milliarden Euro jährlich steigern können. Für Russland bringt die WTO-Mitgliedschaft bessere Bedingungen für ihre Öl- und Gasexporte. Russland hat sich 18 Jahre um die WTO-Aufnahme bemüht, die 30 Tage nach der Mitteilung der russischen Regierung in Kraft tritt, dass das russische Parlament der Mitgliedschaft zugestimmt hat.

Die WTO-Aufnahme Russlands wurde indessen durch einen Streit zwischen Moskau und Washington, der auf den Kalten Krieg zurückgeht, überschattet. Die USA meldeten offiziell Vorbehalte gegen Russland an und verweigern dem Land vorerst Handelsbegünstigungen, die durch WTO-Mitgliedschaft ermöglicht werden.

Eine entsprechende Mitteilung an das Sekretariat der Organisation wurde am Freitag bei der WTO-Ministerkonferenz in Genf bekanntgemacht. Russland reagierte umgehend mit einer ähnlichen Massnahme.......


16.12.2011, 18:42
Politik: 16. Dezember 2011, 16:30

Doch eine Rochade im Bundesrat (http://www.nzz.ch/nachrichten/politik/schweiz/doch_eine_rochade_im_bundesrat_1.13676119.html)

http://www.nzz.ch/images/burkhalter_small_1.13678329.1324046443.jpg (http://www.nzz.ch/nachrichten/politik/schweiz/doch_eine_rochade_im_bundesrat_1.13676119.html) Burkhalter wird Aussenminister - Berset übernimmt EDI

(http://www.nzz.ch/nachrichten/politik/schweiz/doch_eine_rochade_im_bundesrat_1.13676119.html)Im Bundesrat kommt es nach der Wahl von Alain Berset doch zu einer Rochade. Der bisherige Innenminister Didier Burkhalter wechselt ins Aussendepartement. Berset übernimmt das Innendepartement. Dieses geht nach elfjähriger freisinniger Amtsführung damit wieder an die SP.

(tsf./sda) Im Bundesrat kommt es zu einem Departementswechsel. Innenminister Didier Burkhalter (fdp.) übernimmt das Aussendepartement (EDA). Der neu gewählte SP-Bundesrat Alain Berset wird Innenminister, wie Bundesratssprecher André Simonazzi am Freitag vor den Medien sagte. Alle anderen Bundesräte bleiben in ihren bisherigen Departementen....

:rolleyes jetzt hätte mal ein etwas flotter Mann die Schweiz vertreten können - und nun so was eher farbloses :rolleyes (ist natürlich meine Meinung, kann mich auch irren :oo)


16.12.2011, 19:46
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: Do We Get a Year-End Rally Or Not? Santa Dukes It Out With Mr. VIX (http://www.zerohedge.com/news/guest-post-do-we-get-year-end-rally-or-not-santa-dukes-it-out-mr-vix)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/16/2011 - 12:36 Everybody wants a Santa rally in stocks: Wall Street, the financial media cheerleaders, mutal fund managers, politicos, pump-and-dumpers, retail investors, gamblers, grifters and even Mrs. Santa all want a year-end stock market rally. Santa's willing, but he's going to have to get past Mr. VIX. The VIX volatility index is a remarkably accurate indicator of market highs and lows. You can see how well extremes in the VIX line up with highs and lows in the S&P 500 in the charts below. I've marked the "Highs/Sells" in red lines and the "Lows/Buys" in black lines. As you can see, Mr. VIX isn't signaling a big fat buy here--he's signaling a big fat sell. The general idea with Mr. VIX is that when investors are panicky and bearish, then they buy hedges against further declines, and this spikes the VIX up. If the VIX breaches the upper Bollinger Band, that aligns rather closely with the stock market lows. If complacency is high and few investors feel much need to hedge against declines, then the VIX drops to the lower Bollinger Band. That generally aligns with market tops. The VIX just plummeted below 25. The last time it fell below 25, the market reversed and sold off hard. Bulls expecting Santa to deliver a rally come heck or high water have to explain why the VIX is no longer relevant, and what looks like a strong VIX sell signal is actually a monster-buy signal.

Comments: 20 (http://www.zerohedge.com/news/guest-post-do-we-get-year-end-rally-or-not-santa-dukes-it-out-mr-vix#comments)
Reads: 2,433

16.12.2011, 19:50
http://www.aljazeera.com/mritems/imagecache/89/135/mritems/Images/2011/12/16/2011121616160677734_20.jpg (http://www.aljazeera.com/news/europe/2011/12/2011121616251795938.html) London unveils 'modern' Routemaster (http://www.aljazeera.com/news/europe/2011/12/2011121616251795938.html)

British capital welcomes a new bus said to be the modern version of the city's much-loved and iconic model.

Last Modified: 16 Dec 2011 17:57 GMT

16.12.2011, 19:58
http://www.aljazeera.com/mritems/imagecache/318/480/mritems/Images/2010/12/17/20101217235316611884_20.jpg (http://www.aljazeera.com/news/americas/2011/12/2011121615232245944.html) Bradley Manning appears in US court (http://www.aljazeera.com/news/americas/2011/12/2011121615232245944.html)

Soldier accused of giving classified US documents to Wikileaks appears in public for first time since arrest in 2010.
Last Modified: 16 Dec 2011 16:14 GMT
Read More (http://www.aljazeera.com/news/americas/2011/12/2011121615232245944.html)

.....hoffentlich hauen sie den Jungen nicht zu sehr in die Pfanne :rolleyes:schwitz

16.12.2011, 20:14
WATCH: Jon Stewart Begs GOP To Ditch Gingrich (http://www.huffingtonpost.com/2011/12/16/jon-stewart-to-gop-re-new_n_1153403.html)

http://thedailyshow.mtvnimages.com/images/shows/tds/videos/season_17/17036/ds_17036_01_16x9.jpg?width=166&height=96&quality=0.91&crop=true (http://www.thedailyshow.com/full-episodes/thu-december-15-2011-matt-damon)

December 15, 2011 - Matt Damon (http://www.thedailyshow.com/full-episodes/thu-december-15-2011-matt-damon)
Glenn Beck can't bring himself to vote for Newt Gingrich, Wyatt Cenac gives the post office a makeover, and Matt Damon discusses animal actors.

16.12.2011, 20:21
Politik: 16. Dezember 2011, 19:11

Gegen 100 Verletzte bei Protesten in Kairo (http://www.nzz.ch/nachrichten/politik/international/dutzende_von_verletzten_bei_protesten_in_kairo_1.13678587.html)

Eskalation der Blockade vor dem Regierungsgebäude

http://www.nzz.ch/images/aegypten_proteste_ausschreitungen_dezember_2011_lead_1.13681932.1324059260.jpg (http://www.nzz.ch/nachrichten/politik/international/dutzende_von_verletzten_bei_protesten_in_kairo_1.13678587.html)Bei gewaltsamen Zusammenstössen sind am Freitag in Kairo gegen 100 Personen verletzt worden. Beteiligt waren Protestierende, die seit Wochen vor dem Kabinettsgebäude campieren.

(sda/dpa) Bei gewaltsamen Zusammenstössen zwischen Demonstranten und den Sicherheitskräften sind am Freitag in Kairo nahezu 100 Personen verletzt worden. Augenzeugen berichten auch von zwei oder drei Todesopfern. Die Demonstranten, die schon seit drei Wochen vor dem Kabinettsgebäude campieren, bewarfen laut Augenzeugen die Polizei mit Steinen.

Steine zurückgeworfen

Zuvor sei einer von der Demonstranten von der Militärpolizei vorübergehend in Gewahrsam genommen worden. Die Polizei habe mit Wasserwerfern geantwortet. Einige Polizisten hätten Steine zurückgeworfen und in die Luft geschossen.

Drei Autos und mehrere Zelte der Protestierenden gingen in Flammen auf. Aus Sicherheitskreisen hiess es, die Ausschreitungen hätten begonnen, nachdem Regierungsbeamte, die wegen des Dauerprotests seit Wochen nicht zu ihren Büros gelangen könnten, die Demonstranten mit Gegenständen beworfen hätten.

Gegen Übergangsregierung

Die Protestgruppe vor dem Kabinettsgebäude will verhindern, dass die vom Militärrat eingesetzte Übergangsregierung von Ministerpräsident Kamal al-Gansuri dort ihre Arbeit aufnimmt. Am Freitag riefen sie: «Nieder mit der Militärherrschaft».....



16.12.2011, 20:26
16. Dezember 2011, 14:50 Uhr

Tod mit 84 Jahren Schauspieler Walter Giller stirbt an Lungenkrebs

Walter Giller ist tot. Der aus unzähligen Filmen bekannte Schauspieler starb in der Nacht zum Freitag in Hamburg an den Folgen seines Krebsleidens. Mit seiner Frau Nadja Tiller bildete er eines der Traumpaare des deutschen Films.

http://d1.stern.de/bilder/stern_5/webtv/2011/640er/50/walter_giller_2_maxpane_420_236.jpg Walter Giller erliegt Krebsleiden
Nein, die Namensähnlichkeit war nicht erfunden: Walter Giller kam 1927 in Recklinghausen als Walter Giller auf die Welt, Nadja Tiller (http://www.stern.de/lifestyle/leute/was-macht-eigentlich-nadja-tiller-656376.html) 1929 in Wien als Nadja Tiller. Ein Zufall, der auch dazu führte, dass die beiden als eines der Traumpaare des deutschen Films fast immer in einem Atemzug als "Walter Giller und Nadja Tiller" genannt wurden. Nun ist die 82-jährige Nadja Tiller alleine: Zwei Jahre nach dem Auftreten einer Lungenkrebserkrankung starb der Mann, mit dem sie 55 Jahre verheiratet war, im Alter von 84 Jahren....


16.12.2011, 20:30
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
50 Economic Numbers About The US That Are "Almost Too Crazy To Believe" (http://www.zerohedge.com/news/50-economic-numbers-about-us-are-almost-too-crazy-believe)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/16/2011 - 13:57 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/50.jpgThe Economic Collapse Blog does a terrific job of periodically putting together a compilation of the scariest data points about the US economy. Today is one such day, and the list of 50 economic numbers presented is indeed, as the author puts it, "almost too crazy to believe"... Almost. As noted: "At this time of the year, a lot of families get together, and in most homes the conversation usually gets around to politics at some point. Hopefully many of you will use the list below as a tool to help you share the reality of the U.S. economic crisis with your family and friends. If we all work together, hopefully we can get millions of people to wake up and realize that "business as usual" will result in a national economic apocalypse." Or, far more likely, 99% of the population can continue watching Dancing with the Stars, as what little wealth remains is terminally transferred to those who are paying attention right below everyone's eyes.

Comments: 51 (http://www.zerohedge.com/news/50-economic-numbers-about-us-are-almost-too-crazy-believe#comments)
Reads: 5,208

16.12.2011, 20:41
Als die Italiener Schweizerinnen nachpfiffen (http://www.tagesanzeiger.ch/kultur/kunst/Als-die-Italiener-Schweizerinnen-nachpfiffen/story/19600952)

http://files.newsnetz.ch/story/1/9/6/19600952/8/teaserbreit.jpg?1324063738 (http://www.tagesanzeiger.ch/kultur/kunst/Als-die-Italiener-Schweizerinnen-nachpfiffen/story/19600952) Jeden Freitag präsentiert Tagesanzeiger.ch/Newsnet Fundstücke aus dem Archiv der Fotostiftung Schweiz. Heute gibts eine Zeitreise in die 50er-Jahre. Mehr... (http://www.tagesanzeiger.ch/kultur/kunst/Als-die-Italiener-Schweizerinnen-nachpfiffen/story/19600952)

Aktualisiert um 14:57 2 Kommentare (http://www.tagesanzeiger.ch/kultur/kunst/Als-die-Italiener-Schweizerinnen-nachpfiffen/story/19600952#kommentar)

Kevin Hasler - 19:37 Uhr
Für Nachpfeifen gibt's heute eine Anzeige wegen sexueller Belästigung. Schöne neue Welt. (...ja das waren noch Zeiten :cool;):D)

16.12.2011, 21:36
...na ja - ich auch noch ;) die überschlagen sich ja förmlich :oo

Wirtschaft: 16. Dezember 2011, 20:06

Fitch droht sechs Eurostaaten (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/fitch_eurostaaten_herabstufung_drohung_frankreich_bestnote_1.13681994.html)

http://www.nzz.ch/images/paris_2_small_1.13682000.1324062349.jpg (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/fitch_eurostaaten_herabstufung_drohung_frankreich_bestnote_1.13681994.html) Ratingagentur will Bonitätsnote allenfalls herabstufen

(http://www.nzz.ch/nachrichten/wirtschaft/aktuell/fitch_eurostaaten_herabstufung_drohung_frankreich_bestnote_1.13681994.html)Den sechs Eurostaaten Belgien, Spanien, Slowenien, Italien, Irland und Zypern droht Ungemach durch die Ratingagentur Fitch. Diese hat den Staaten mit einer Herabstufung ihrer Bonitätsnote gedroht. Im Gegensatz dazu sieht es derzeit für Frankreich besser aus.

(sda/apa/Reuters) Wegen der Schuldenkrise hat auch die Ratingagentur Fitch mehreren Eurostaaten mit der Senkung ihrer Bonitätsnote gedroht. Die Bewertung von Belgien, Spanien, Slowenien, Italien, Irland und Zypern könnte innerhalb von drei Monaten gesenkt werden.

EU-Gipfel reicht nicht

Eine umfassende Lösung der Schuldenkrise sei mit den Beschlüssen des letzten EU-Gipfels weder technisch noch politisch zu erreichen, begründete Fitch die Herabstufung.....


16.12.2011, 21:42
Golden Greetings from the Grand Canyon :supi
-> Posted by GoldBalloon @ 0:43 am on December 16, 2011

17.12.2011, 13:09
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Corzine Trade Vs French Downgrade (http://www.zerohedge.com/news/corzine-trade-vs-french-downgrade)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/16/2011 - 22:34 Today it seemed that the market latched on to the idea of the Corzine trade as being the new bazooka. banks would borrow lots of money from the ECB to buy sovereign. It certainly seemed to be the case this morning when 3 year and in PIIGS bonds rallied hard. There are several flaws with this as a plan to save the euro. Banks can already buy virtually unlimited amounts of Spitalian bonds. The repo market for these remains orderly so they could finance themselves without the ECB. Maybe the ECB terms are more favorable but the reality is banks could already buy as much sovereign debt as they wanted. The issue is that they already have more than they want. As banks use ECB funds to buy more PIIGS bonds, private investors will be squeezed out. The banks will have concentrated risk that private investors may not be comfortable with. As banks rely on the ECB to fund themselves and to put on disproportionately large positions who will lend to them? Who will buy the shares? At first it may seem good, but they will be at the mercy of the ECB and the politicians. With Greece the politicians have already shown a willingness to try and dictate policy for banks. The on again off again rumor of a financial transaction tax will come back. MF didn't have unlimited central bank backing but it is a bit strange to believe that the trade that brought them down will be the salvation of Europe.

Comments: 57 (http://www.zerohedge.com/news/corzine-trade-vs-french-downgrade#comments)
Reads: 3,236

Sat, 12/17/2011 - 00:27 | 1989481 (http://www.zerohedge.com/news/corzine-trade-vs-french-downgrade#comment-1989481) new GiantVampireSqu... (http://www.zerohedge.com/users/giantvampiresquid-vs-ows-ufc-2012)
http://www.zerohedge.com/sites/default/files/pictures/picture-73522.gif (http://www.zerohedge.com/users/giantvampiresquid-vs-ows-ufc-2012)
When MF Global went down it did so because its repo, derivaitve and hypothecation partners essentially foreclosed on it. And when they did so they then ‘looted’ the company. And because of the co-mingling of clients money in the hypothecation deals the ‘looters’ also seized clients money as well.

So what we have, courtesy of the change in the bankruptcy laws is the means for banks to loot each other. Simply become a major short term funder via repo or hypothecation or a major counterpary in derivatives deals with the ailing bank and in both cases should the bank you are lending to go bankrupt, you will keep all the assets it pledged to you before any other creditor get a chance.

Because the repo and derivatives traders ran no risk – they could get their money out of a failing bank before anyone else, it meant they had no reason at all to try to stop a bank from going under. Quite the opposite.


....das ist der oben erwähnte Artikel - ich habe mir die Mühe gemacht und richtig durchgelesen, allerdings in englisch ist es für mich doch etwas schwieriger und in den rechtlichen Sachen kenne ich mich auch nicht so gut aus - falls es so ist wie beschrieben, dann gute nacht, dann können die grossen Bankster mit dem Gesetz im Rücken jegliche Untergänge erwirken die ihnen passen :dumm :gomad :bad

Plan B – How to loot nations and their banks legally

By Golem XIV (http://www.golemxiv.co.uk/author/golem-xiv/) on December 15, 2011 in latest (http://www.golemxiv.co.uk/category/latest/)
Is there a plan B? That question is usually asked of governments regarding their attempts to ‘save’ the banks domiciled in their country. But has anyone asked if the banks have a plan B?

Does anyone think that if our governments fail to keep to their austerity targets and fail to keep bailing out the banking sector, that the banks will just shrug and say, “Well, thanks for trying” and accept their fate? Or do you think the banks might have a Plan B of their own?......

17.12.2011, 13:16

Zehntausende Missbrauchsfälle in Hollands katholischer Kirche (http://www.spiegel.de/panorama/justiz/0,1518,804379,00.html)

Bis zu 20.000 Kinder und 800 Täter: Eine Untersuchungskommission in den Niederlanden hat jetzt einen Bericht zu Missbrauchsfällen in der katholischen Kirche seit 1945 vorgelegt. Erzbischof Eijk entschuldigte sich bei den Opfern und kündigte finanzielle Entschädigung an. mehr... (http://www.spiegel.de/panorama/justiz/0,1518,804379,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=50248) ]

.....Der Erzbischof von Utrecht, Wim Eijk, bat die Opfer um Verzeihung: "Im Namen der Katholischen Kirche in den Niederlanden möchte ich mich aufrichtig entschuldigen."......

was den Politikern recht ist ist der Kirche billig :bad exgüsi und Schwamm drüber :gomad:gomad:gomad warum schmeisst man diese Brut nicht ins Gefängnis :gomad

17.12.2011, 13:38
Das Vertrauen in Mario Monti sinkt, die Spannung im Land steigt (http://www.tagesanzeiger.ch/ausland/europa/Das-Vertrauen-in-Mario-Monti-sinkt-die-Spannung-im-Land-steigt/story/25978984)

http://files.newsnetz.ch/story/2/5/9/25978984/6/teasersmall16x9.jpg?1324125388 (http://www.tagesanzeiger.ch/ausland/europa/Das-Vertrauen-in-Mario-Monti-sinkt-die-Spannung-im-Land-steigt/story/25978984) Krise und Gewalt diktieren die Agenda in Italien. Politiker üben sich in Schizophrenie: Sie kritisieren die Regierung – und stimmen ihr trotzdem zu. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Das-Vertrauen-in-Mario-Monti-sinkt-die-Spannung-im-Land-steigt/story/25978984)

Von René Lenzin (http://www.tagesanzeiger.ch/stichwort/autor/rene-lenzin/s.html). Aktualisiert um 10:00 8 Kommentare (http://www.tagesanzeiger.ch/ausland/europa/Das-Vertrauen-in-Mario-Monti-sinkt-die-Spannung-im-Land-steigt/story/25978984#kommentar)

17.12.2011, 19:47
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Did The Fed Quietly Bail Out A Bank On Tuesday? (http://www.zerohedge.com/news/did-fed-quietly-bail-out-bank-tuesday)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/17/2011 - 11:48 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Discount%20Window%2012.14_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Discount%20Window%2012.14_0.jpg)Over the past month we have been closely documenting a major funding squeeze in the all important shadow economy - the "synthetic liquidity" conduit which far more than traditional sources of cash, has become all important for proper bank functioning over the past decade. Courtesy of adverse development in Europe, one by one various components of this unregulated funding scheme have become frozen necessitating the first of many central bank interventions on November 30 to provide liquidity to global banks, primarily to offset such shadow conduits as locked up commercial paper, repo and money markets. Logically, as noted over a week ago, European banks scrambled to obtain cheap dollars by borrowing over $50 billion from the Fed, and plug dollar shortfalls. Yet as all band aid measures designed to offset a broken liquidity equilibrium fail eventually, it was only a matter of time before we saw a direct bail out by the Fed of one or more banks in the aftermath of the November 30 global "bail out." Sure enough, we have our first clue that "something" happened in the week ending Wednesday December 14 that involved an upgrade of the Fed's indirect (and thus untargeted) bailout of global banks, to a focused, and very much targeted rescue of one (or more) banks. And with some additional diligence, it may be possible to narrow down the date of an actual bank bailout: Tuesday, December 13.

Comments: 133 (http://www.zerohedge.com/news/did-fed-quietly-bail-out-bank-tuesday#comments)
Reads: 8,135

Sat, 12/17/2011 - 11:55 | 1989849 (http://www.zerohedge.com/news/did-fed-quietly-bail-out-bank-tuesday#comment-1989849) williambanzai7 (http://www.zerohedge.com/users/williambanzai7)
http://www.zerohedge.com/sites/default/files/pictures/picture-7818.png (http://www.zerohedge.com/users/williambanzai7)

http://farm8.staticflickr.com/7033/6524656255_997dc7239c_z.jpg (http://www.flickr.com/photos/expd/6524656255/)

17.12.2011, 19:48
Der Sturz der Diktaturen begann mit einer Selbstverbrennung (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Der-Sturz-der-Diktaturen-begann-mit-einer-Selbstverbrennung/story/13881493)

http://files.newsnetz.ch/story/1/3/8/13881493/19/teaserbreit.jpg?1324147545 :( (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Der-Sturz-der-Diktaturen-begann-mit-einer-Selbstverbrennung/story/13881493) Der Gemüsehändler Mohamed Bouazizi versetzte vor einem Jahr nicht nur Tunesien in Aufruhr. Seine Tat löste fast in der ganzen arabischen Welt ein Erdbeben aus. Heute gedachten die Menschen des jungen Mannes. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Der-Sturz-der-Diktaturen-begann-mit-einer-Selbstverbrennung/story/13881493)

Aktualisiert um 17:59 1 Kommentar (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Der-Sturz-der-Diktaturen-begann-mit-einer-Selbstverbrennung/story/13881493#kommentar)

17.12.2011, 19:52
Politik: 17. Dezember 2011, 18:51

Letzte Frist für Asad (http://www.nzz.ch/nachrichten/politik/international/xx_1.13691210.html)

Die Araber verlieren allmählich ihre Geduld mit dem syrischen Regime

http://www.nzz.ch/images/asad_lead_1.13691282.1324144216.jpg (http://www.nzz.ch/nachrichten/politik/international/xx_1.13691210.html)Die Arabische Liga hat der syrischen Regierung bis Mittwoch Zeit gegeben, um Beobachter ins Land zu lassen. Andernfalls wird sich die Liga voraussichtlich an den Uno-Sicherheitsrat wenden. In Damaskus beriet ausserdem eine Delegation der irakischen Regierung mit Vertretern des Regimes über die Krise.

(Reuters/afp/dpa) Die Arabische Liga wird sich an den Uno-Sicherheitsrat wenden, wenn sich Syrien nicht bis Mittwoch bereit erklärt, Beobachter ins Land zu lassen. Dies sagte der katarische Regierungschef Hamad bin Dschasim al-Thani am Samstag nach einem Treffen des Syrien-Komitees der Liga in Doha. Die arabischen Aussenminister würden am Mittwoch in Kairo über eine Anrufung des Sicherheitsrats entscheiden.

Ende der Gewalt abgelehnt :gomad

Laut Thani sind die arabischen Staaten nahezu einstimmig dafür, die Angelegenheit vor die Uno zu bringen. Zuvor hatte Syrien den Vorschlag zum Ende der Gewalt abgelehnt :bad

Nach dem arabischen Friedensplan sollte die Regierung von Präsident Asad die Niederschlagung der Proteste beenden und Beobachter ins Land lassen. Syrien hatte Änderungen am Plan verlangt, die die Arbeit der Beobachter betrafen.

Thani sagte dazu, Damaskus habe eine Einigung bewusst verschleppt. Er betonte, der Beschluss des Komitees sei keine Forderung nach einer Militärintervention.....

....und noch ne Frist, und noch ne Frist.....:dumm


17.12.2011, 19:54
Cairo erupts in second day of violent clashes :gomad (http://www.aljazeera.com/news/middleeast/2011/12/20111217103526393990.html)
Egypt's army launches assault on Tahrir Square, clearing the area, after anti-military protests continue in the capital.
Last Modified: 17 Dec 2011 16:53 GMT
Read More (http://www.aljazeera.com/news/middleeast/2011/12/20111217103526393990.html)


17.12.2011, 19:56
Philippines storm triggers deadly floods :( (http://www.aljazeera.com/news/asia-pacific/2011/12/201112173375671159.html)
At least 436 people killed as flash floods hit Iligan and the island of Mindanao following tropical storm Washi.
Last Modified: 17 Dec 2011 15:41 GMT
Read More (http://www.aljazeera.com/news/asia-pacific/2011/12/201112173375671159.html)


17.12.2011, 20:27
Machtwechsel in Libyen

Milizen gefährden den Frieden von Tripolis (http://www.spiegel.de/politik/ausland/0,1518,804254,00.html)

Zwei Monate ist Muammar al-Gaddafis tot, aber Libyen kommt nicht zur Ruhe: Das Ende des Diktators könnte der Anfang des totalen Zerfalls des Landes gewesen sein. Vor allem die schwer bewaffneten Milizen sind nicht unter Kontrolle zu bringen. Von Ulrike Putz, Beirut mehr... (http://www.spiegel.de/politik/ausland/0,1518,804254,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=50273) ]

.....es ist einfach deprimierend :rolleyes:(

17.12.2011, 20:32
Kompromiss verhindert US-Pleite – vorerst :rolleyes

http://files.newsnetz.ch/story/1/5/6/15635782/8/teasersmall16x9.jpg?1324149169 (http://www.tagesanzeiger.ch/ausland/amerika/Kompromiss-verhindert-USPleite--vorerst/story/15635782) Im erbitterten US-Budgetstreit haben Demokraten und Republikaner vorerst ein Desaster abgewendet: Nach dem Repräsentantenhaus hat auch der Senat ein Haushaltsgesetz im Umfang von 915 Milliarden Dollar beschlossen. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Kompromiss-verhindert-USPleite--vorerst/story/15635782)

Aktualisiert vor 19 Minuten 2 Kommentare (http://www.tagesanzeiger.ch/ausland/amerika/Kompromiss-verhindert-USPleite--vorerst/story/15635782#kommentar)

17.12.2011, 21:51
Trustee to Seize and Liquidate Even the Stored Customer Gold and Silver Bullion From MF Global (http://jessescrossroadscafe.blogspot.com/2011/12/attempt-to-seize-and-liquidate-customer.html)

http://3.bp.blogspot.com/-J0KybVqsOIc/TuzbUekzp0I/AAAAAAAATsQ/OK-eYIpDYm4/s400/TBTF.jpg (http://3.bp.blogspot.com/-J0KybVqsOIc/TuzbUekzp0I/AAAAAAAATsQ/OK-eYIpDYm4/s1600/TBTF.jpg)
The bottom line is that apparently some warehouses and bullion dealers are not a safe place to store your gold and silver, even if you hold a specific warehouse receipt. In an oligarchy, private ownership is merely a concept, subject to interpretation and confiscation.

Although the details and the individual perpetrators are yet to be disclosed, what is now painfully clear is that the CFTC and CME regulated futures system is defaulting on its obligations. This did not even happen in the big failures like Lehman and Bear Sterns in which the customer accounts were kept whole and transferred before the liquidation process.

Obviously holding unallocated gold and silver in a fractional reserve scheme is subject to much more counterparty risk than many might have previously admitted. If a major bullion bank were to declare bankruptcy or a major exchange a default, how would it affect you? Do you think your property claims would be protected based on what you have seen this year?

You always have counter-party risk if you hold gold and silver through another party, even if they are a Primary Dealer of the Federal Reserve. As Ben said, the Fed offers no seal of approval.

If a Bankruptcy Trustee can pool your bullion into the rest of the paper assets and then liquidate it at prices that are being front run by the Street, you will have to accept whatever paper settlement that they give you.

The customer money and bullion assets are not lost, or rehypothecated or anything else. This is a pseudo-legal fig leaf, a convenient rationalization.

The customer assets were stolen, and given to at least one major financial institution by MF Global to satisfy an 11th hour margin call in the week of their bankruptcy, even as MF Global was paying bonuses to its London employees.

http://1.bp.blogspot.com/-9DNuDY-U_hQ/TuzbeXET-pI/AAAAAAAATsY/K8pL9sOdjxk/s320/mammon.JPG (http://1.bp.blogspot.com/-9DNuDY-U_hQ/TuzbeXET-pI/AAAAAAAATsY/K8pL9sOdjxk/s1600/mammon.JPG)

And now that powerful financial institution does not want to give the customer money back. And they are so powerful that the Trustee and the Court is reluctant to try and claw it back. And so in the great Wall Street tradition they are trying to force the customers and the public to take the loss. The regulators and the exchange are aghast, and are trying to imagine how to resolve and spin this to preserve investor confidence and prevent a run on the system.

'Let them eat warehouse receipts.'

For many this would have been unthinkable only a few months ago. They had been cautioned and warned repeatedly, but chose to trust the financial system. And now they are suffering loss and anxiety, frozen assets, and the misappropriation of their wealth.

How more plainly can it be said? The US financial system as it now stands cannot be trusted to observe even the most basic property rights as it continues to unravel from a long standing culture of fraud.

Get your money as far away from Wall Street as is possible. And if you want to own gold and silver, take delivery and store it in a secure private facility outside the fractional reserve system.
Barrons (http://online.barrons.com/article/SB50001424052748703856804577098740322633760.html?mod=googlenews_wsj?mod=googlenews_barrons)
The Silver Rush at MF Global
December 17, 2011

It's one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It's something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%.

That, in essence, is what's happening to investors whose bars of silver and gold were held through accounts with MF Global.

The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver—and hold "warehouse receipts" to prove it—they'll have to forfeit 28% of the value.

That has investors fuming. "Warehouse receipts, like gold bars, are our property, 100%," contends John Roe, a partner in BTR Trading, a Chicago futures-trading firm. He personally lost several hundred thousand dollars in investments via MF Global; his clients lost even more. "We are a unique class, and instead, the trustee is doing a radical redistribution of property," he says.

Roe and others point out that, unlike other MF Global customers, who held paper assets, those with warehouse receipts have claims on assets that still exist and can be readily identified.

The tussle has been obscured by former CEO Jon Corzine's appearances on Capitol Hill. But it's a burning issue for the Commodity Customer Coalition, a group that says it represents some 8,000 investors—many of them hedge funds—with exposure to MF Global. "I've issued a declaration of war," says James Koutoulas, lead attorney for the group, and CEO of Typhon Capital Management.

At stake is an unspecified, but apparently large, volume of gold and silver bars slated for delivery to traders through accounts at MF Global, which filed for bankruptcy on Oct. 31. Adding insult to the injury: Of the 28% haircut, attorney and liquidation trustee James Giddens has frozen all asset classes, meaning that traders have sat helplessly as silver prices have dropped 31% since late August, and gold has fallen 16%. To boot, the traders are still being assessed fees for storage of the commodities...
Posted by Jesse at 11:35 AM (http://jessescrossroadscafe.blogspot.com/2011/12/attempt-to-seize-and-liquidate-customer.html) :verbeug

17.12.2011, 22:00
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
QE3 Guaranteed As Income Growth Declines, Biderman's Obama Bummer (http://www.zerohedge.com/news/qe3-guaranteed-income-growth-declines-bidermans-obama-bummer)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/17/2011 - 14:13 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/12/20111217_income_0_0.png

If there is one data point that Charles Biderman, of TrimTabs, relies upon, it is the series of salary and wage growth (or real-time tax with-holdings) that his firm keeps an extra special eye on. Critically, in our opinion, he notes the very recent shift from positive growth in income growth (after inflation) to negative for the first time since Q1 2010. The picture is particularly worrying since he notes that this is right before the all important holiday sales period which he suspects will significantly disappoint (as we are already seeing in data post Black Friday). Of course, we have long held that the decoupling of the US with Europe (and Asia for that matter) is more a lag than a simple decoupling, and given Biderman's insight on income growth (http://trimtabs.com/blog/2011/12/16/bidermans-daily-edge-12162011-qe3-inevitable-wages-salaries-decline-two-years-of-slow-growth/) (after inflation) we tend to agree with the Bay Area brain-box that the slowing economic outlook of Q1 2012 will herald the FOMC's push to QE3. Also noteworthy is that the last time they enacted LSAP (QE2) saw the peak in income growth (after inflation) and so their hope that this printing of money will juice a pre-election-cycle economy and while Obama may hope this brings him back from the edge, we suspect, like Charles, that it will not be enough.


Comments: 44 (http://www.zerohedge.com/news/qe3-guaranteed-income-growth-declines-bidermans-obama-bummer#comments)
Reads: 2,562

Sat, 12/17/2011 - 14:38 | 1990148 (http://www.zerohedge.com/news/qe3-guaranteed-income-growth-declines-bidermans-obama-bummer#comment-1990148) new DormRoom (http://www.zerohedge.com/users/dormroom)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/dormroom)
Greater financialization of commodities, implies greater leverage in the system. As commodity collateral trades balloon.
Already Goldman Sachs & JPMorgan are aggressively trying to acquire the London Metal Exchange. :rolleyes
Beware finanicialization of commodities. It is the next cause of systemic risk.

17.12.2011, 22:03
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: ParaNoyer (http://www.zerohedge.com/news/guest-post-paranoyer)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/17/2011 - 15:02 The gloves are off! As the French prepare for the loss of their AAA status, the governor of the Bank of France, Christian Noyer, suggests that the UK should be first in the firing line as the data for inflation, real GDP growth and government deficit to GDP are worse across la Manche from where he sits. A month ago French 10 year yields were 3.8%. Today they are just above 3%, so maybe the markets are giving him the benefit of the doubt, but let us not forget that the maturity timeline of French bonds is considerably shorter than the UK. They are about to have a funding problem and that is one of the many issues that the much maligned ratings agencies are concerned about.

Comments: 25 (http://www.zerohedge.com/news/guest-post-paranoyer#comments)
Reads: 1,029

17.12.2011, 22:10
GEAB N°60 - Contents

- Published on December 16, 2011 -

From the non-dislocation of Euroland to the dislocation of the United Kingdom
In fact this summit will have been historic, but not yet because it will have settled the European financial and budgetary problems. As we anticipated in December 2010, and as Angela Merkel has just said in the Bundestag, the Euroland path is a long journey, complex and chaotic, like the road traveled since the 1950s for European integration. But it’s a way that strengthens our continent and will place Euroland at the heart of the world after the crisis. If markets are not happy with this reality, it's their problem… (page 2)
Read public announcement (http://www.leap2020.eu/GEAB-N-60-is-available-Global-systemic-crisis-USA-2012-2016-An-insolvent-and-ungovernable-country_a8481.html)

.....ob die mit ihrer €-Gläubigkeit recht behalten :confused

17.12.2011, 22:15

18.12.2011, 12:34
heute morgen - immerhin "es Schümli" ;)

18.12.2011, 12:41

Tschechiens Ex-Präsident Havel ist tot :(

http://files.newsnetz.ch/story/1/4/2/14238964/3/teasersmall16x9.jpg?1324208288 (http://www.tagesanzeiger.ch/ausland/europa/Tschechiens-ExPrsident-Havel-ist-tot/story/14238964) Der ehemalige tschechische Präsident Vaclav Havel ist im Alter von 75 Jahren gestorben. Dies berichtete das tschechische Fernsehen. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Tschechiens-ExPrsident-Havel-ist-tot/story/14238964)

Aktualisiert vor 4 Minuten

....Der frühere tschechische Präsident und Dissident Vaclav Havel ist tot. Er starb nach Angaben seines Büros am frühen Sonntagmorgen im Alter von 75 Jahren in Prag.

Als Folge seiner jahrelangen Gefängnisaufenthalte :gomad unter dem kommunistischen Regime litt Havel unter einer chronischen Atemwegserkrankung :( Zudem wurde er 1996 wegen Lungenkrebs operiert....

18.12.2011, 12:43

Verfassungsschutz soll Zwickauer Zelle 2000 Mark übergeben haben (http://www.spiegel.de/panorama/justiz/0,1518,804438,00.html)

Der Thüringer Verfassungsschutz hat laut "Bild am Sonntag" eine Geldzahlung an das Zwickauer Neonazi-Trio eingeräumt. Demnach ließ der Geheimdienst der Zelle, der zehn Morde zur Last gelegt werden, über Mittelsmänner rund 2000 Mark für gefälschte Pässe zukommen :bad mehr... (http://www.spiegel.de/panorama/justiz/0,1518,804438,00.html)

18.12.2011, 12:46
Grammy Winner Dies :( (http://www.huffingtonpost.com/2011/12/17/cesaria-evora-dead-dies_n_1155625.html)

http://i.huffpost.com/gen/441828/thumbs/s-CESARIA-EVORA-DEAD-DIES-large300.jpg (http://www.huffingtonpost.com/2011/12/17/cesaria-evora-dead-dies_n_1155625.html)

Comments (122) (http://www.huffingtonpost.com/2011/12/17/cesaria-evora-dead-dies_n_1155625.html#comments)
| Music (http://www.huffingtonpost.com/news/music)
LISBON, Portugal — Cesaria Evora, who started singing as a teenager in the bayside bars of Cape Verde in the 1950s and won a Grammy in 2003 after she took her African islands music to stages across the world, died Saturday. She was 70.

Evora, known as the "Barefoot Diva" because she always performed without shoes, died in the Baptista de Sousa Hospital in Mindelo, on her native island of Sao Vicente in Cape Verde, her label Lusafrica said in a statement on its website. It gave no further details.

Evora retired in September because of health problems. In recent years she had had several operations, including open-heart surgery last year.

She sang the traditional music of the Cape Verde Islands off West Africa, a former Portuguese colony. She mostly sang in the version of creole spoken there, but even audiences who couldn't understand the lyrics were moved by her stirring renditions, her unpretentious manner and the music's infectious beat......

18.12.2011, 12:49
Politik: 18. Dezember 2011, 10:02

Letzte US-Kampftruppen verlassen den Irak (http://www.nzz.ch/nachrichten/politik/international/letzte_us-kampftruppen_verlassen_den_irak_1.13694841.html)

500 Soldaten werden nach Kuwait abgezogen

http://www.nzz.ch/images/irak_lead_1.13694965.1324198764.jpg (http://www.nzz.ch/nachrichten/politik/international/letzte_us-kampftruppen_verlassen_den_irak_1.13694841.html) Mit dem Ende des Irakkriegs haben die letzten amerikanischen Soldaten den Irak verlassen. Ihr Abzug markiert das Ende eines fast neun Jahre andauernden Konflikts, der mehr als 100'000 Irakern und fast 4500 Amerikanern das Leben kostete. :gomad

(sda/dpa/Reuters) Knapp neun Jahre nach Beginn des Irak-Krieges haben die letzten US-Kampftruppen den Golfstaat verlassen. Zum Abschluss des Abzugs überquerte am Sonntag ein letzter Konvoi mit 500 Soldaten die Grenze zum Nachbarland Kuwait. Schwere gepanzerte Fahrzeuge und Tieflader mit Panzern passierten die Grenzstation in der Wüste, wie auf Live-Bildern des US-Senders CNN zu sehen war. Anschliessend wurde das Grenztor geschlossen.

US-Präsident Barack Obama hatte am vergangenen Mittwoch bereits einen symbolischen Schlussstrich unter den Irakkrieg gezogen und den Truppen für ihren Einsatz gedankt. In seiner Rede vor hunderten Soldaten auf dem Heeresstützpunkt Fort Bragg im Bundesstaat North Carolina bezeichnete er das Kriegsende als «historischen Augenblick für unser Land und unser Militär».....

...so unendlich viele sinnlose Opfer :dumm


18.12.2011, 12:52
Iberia streicht wegen Pilotenstreiks 91 Flüge (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Iberia-streicht-wegen-Pilotenstreiks-91-Flge/story/30655587)

http://files.newsnetz.ch/story/3/0/6/30655587/3/teasersmall16x9.jpg?1324209004 (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Iberia-streicht-wegen-Pilotenstreiks-91-Flge/story/30655587) Die spanische Fluggesellschaft Iberia musste heute 91 Flüge absagen. Grund war ein gross angelegter Streik der Piloten. Sie haben Angst, ihren Arbeitsplatz zu verlieren. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Iberia-streicht-wegen-Pilotenstreiks-91-Flge/story/30655587)

Aktualisiert vor 10 Minuten

18.12.2011, 12:54
http://www.aljazeera.com/mritems/imagecache/318/480/mritems/Images/2011/12/18/2011121895057136580_20.jpg (http://www.aljazeera.com/news/europe/2011/12/201112186405706220.html)

Deaths after Russian oil rig capsizes (http://www.aljazeera.com/news/europe/2011/12/201112186405706220.html)

At least four die in freezing waters after oil platform overturns in country's far eastern Okhotsk sea.
Last Modified: 18 Dec 2011 11:13 GMT

Read More (http://www.aljazeera.com/news/europe/2011/12/201112186405706220.html)

18.12.2011, 13:00
http://www.aljazeera.com/mritems/imagecache/89/135/mritems/Images/2011/12/17/20111217171726201734_20.jpg (http://www.aljazeera.com/news/africa/2011/12/201112171770581686.html) http://www.aljazeera.com/Media/ver2/Images/1pximage.png (http://www.aljazeera.com/news/africa/2011/12/201112171770581686.html)

Tunisian town marks anniversary of revolution (http://www.aljazeera.com/news/africa/2011/12/201112171770581686.html)

Thousands pack Sidi Bouzid where a giant statue of Mohamed Bouazizi, credited for sparking the uprising, was unveiled.

Last Modified: 18 Dec 2011 00:17 GMT

18.12.2011, 13:08
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
UBS' Top Ten Surprises For 2012 (http://www.zerohedge.com/news/ubs-top-ten-surprises-2012)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/17/2011 - 16:11 Unlike other, more humorous instances, such as Byron Wein and his 10 endlessly entertaining year end forecasts, some banks take the smarter approach not of predicting what will happen, because only idiots think they have any clue what tomorrow may bring with any sense of certainty, especially under global central planning - a regime that is by definition irrational, but instead of stating what would be a surprise to a base case forecast. And with "surprise" now the new normal, it would be prudent to anticipate what to the status quo may represent as fat tails in the coming year. Especially since even UBS now mocks the Wall Street consensus, and the traditional upside biad: "Let’s face it: Bottom-up consensus earnings forecasts have a miserable track record. The traditional bias is well known. And even when analysts, as a group, rein in their enthusiasm, they are typically the last ones to anticipate swings in margins." Which is why, with that advance mea culpa in hand, we bring to readers the Ten Surprises for 2012 from UBS' Larry Hatheway: "At the end of each year, in our final strategy note, the global asset allocation and global equity strategy teams join up to consider possible surprises for investors in the year ahead. Inside, we briefly describe ten such outcomes, and also provide a review of how last year’s surprise candidates fared." For those pressed for time, here is the full list: i) The consensus of bottom-up earnings estimates is right; ii) Financials outperform; iii) The euro rallies; iv) Oil prices fall below $70/barrel; v) Sovereign default outside the Eurozone; vi) Rising Treasury yields; vii) An Italian sovereign upgrade; viii) EU or EMU disintegration; ix) Fewer than five governments switch hands and, last but not least, x) Britain does Great at next summer’s Olympics. Let's dig in.

Comments: 37 (http://www.zerohedge.com/news/ubs-top-ten-surprises-2012#comments)
Reads: 6,497

Sat, 12/17/2011 - 16:17 | 1990295 (http://www.zerohedge.com/news/ubs-top-ten-surprises-2012#comment-1990295) new lolmao500 (http://www.zerohedge.com/users/lolmao500)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/lolmao500)

Financials outperform : not gonna happen (unless massive QE3)

The euro rallies : not (France elects Marine LePen)

Oil prices drop below $70/barrel : not. (Iran war)

US 10-year Treasury yields break out : not, but eh, the markets are so crooked, wouldn't surprise me.

An Italian sovereign upgrade : funny

An E(M)U exit : gee they got one right

Fewer than five governments switch hands : but some of them could bring a shitstorm (France (if Marine LePen), Taiwan (if nationalists), Ukraine (if anti-Russia party), US (if Ron Paul))

Britain does Great : smoking good stuff are you?

18.12.2011, 13:21
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Saxo Bank's 10 "Outrageous Predictions" For "2012: The Perfect Storm" (http://www.zerohedge.com/news/saxo-banks-10-outrageous-predictions-2012-perfect-storm)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/17/2011 - 17:21 As we wind down 2011, the time for predictions for what is to come as nigh. Having posted (http://www.zerohedge.com/news/ubs-top-ten-surprises-2012)what UBS believes their biggest list of surprises for 2012 will be earlier, we next proceed with out long-term favorite - Saxobank's list of "Outrageous Predictions" for what the bank has dubbed "2012: the Perfect Storm." Mostly proposed tongue in cheek (unlike predictions by other pundits who actually believe their own delusions), the list of 10 suggestions represents nothing less than an attempt to force people "out of the box" and look at the world with a set of "what if" eyes. Because if there is anything 2011 taught is, it is not to discount any one event from happening. As Saxo says: "Should one, two or three of our Outrageous Predictions come to pass, it would make 2012 a year of tremendous change. This may not necessarily be a negative thing either - and given the structure and uncertainties in the marketplace here at the end of 2011, we would suggest that even if none of our predictions come to pass, equally important and totally unanticipated events will. Sometimes we need to get to a new starting point before we can gain the right perspective. We hope 2012 will be the year where we start on the long march towards re-establishing jobs, growth and confidence." Naturally, the best outcome for 2012 would be the end of the broken status quo model, and a global fresh reset... but not even we are that deluded to believe that the quadrillions in credit money (real or synthetic) will allow such a revolutionary event to occur in such a brief period of time. At least not before everything is thrown at the intractable problem unfortunately has just one possible long-term outcome. In the meantime, here, to help readers expand their minds, is Saxo Bank's list of "Outrageous Predictions" for 2012.

Comments: 186 (http://www.zerohedge.com/news/saxo-banks-10-outrageous-predictions-2012-perfect-storm#comments)
Reads: 13,473

Sun, 12/18/2011 - 01:17 | 1990845 (http://www.zerohedge.com/news/saxo-banks-10-outrageous-predictions-2012-perfect-storm#comment-1990845) chindit13 (http://www.zerohedge.com/users/chindit13)
http://www.zerohedge.com/sites/default/files/pictures/picture-2965.jpg (http://www.zerohedge.com/users/chindit13)My prediction for 2012 is that everyone who thinks he knows everything about everything will fail to realize he knows absolutely nothing about anything. That goes for everyone, me included, unless I'm in error.

18.12.2011, 19:18
Politik: 18. Dezember 2011

«Wir wollen in der Wahrheit leben» (http://www.nzz.ch/nachrichten/politik/international/wir_wollen_in_der_wahrheit_leben_1.13698611.html)

http://www.nzz.ch/images/havel_small_1.13698703.1324215706.jpg (http://www.nzz.ch/nachrichten/politik/international/wir_wollen_in_der_wahrheit_leben_1.13698611.html) Zum Tode des Dichters und Staatsmanns Vaclav Havel

(http://www.nzz.ch/nachrichten/politik/international/wir_wollen_in_der_wahrheit_leben_1.13698611.html)Vaclav Havel hat sich als Dissident und Schriftsteller hartnäckig, aber gewaltlos gegen den kommunistischen Totalitarismus aufgelehnt und dabei viel auf sich genommen. Auch als Staatsmann und Präsident blieb er nach der Wende ein Humanist.

Andreas Oplatka

Er hat zwei Traditionen verkörpert, die beide eng mit der ferneren und näheren tschechischen Vergangenheit verbunden waren und die, so ist zu vermuten, nach ihm nicht mehr wiederkehren werden. Vaclav Havel, der im Alter von 75 Jahren verstorbene frühere Präsident der Tschechischen Republik, stand zum einen sehr bewusst in der Nachfolge seines ersten Vorgängers, Tomas G. Masaryk, des strengen Gelehrten im Amt des Staatsoberhaupts. Der zweite Zug in Havels Wesen und Werden im öffentlichen Leben war anderer, eigener Art und ohne Vorbild; er wurzelte in der traurigen Besonderheit seiner Zeit, hatte mit dem Dissidententum zu tun, der hartnäckigen, aber gewaltlosen Auflehnung gegen den kommunistischen Totalitarismus, der die Tschechoslowakei selbst dann noch in anachronistisch eisigem Griff hielt, als sich die Diktatur in der zweiten Hälfte der achtziger Jahre sogar in der Sowjetunion Gorbatschews zu lockern begann.

Die Kraft des Geistigen......


18.12.2011, 19:58
USA bieten elf Schweizer Banken Straffreiheit an (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/USA-bieten-elf-Schweizer-Banken-Straffreiheit-an/story/19831811) :rolleyes

http://files.newsnetz.ch/story/1/9/8/19831811/6/teasersmall16x9.jpg?1324231857 (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/USA-bieten-elf-Schweizer-Banken-Straffreiheit-an/story/19831811) Wende im Steuerstreit mit den USA: Laut eines Berichtes sollen Schweizer Banken Offerten für Abkommen vorgelegt worden sein. Gegen die Offenlegung ihrer US-Geschäftsmodelle gibt es Straffreiheit...

.....Deal als Schlussstrich im Steuerstreit

Was den Banken droht, falls sie nicht auf das Abkommen eingehen ist noch nicht klar. Doch laut Michael Ambühl betrachten die USA alle betroffenen Finanzinstitute als «Target», sprich als strafrechtliches Ziel. Ein Insider schätzt die Lage gegenüber der Zeitung denn auch so ein, dass wohl alle elf Banken den Deal annehmen werden. Anders sei ein Schlussstrich gar nicht möglich. Zudem würde im Falle eines negativen Entscheides die erste Anklage gegen eines der Institute innert weniger Wochen folgen.

Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/USA-bieten-elf-Schweizer-Banken-Straffreiheit-an/story/19831811)

Aktualisiert um 16:38 9 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/USA-bieten-elf-Schweizer-Banken-Straffreiheit-an/story/19831811#kommentar)

stephan walter

18:31 Uhr
Jetzt schütten wir zuerst einmal noch ein paar Milliarden an Bonus aus. Unsere Banker waren ja so fleissig, dass sie sich dieses Zückerchen verdient haben. Redlich verdient haben, natürlich. Dann bezahlen wir die Busse an die USA von 3 Milliarden. Das führt zu einem Verlust, den wir dann in der Steuerrechnung angeben. Somit bezahlen wir keine Steuern auf Jahre hinaus. Bonus aber schon.

18.12.2011, 20:27
http://www.aljazeera.com/mritems/imagecache/218/330/mritems/Images/2011/12/18/2011121813414910734_20.jpg (http://www.aljazeera.com/indepth/features/2011/12/201112171616662236.html)
In Pictures: Tahrir square burns (http://www.aljazeera.com/indepth/features/2011/12/201112171616662236.html)

Lazar Simeonov (http://www.aljazeera.com/profile/lazar-simeonov.html) 18 Dec 2011 14:12 GMT

Nine people have been killed and over 300 wounded in Tahrir square as protesters clash with military troops and police.

18.12.2011, 20:33
SHOCK VIDEO: Egyptian Military Police Drag, Beat Female Protesters (http://www.huffingtonpost.com/2011/12/17/egypt-protests-brutal-force_n_1155665.html)

http://i.huffpost.com/gen/441839/thumbs/s-EGYPT-POLICE-large300.jpg (http://www.huffingtonpost.com/2011/12/17/egypt-protests-brutal-force_n_1155665.html)

CAIRO — Troops pulled women across the pavement by their hair, knocking off their Muslim headscarves. Young activists were kicked in the head until they lay motionless in Cairo's Tahrir Square.

Unfazed by TV cameras catching every move, Egypt's military took a dramatically heavier hand Saturday to crush protests against its rule in nearly 48 hours of continuous fighting in Egypt's capital that has left more than 300 injured and nine dead, many of them shot to death.....

....diese widerlichen :kotzDreckskerle :gomad

18.12.2011, 20:51
SHAME: YOUNG VETERANS FACE 30 PERCENT UNEMPLOYMENT RATE :gomad (http://www.nytimes.com/2011/12/18/business/for-youngest-veterans-the-bleakest-of-job-prospects.html)

http://i.huffpost.com/gen/442056/thumbs/r-VET-SPLASH-huge.jpg (http://www.nytimes.com/2011/12/18/business/for-youngest-veterans-the-bleakest-of-job-prospects.html)

Comments (294) (http://www.huffingtonpost.com/2011/12/18/veterans-jobs-unemployment_n_1156440.html#comments)
| Veterans (http://www.huffingtonpost.com/news/veterans)
COLUMBUS, Ohio — In Afghanistan, Cpl. Clayton Rhoden earned about $2,500 a month jumping into helicopters to chase down improvised explosive devices (http://topics.nytimes.com/top/reference/timestopics/subjects/i/improvised_explosive_devices/index.html?inline=nyt-classifier) or check out suspected bomb factories......

19.12.2011, 07:52
Politik: 19. Dezember 2011, 07:09

Kim Jong Il gestorben (http://www.nzz.ch/nachrichten/politik/international/kim_jong_il_gestorben_1.13704306.html)

Nordkoreas Diktator erleidet Herzversagen im Sonderzug

http://www.nzz.ch/images/kim_jong_il_2_lead_1.13704307.1324272254.jpg (http://www.nzz.ch/nachrichten/politik/international/kim_jong_il_gestorben_1.13704306.html) :rolleyes:mad

Nordkoreas Machthaber Kim Jong Il ist tot. Sein Sohn Kim Jong Un soll vom Vater die Führung des Landes übernehmen. Das nordkoreanische Staatsfernsehen bezeichnete ihn bereits als «grossartig»; es rief Volk und Armee auf, ihn zu unterstützen.

(ddp/Reuters) Nach den Angaben vom Montag starb Kim bereits am Samstag in einem Zug an Herzversagen, als er im Rahmen einer «Feldinspektion» unterwegs war. Eine am Sonntag erfolgte Autopsie habe die Todesursache bestätigt. Kim wurde 69 Jahre alt.

«Es ist der grösste Verlust für unsere Partei und der grösste Trauerfall für unser Volk», erklärte eine in schwarz gekleidete Nachrichtensprecherin unter Tränen. Das Land müsse «unsere Traurigkeit nun in Stärke umwandeln und unsere Schwierigkeiten überwinden.»

Im Jahr 2008 erlitt Kim vermutlich einen Schlaganfall. Zuletzt hatte er jedoch auf Fotos und Videoaufnahmen seiner jüngsten Reisen nach China und Russland sowie zahlreicher Inlandreisen einen relativ rüstigen Eindruck hinterlassen. Allerdings soll Kim eine Vorliebe für Zigaretten, Cognac und gutes Essen gehabt und an Diabetes gelitten haben.

Bilderstrecke: Beifall für den Führer – Kongress der Arbeiterpartei Nordkoreas (http://www.nzz.ch/nachrichten/international/kongress_der_arbeiterpartei_nordkoreas_ende_september_2010_1.7750338.html?independent=true)

http://www.nzz.ch/images/kim_jong_un_kim_jong_il_zentralkomitee_30092010_galleryThumbnailPicture_1.7751588.1285832901.jpg (http://www.nzz.ch/nachrichten/international/kongress_der_arbeiterpartei_nordkoreas_ende_september_2010_1.7750338.html?independent=true&imageNo=0)http://www.nzz.ch/images/nordkorea_kim_jong_un_zentralkomitee_galleryThumbnailPicture_1.7750156.1285830609.jpg (http://www.nzz.ch/nachrichten/international/kongress_der_arbeiterpartei_nordkoreas_ende_september_2010_1.7750338.html?independent=true&imageNo=1)http://www.nzz.ch/images/nordkorea_soldaten_29092010_galleryThumbnailPicture_1.7750391.1285829912.jpg (http://www.nzz.ch/nachrichten/international/kongress_der_arbeiterpartei_nordkoreas_ende_september_2010_1.7750338.html?independent=true&imageNo=2)http://www.nzz.ch/images/nordkorea_armee_aufmarsch_29092010_galleryThumbnailPicture_1.7750234.1285829223.jpg (http://www.nzz.ch/nachrichten/international/kongress_der_arbeiterpartei_nordkoreas_ende_september_2010_1.7750338.html?independent=true&imageNo=3)Der Kongress der Arbeiterpartei Koreas in Pjongjang hat gezeigt, wer die Macht im Staat hat: der Alleinherrscher Kim Jong Il und die Armee.


19.12.2011, 07:54
PHOTOS: Kim Jong-Il's Reported Successor (http://www.huffingtonpost.com/2011/12/18/kim-jong-un-north-korea-successor_n_1156977.html)

http://i.huffpost.com/gen/442187/thumbs/s-KIM-JONG-UN-large300.jpg (http://www.huffingtonpost.com/2011/12/18/kim-jong-un-north-korea-successor_n_1156977.html) :rolleyes

Kim Jong-un, the youngest son of the recently deceased (http://www.huffingtonpost.com/2011/12/18/kim-jong-il-dead-north-korea_n_1156945.html)North Korean leader Kim Jong-il, has long been expected to succeed his father.

According to the Wall Street Journal (http://online.wsj.com/article/SB10001424052970204791104577107350219610874.html), North Korean State TV has announced that Kim Jong-un will take over as the leader of North Korea.

Although his exact age is unknown, Kim Jong-un is believed to have been born between 1983 and 1984. Some reports list his birthday as January 8, 1983. As Reuters notes (http://www.huffingtonpost.com/2011/12/13/north-korea-kim-jong-un-hair_n_1147517.html), he is groomed to look like his late grandfather, Kim Il-sung.

The younger Kim, also know as the 'Young General,' made his public debut last year (http://www.huffingtonpost.com/2010/10/08/kim-jong-un-confirmed-as-_n_755351.html) when he was appointed a four-star general....

19.12.2011, 08:04
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Psssst France: Here Is Why You May Want To Cool It With The Britain Bashing - The UK's 950% Debt To GDP (http://www.zerohedge.com/news/psssst-france-here-why-you-may-want-cool-it-britain-bashing-uks-950-debt-gdp)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/18/2011 - 21:43 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/World%20debt%20to%20GDP.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/World%20debt%20to%20GDP.jpg)

While certainly humorous, entertaining and very, very childish, the recent war of words between France and Britain has the potential to become the worst thing to ever happen to Europe. Actually, make that the world and modern civilization. Why? Because while we sympathize with England, and are stunned by the immature petulant response from France and its head banker Christian Noyer to the threat of an imminent S&P downgrade of its overblown AAA rating (http://www.guardian.co.uk/world/2011/dec/17/french-credit-ratings-eurozone-crisis?CMP=twt_gu), the truth is that France is actually 100% correct in telling the world to shift its attention from France and to Britain. So why is this bad. Because as the chart below shows, if there is anything the global financial system needs, is for the rating agencies, bond vigilantes, and lastly, general public itself, to realize that the UK's consolidated debt (non-financial, financial, government and household) to GDP is... just under 1000%. That's right: the UK debt, when one adds to its more tenable sovereign debt tranche all the other debt carried on UK books (and thus making the transfer of private debt to the public balance sheet impossible), is nearly ten times greater than the country's GDP. To call that "game over" is an insult to game overs everywhere. So here's the bottom line: France should quietly and happily accept a downgrade, because the worst that could happen would be a few big French banks collapsing, and that's it. If, on the other hand, the UK becomes the center of attention (recall this is the same UK that allows unlimited rehypothecation (http://www.zerohedge.com/news/why-uk-trail-mf-global-collapse-may-have-apocalyptic-consequences-eurozone-canadian-banks-jeffe)of worthless assets, and the same UK that unleashed the juggernaut known as AIG-FP's Joe Cassano - after all there is a reason why the UK has 600% its GDP in financial liabilities - financial innovation always goes there where it is least regulated), then this island, which far more so than the US is the true center of the global banking ponzi scheme, will suddenly find itself at the mercy of the market. At that point the only question is whether the vigilantes will dare to take down the UK, as said take down will result in an implosion in the very fabric of modern finance, much more so than what even a full collapse of France could ever achieve, or if due to the certain Mutual Assured Destruction that would follow a coordinated UK onslaught, the market will simply very quietly proceed to ignore the elephant in the room.

Comments: 176 (http://www.zerohedge.com/news/psssst-france-here-why-you-may-want-cool-it-britain-bashing-uks-950-debt-gdp#comments)
Reads: 8,777

Sun, 12/18/2011 - 21:47 | 1992743 (http://www.zerohedge.com/news/psssst-france-here-why-you-may-want-cool-it-britain-bashing-uks-950-debt-gdp#comment-1992743) new JPM Hater001 (http://www.zerohedge.com/users/jpm-hater001)
http://www.zerohedge.com/sites/default/files/pictures/picture-47966.gif (http://www.zerohedge.com/users/jpm-hater001)
And there you have it. Once again the Brits lead the world in mass destruction.
This is very sad really when once considers the global empire they once were.
Take a very good look America. Here is our future.

...also die Finanzwelt entscheidet ob wir untergehen :confused:rolleyes:bad

19.12.2011, 08:15
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Fed May Inject Over $1 Trillion To Bail Out Europe (http://www.zerohedge.com/news/fed-may-inject-over-1-trillion-bail-out-europe)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/18/2011 - 21:21

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Fed%20Swap%20Lines%20past%20%2B%20future.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Fed%20Swap%20Lines%20past%20%2B%20future.jpg)

As first reported here, two weeks ago (http://www.zerohedge.com/news/we-just-had-rerun-bear-stearns-when-lehman-coming) European banks saw the amount of USD-loans from the Fed, via the ECB's revised swap line, surge to over $50 billion - a total first hit in the aftermath of the Bear Stearns failure prompting us to ask "When is Lehman coming? (http://www.zerohedge.com/news/we-just-had-rerun-bear-stearns-when-lehman-coming)" However, according to little noted prepared remarks by Anthony Sanders in his Friday testimony to the Congress Oversight Committee, "What the Euro Crisis Means for Taxpayers and the U.S. Economy, Pt. 1", we may have been optimistic, because the end result will be not when is Lehman coming, but when are the next two Lehmans coming, as according to Sanders, the relaunch of the Fed's swaps program may "get to the $1 trillion level, or perhaps even higher." As a reference, FX swap line usage peaked at $583 billion in the Lehman aftermath (see chart). Needless to say, this estimate is rather ironic because as Bloomberg's Bradely Keoun reports (http://www.businessweek.com/news/2011-12-16/fed-foreign-bank-lifelines-may-reach-1-trillion-congress-told9.html), "Fed Chairman Ben S. Bernanke yesterday told a closed-door gathering of Republican senators that the Fed won’t provide more aid to European banks beyond the swap lines and the discount window -- another Fed program that provides emergency funds to U.S. banks, including U.S. branches of foreign banks." Well, between a trillion plus in FX swap lines, and a surge in discount window usage which only Zero Hedge has noted so far (http://www.zerohedge.com/news/did-fed-quietly-bail-out-bank-tuesday), there really is nothing else that the Fed can possibly do, as these actions along amount to a QE equivalent liquidity injection, only denominated in US Dollars. Aside of course to shower Europe with dollars from the ChairsatanCopter. Then again, before this is all over, we are certain that paradollardop will be part of the vernacular.

Comments: 119 (http://www.zerohedge.com/news/fed-may-inject-over-1-trillion-bail-out-europe#comments)
Reads: 7,591

Sun, 12/18/2011 - 21:34 | 1992706 (http://www.zerohedge.com/news/fed-may-inject-over-1-trillion-bail-out-europe#comment-1992706) new Careless Whisper (http://www.zerohedge.com/users/careless-whisper)
http://www.zerohedge.com/sites/default/files/pictures/picture-5744.jpg (http://www.zerohedge.com/users/careless-whisper)
Of course the Fed is going to bail out the European banks. If some of those banks fail they could have a negative impact on JP Morgan, Goldman, Bank of England, Rothschilds, and the rest of the crew that the Fed is in business to protect. This is so obvious.

19.12.2011, 08:44
Franken steigt auf Sechs-Wochen-Hoch gegen Euro :rolleyes

http://www.cash.ch/services/img/news/235/6724_Franken.jpg 19.12.11, 08:24

Pascal Meisser - Die Wirkung des SNB-Entscheids von letzter Woche hält an: Gegenüber dem Euro steigt die Schweizer Währung am Montagmorgen auf ein neues Mehrwochen-Hoch. mehr » (http://www.cash.ch/news/front/franken_steigt_auf_sechswochenhoch_gegen_euro-1113746-449)

19.12.2011, 08:51
Deutsche Zeitschriftenverlage schröpfen Schweizer Kunden (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Deutsche-Zeitschriftenverlage-schrpfen-Schweizer-Kunden/story/31476873)

http://files.newsnetz.ch/story/3/1/4/31476873/7/teasersmall16x9.jpg?1324280812 (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Deutsche-Zeitschriftenverlage-schrpfen-Schweizer-Kunden/story/31476873) Die Währungsgewinne vieler deutscher Zeitschriften fliessen in die eigenen Kassen. Konsumentenschützer sind empört – vor allem über die nach wie vor hohen Abopreise....

.....Die Hoffnung stirbt zuletzt, heisst es, doch nun ist sie gestorben – zumindest was die Abopreise für deutsche Zeitschriften in der Schweiz betrifft. Obwohl der Euro gegenüber dem Franken auch in diesem Jahr an Wert verloren hat, geben die Abopreise nicht nach. Der «Spiegel» soll weiterhin stolze 361.40 Franken kosten, der «Stern» und «Die Zeit» 322.40 Franken.

2007 war das «Spiegel»-Abo noch für 260 Franken zu haben. Seither ist das Nachrichtenmagazin rund 40 Prozent teurer geworden. Während der Euro in den letzten vier Jahren gegenüber dem Franken mehr als 26 Prozent seines Wertes eingebüsst hat, haben die deutschen Verlage ihre Abo-Preise um 8 bis 14 Prozent angehoben. Dass nun auch der «Spiegel» als teuerstes Produkt für 2012 den Abopreis einfrieren will, ist offiziell noch nicht bestätigt. Beim Abonnentenservice heisst es: «Wir gehen davon aus.»......

Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Deutsche-Zeitschriftenverlage-schrpfen-Schweizer-Kunden/story/31476873)

Von René Staubli. Aktualisiert vor 57 Minuten 1 Kommentar (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Deutsche-Zeitschriftenverlage-schrpfen-Schweizer-Kunden/story/31476873#kommentar)

.....dann eben nicht kaufen :oo

19.12.2011, 08:53
North Korea's Kim Jong-il dead at 69 (http://www.aljazeera.com/news/asia-pacific/2011/12/201112193620221153.html)
Secretive nation's "Dear Leader" dies after massive heart attack, reports say, prompting outpour of national mourning.
Last Modified: 19 Dec 2011 07:09 GMT
Read More (http://www.aljazeera.com/news/asia-pacific/2011/12/201112193620221153.html)



19.12.2011, 08:56
(http://www.aljazeera.com/news/asia/2011/12/2011121819583623546.html)Pakistan's Zardari back home after treatment (http://www.aljazeera.com/news/asia/2011/12/2011121819583623546.html)

Under political pressure, president leaves Dubai hospital after two weeks of medical attention for heart condition.

Last Modified: 18 Dec 2011 23:19 GMT

19.12.2011, 09:02
Goldman Sachs Winning CEOs as Global No. 1 (http://www.bloomberg.com/news/2011-12-19/goldman-sachs-winning-ceos-as-global-no-1-with-m-a-equity-deals.html)

Goldman Sachs Group Inc. (GS) (http://www.bloomberg.com/apps/quote?ticker=GS:US) is poised to win the top spot among advisers on both global takeovers and equity offerings for the first time in five years, a sign the bank hasn’t lost the trust of corporate executives.

The global mergers-and-acquisitions team, led since May by Gene T. Sykes, 53, in Los Angeles (http://topics.bloomberg.com/los-angeles/) and London-based Yoel Zaoui, 50, climbed to No. 1 on deals announced this year after trailing Morgan Stanley in 2010 and 2009, according to data compiled by Bloomberg. The bank, the fifth-largest by assets in the U.S., also dominated equity, equity-linked and rights offerings, overseen by London-based Matthew Westerman, 46, the data show.

Lloyd C. Blankfein, 57, a former head of fixed-income trading who became chairman and chief executive officer in 2006, has sought to repair the firm’s reputation after the Securities and Exchange Commission and a Senate subcommittee accused the company of misleading buyers of mortgage-linked investments. Protesters, angry at Wall Street paying billions of dollars in bonuses after governments bailed out the financial system, also targeted Goldman Sachs in protests as recently as last week.....

also diejenigen welche ihre Kunden am meisten über den Tisch ziehen werden auch noch belohnt :bad :dumm :gomad

19.12.2011, 09:09
....man sollte diese Dreckskerle an die Wand nageln :gomad:bad

Proteste: Gewalt der Militärführung schockiert Ägypten (http://diepresse.com/home/politik/aussenpolitik/717722/Proteste_Gewalt-der-Militaerfuehrung-schockiert-Aegypten?_vl_backlink=/home/politik/aussenpolitik/index.do)

.....Kairo. Wie eine Meute wilder Hunde (normalerweise erschiesst man solche Kreaturen :oo) stürzen sich die Militärpolizisten auf die Demonstranten des Tahrir-Platzes mitten in der ägyptischen Hauptstadt Kairo und prügeln gnadenlos auf Menschen ein, die bereits wehrlos daliegen und sich nicht mehr rühren. Die Kamera läuft mit, als sie auf eine Frau einschlagen. Während sie die Polizisten über den Boden schleifen, reißen sie ihr das Oberteil vom Körper. Ihr blauer BH ist zu sehen, als einer der Soldaten der auf dem Boden liegenden Frau noch einmal mit voller Wucht auf die Brust tritt.....

19.12.2011, 09:17
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Bob Janjuah Answers The Six Biggest Questions Heading Into 2012 (http://www.zerohedge.com/news/bob-janjuah-answers-six-biggest-questions-heading-2012)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/18/2011 - 18:21

As Bob Janjuah, of Nomura, notes in his final dissertation of the year, our in-boxes are stuffed with all the good cheer of sell-side research outlooks. However, the bearded bear manages to cut through all the nuance to get to the six questions that need to be addressed in order to see your way successfully in 2012. With the US two-thirds of the way through the post-crisis workout phase while Europe remains only half-way through, and China a mere one-third through the necessary adjustments to less global imbalance, he is not a global uber-bear on every asset class as the net effect is modest global underlying demand and plenty of savings sloshing around looking for a home. The market, though, will have to adjust further to an extended period of weakness in Europe, which will impact EM growth expectations and so the existential ursine strategist is skewing his macro expectations to the downside and with the market pricing a 'softish' global landing, there remains a considerable gap between downside risk potential and current expectations. Furthermore, Janjuah believes the upside is relatively self-limiting on the basis of commodity price pressures and the potential for property or asset bubble bursts - leaving upside limited and downside substantial.

Comments: 54 (http://www.zerohedge.com/news/bob-janjuah-answers-six-biggest-questions-heading-2012#comments)
Reads: 6,887

19.12.2011, 09:22

Arabischer Investor soll Air Berlin retten (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,804525,00.html)

Air Berlin will sich mit frischem Geld aus Abu Dhabi sanieren. Die arabische Fluggesellschaft Etihad steigt zum größten Einzelaktionär auf. Sie hält künftig fast 30 Prozent an der deutschen Airline, deren Chef Hartmut Mehdorn sammelt so 73 Millionen Euro ein. mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,804525,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=50332) ]

19.12.2011, 09:51

This week Max Keiser and co-host, Stacy Herbert, discuss Keiser's GIABO soup for the protesting person of the year and the true cost of bankers. In the second half of the show, Max talks to Leah McGrath Goodman about the price of oil and MF Global.

19.12.2011, 13:34
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
BCG Presents The One Chart To Explain The Implications Of Leaving The Euro (http://www.zerohedge.com/news/bcg-presents-one-chart-explain-implications-leaving-euro)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 04:40

On a day when data confirms Spanish bad loans creeping up to recent highs and deposits continuing to stream out of the periphery, Boston Consulting Group has released an excellent treatise on the "What Next? Where Next?" perspective of the impact of collateral damage in and out of the Eurozone. The critical questions for most market watchers and prognosticators remain, how likely is an exit, and what would be the implications for 'leaver' and 'left behind'? BCG offers an at-a-glance chart of the economic, social, and market expectations for the ins-and-outs and notes, in less-than-Deutsche-Bank-like mutually assured destruction language, the cost of leaving the Euro varying from EUR3,500 to 11,500 depending on weak or strong exiting country per person per year. No matter what, an exit would impact the world economy considerably and BCG strongly suggests corporate management consider a Euro-zone breakup as a possible scenario for next year, along with a muddle-through, a Japanese deflation-like evolution, or a significant inflation possibility.

Comments: 24 (http://www.zerohedge.com/news/bcg-presents-one-chart-explain-implications-leaving-euro#comments)
Reads: 4,330

19.12.2011, 13:37
http://www.zerohedge.com/sites/default/files/pictures/picture-9750.png (http://www.zerohedge.com/users/ransquawk-video)
RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 19/12/11 (http://www.zerohedge.com/news/ransquawk-european-morning-briefing-stocks-bonds-fx-etc-%E2%80%93-191211)

Submitted by RANSquawk Video (http://www.zerohedge.com/users/ransquawk-video) on 12/19/2011 - 06:15 ETC (http://www.zerohedge.com/category/security-name/etc) Morning Briefing (http://www.zerohedge.com/category/tags/morning-briefing) RANSquawk (http://www.zerohedge.com/category/tags/ransquawk)


19.12.2011, 13:39
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Frontrunning: December 19 (http://www.zerohedge.com/news/frontrunning-december-19)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 07:01[/url]

Obituary: Kim Jong-il ([url="http://www.ft.com/cms/s/0/31182170-8a4d-11dd-a76a-0000779fd18c.html"]FT (http://www.zerohedge.com/category/tags/united-kingdom))
Draghi Warns on Eurozone Break-up (FT (http://www.ft.com/intl/cms/s/0/15bcafb0-296c-11e1-8b1a-00144feabdc0.html#axzz1gysGp468))
EU Ministers Seek Crisis IMF Funding Deal (Bloomberg (http://www.bloomberg.com/news/2011-12-18/european-finance-ministers-to-discuss-crisis-tomorrow-as-confidence-wanes.html))
China November Home Prices Post Worse Performance This Year (Bloomberg (http://www.bloomberg.com/news/2011-12-18/china-s-november-home-prices-post-worse-performance-this-year-amid-curbs.html))
China Debts Dwarf Official Data With Too-Big-to-Finish Alarm (Bloomberg (http://www.bloomberg.com/news/2011-12-18/china-debts-dwarf-official-data-with-too-big-to-complete-alarms.html))
China opens up to offshore renminbi investors (FT (http://www.ft.com/intl/cms/s/0/2dd28108-2938-11e1-8b1a-00144feabdc0.html#axzz1gytipsWK))
Voters to Read Recovery Signs (Hilsenrath (http://online.wsj.com/article/SB10001424052970204058404577106740327523620.html))
Germany May Pay Full ESM Contribution in 2012 (Reuters (http://www.reuters.com/article/2011/12/18/us-germany-schaeuble-idUSTRE7BH0QP20111218))
U.S. Housing Heals Even as its Damage Widens (Reuters (http://finance.yahoo.com/news/U-S-housing-heals-even-damage-rb-1355346708.html))
S&P Cut Proves Absurd as Investors Prefer U.S. (Bloomberg (http://mobile.bloomberg.com/news/2011-12-18/s-p-downgrade-proves-absurd-as-global-investors-make-u-s-assets-preferred?category=%2F))

19.12.2011, 14:32
«Er trat uns in die Schienbeine oder spuckte uns sogar an» (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Er-trat-uns-in-die-Schienbeine-oder-spuckte-uns-sogar-an/story/25385415)

http://files.newsnetz.ch/story/2/5/3/25385415/20/teaserbreit.jpg?1324301316 (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Er-trat-uns-in-die-Schienbeine-oder-spuckte-uns-sogar-an/story/25385415) Die einzige kommunistische Dynastie hat einen Nachfolger: Kim Jong-un. Ausser in Nordkorea gibt es nur in der Schweiz eine Handvoll Menschen, die mit ihm schon einmal zu tun hatte. Mitschüler erzählen. Mehr... (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Er-trat-uns-in-die-Schienbeine-oder-spuckte-uns-sogar-an/story/25385415)

Aktualisiert vor 58 Minuten

...typisch doofe Schlagzeile :rolleyes

19.12.2011, 14:37
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
IMF Loans Likely To Fall Short Of €200 Expected As UK Pulls Rescue Funding (http://www.zerohedge.com/news/imf-loans-likely-fall-short-%E2%82%AC200-expected-uk-pulls-funding)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 08:14 As noted over the weekend (http://www.zerohedge.com/news/britain-about-scuttle-last-ditch-plan-z-european-bailout), the UK, having vetoed the December 9 summit, has made it clear it would also likely back out of its IMF mandated contribution to save the Eurozone. In other words, the €30.9 billion that was supposed to come from the UK to rescue French and Italian banks, is now probably gone, a move which threatens to topple the latest Plan Z euro bailout in which broke countries pool money to bailout the same broke countries. Sure enough, Dow Jones confirms it:

EU loans to IMF likely to fall short of expected EUR 200bln according to sources
Eurozone may move on IMF loans without immediate UK support according to a EU source
And while below we present the latest breakdown of IMF contribution by member countries, courtesy of Reuters, how long before populist pressure in various Eurozone (and especially non-Eurozone) countries threatens to topple governments unless each and every "joint and several" contributor country pulls a UK? Because if the UK is allowed to save taxpayer funds, why not everyone else?

Comments: 13 (http://www.zerohedge.com/news/imf-loans-likely-fall-short-%E2%82%AC200-expected-uk-pulls-funding#comments)

Reads: 1,009

19.12.2011, 14:46
Digital: 19. Dezember 2011, 11:12

Freunde der Enthüller (http://www.nzz.ch/nachrichten/digital/wikileaks_bradley_manning_1.13708341.html)

http://www.nzz.ch/images/friends_of_wikileaks_small_1.13709466.1324288748.jpg (http://www.nzz.ch/nachrichten/digital/wikileaks_bradley_manning_1.13708341.html) Verfahren gegen Bradley Manning und Julian Assange

2011 war ein schwieriges Jahr für Wikileaks. 2012 dürfte es um die Existenz der Whistleblower-Plattform gehen. Unterstützung soll nun ein eigenes soziales Netzwerk namens «FoWL: Friends of Wikileaks» bieten, in dem es zurzeit vor allem ums Geld geht. ...


19.12.2011, 14:48

:kopf es sei denn sie beweinen ihr eigenes Unglück in diesem Leben :oo

19.12.2011, 16:34

:eek :rolleyes

19.12.2011, 16:36
Politik: 19. Dezember 2011, 15:06

«Wir überwachen, inspizieren und untersuchen» (http://www.nzz.ch/nachrichten/politik/international/joss_armee_schweiz_korea_generalmajor_1.13711406.html)

http://www.nzz.ch/images/joss_small_1.13714601.1324304010.jpg (http://www.nzz.ch/nachrichten/politik/international/joss_armee_schweiz_korea_generalmajor_1.13711406.html) Die Rolle der Schweizer Armee im Korea-Konflikt

«Hin und wieder hören wir Artilleriefeuer und Explosionen. Daran haben wir uns aber längst gewöhnt.» So lautet der Tenor der Schweizer Truppe, die bei Panmunjom zwischen den beiden Koreas stationiert ist und die Einhaltung des Waffenstillstands kontrolliert. ...


19.12.2011, 16:58
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: Three Charts That Blow The Doors Off Any Hope Of A 2012 Rally (http://www.zerohedge.com/news/guest-post-three-charts-blow-doors-any-hope-2012-rally)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 10:04

A good way to generate hate mail is to question 1) Santa's "guaranteed year-end rally" and 2) the notion that market rallies always resume soon enough because of the Federal Reserve's backstop/intervention. If we step back from the latest shuck-and-jive data from the Ministry of Propaganda, a.k.a. the Status Quo managing perceptions, and take a longer view of the economy, money, credit and the stock market, we get an extremely troubling set of insights. Courtesy of this site's Chartist Friend from Pittsburgh, here are three charts that completely undermine the fantasy that central planning/intervention can "save the market" once again in 2012 and beyond.

Comments: 59 (http://www.zerohedge.com/news/guest-post-three-charts-blow-doors-any-hope-2012-rally#comments)
Reads: 5,087

Mon, 12/19/2011 - 10:21 | 1994008 (http://www.zerohedge.com/news/guest-post-three-charts-blow-doors-any-hope-2012-rally#comment-1994008) new monopoly (http://www.zerohedge.com/users/monopoly)
http://www.zerohedge.com/sites/default/files/pictures/picture-1301.jpg (http://www.zerohedge.com/users/monopoly)
"Where is inflation". Well, just go shopping, pay your medical premiums, buy a new car or put gas in it. Head to WalMart, Kohls, and check the prices from a year ago.
DO NOT look at govt. figures. They just bullshit us day in and day out.
Christmas just not the same. We are slowly moving down into the abyss. But it takes time for our govt. to completely destroy an economy and country as large as ours.

19.12.2011, 17:57
(http://www.aljazeera.com/news/middleeast/2011/12/20111219114141785291.html)Egyptian army continues crackdown on protests (http://www.aljazeera.com/news/middleeast/2011/12/20111219114141785291.html)

Death toll rises to 12 as clashes between protesters and army enter fourth day, drawing UN and US condemnation.

Last Modified: 19 Dec 2011 15:59 GMT

....diese Frau trug den schwarzen Schleier - jetzt sollte doch allen Frauen dämmern, dass das nicht ein Schutz ist was ihnen ja immer vorgegaukelt wird - die Brutalität dieser Männer macht wohl vor gar nichts halt - Hauptsache es liegt wehrlos am Boden und man kann so richtig seine Komplexe abladen und tüchtig reindreschen - miese feige widerliche Pimpfe :bad da bekomme ich so einen richtigen Hass :gomad

19.12.2011, 18:08
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: Jon Corzine, MF Global, And Unaccountability (http://www.zerohedge.com/news/guest-post-jon-corzine-mf-global-and-unaccountability)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 11:43 In April 2007, former New Jersey governor, 'honorable', Jon Corzine had an altercation with a Garden State Parkway guardrail. A year later, he addressed a bevy of reporters at the swanky Drumthwacket mansion and expressed appreciation for “family, friends, and the fragility of life.” During his recovery period, he advocated seatbelt safety, before returning to New Jersey's budget, extracting $500 million in austerity measures from farmers, educators, and environmentalists, and hiking tolls on New Jersey roadways. On the one-year anniversary of his accident, his chief-of-staff, Bradley I. Abelow declared, “Corzine has returned to his former self as a thorough and exacting boss.” (http://www.nytimes.com/2008/04/08/nyregion/08corzine.html?scp=1&sq=accident+changed+corzine&st=nyt) (Italics mine.) Fast forward to the current MF Global flameout. Abelow shifted to Corzine’s Chief Operating Officer. And not only did Corzine ratchet up the ante on ways to really piss off farmers, but after several days of engaging in verbal dodge ball with Congress, this ‘thorough and exacting boss’ maintained his Forest Gump type cloak of secrecy regarding the stolen $1.2 billion of his customers’ segregated money. After days of political-reality TV, we knew nothing more about its evaporation. Corzine and his stewards, Abelow and Chief Financial Officer, Henri Steenkamp, executed a perfect chorus of ‘I don’t recalls’, ‘I didn’t intends’ and ‘the butler did its’.

Comments: 9 (http://www.zerohedge.com/news/guest-post-jon-corzine-mf-global-and-unaccountability#comments)
Reads: 812

19.12.2011, 19:13
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Thunder Road Report Update: "Dear Portfolio Manager, You Are Heading Into A Full-Spectrum Crisis." (http://www.zerohedge.com/news/thunder-road-report-update-dear-portfolio-manager-you-are-heading-full-spectrum-crisis)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 12:22

Paul Mylchreest, author of the Thunder Road, releases his much anticipated latest report, and it's a doozy: "2012: Dear Portfolio Manager, you are leaving the capitalist sector and heading into a full-spectrum crisis." He continues: "You were to hear a report on the world crisis. That is what you are going to hear. For twelve years you have been asking: Who is John Galt? This is John Galt speaking….Now it’s getting serious. 2012 will be a year to remember as the globalist agenda comes into focus amidst economic and geo-political crises: The titles of the last two Thunder Road Reports were prefaced with “Helter Skelter” - “The Illusion of Market Stability” followed by “Gentlemen Start Your Engines”. Sadly, the Helter Skelter I was writing about – the second part of the Great Financial Crisis is in progress and I’m expecting it to come to a head next year (2013 if we’re very lucky). The only question is WHAT brings it to a head? We’re not short of possible causes – a bank failure, sovereign default, Eurozone tipping into recession or the Middle East. Despite all the evidence to the contrary, like overwhelming debt levels and insolvent banks/sovereigns, the consensus seems convinced that we can “muddle through”. Dow Theory veteran, Richard Russell, explained it best: “In the coming two or three years we will be going through unprecedented situations beyond the understanding of most analysts.”"

Comments: 19 (http://www.zerohedge.com/news/thunder-road-report-update-dear-portfolio-manager-you-are-heading-full-spectrum-crisis#comments)
Reads: 4,414

Mon, 12/19/2011 - 12:26 | 1994563 (http://www.zerohedge.com/news/thunder-road-report-update-dear-portfolio-manager-you-are-heading-full-spectrum-crisis#comment-1994563) new GeneMarchbanks (http://www.zerohedge.com/users/genemarchbanks)
http://www.zerohedge.com/sites/default/files/pictures/picture-44369.png (http://www.zerohedge.com/users/genemarchbanks)
Richard Russell's interviews from the early 2000s about housing and gold were incredibly accurate and timely. Next 2-3 years will be fun for those forearmed.

19.12.2011, 19:16
Interview mit der Tochter

Timoschenko ist "politische Gefangene" (http://www.zdf.de/ZDFmediathek/content/1524204)

"Meine Mutter hat ernsthafte gesundheitliche Probleme", sagt Jewgenija Karr-Timoschenko, Tochter der inhaftierten ukrainischen Oppositionspolitikerin Julia Timoschenko. "Sie hat so große Schmerzen." [Video starten] (http://www.zdf.de/ZDFmediathek/content/1524204)

Timoschenko zu sieben Jahren Haft verurteilt (http://www.heute.de/ZDFheute/inhalt/7/0,3672,8356999,00.html)

19.12.2011, 19:39
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
2 Year Bond Auction Sees Lowest Foreign Interest Since February 2008 (http://www.zerohedge.com/news/2-year-bond-auction-sees-lowest-foreign-interest-february-2008)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 13:17

Following last week's stellar auctions, this week's issuance trio has started off with a whimper. While Tim Geithner managed to sell $35 billion (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2011/R_20111219_3.pdf)in 2 year notes today at a near record low rate of 0.24%, the details were very unimpressive. Because not only did the Bid To Cover decline from last month's record 4.07 to a modest 3.45, in line with the last 12 auction average, it was the precipitous drop in Indirect Bidding, aka foreign interest, that was most notable: at just 21.65% this was the lowest Indirect Take Down since February of 2008. Which means Dealers had to take on a majority of the auction. Which they did at 63.66% of the total. Naturally, this will not be a surprise to many: after all according to the latest TIC data, Chinese bond holdings tumbled (http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt)in October to the lowest in a year, Russian holdings collapsed, and courtesy of the Fed's weekly custodial account updates (http://www.federalreserve.gov/releases/h41/hist/h41hist9.txt), we know that foreigners have been selling tens of billions in US paper in the past several weeks. Slowly, the US is becoming the same ponzi scheme that it accuses Europe of being whereby Dealers buy up paper, and immediately repo it back to the Fed and other conduits. In other words, once the European repo market freeze crosses the Atlantic, then it will get very interesting very fast.

Comments: 10 (http://www.zerohedge.com/news/2-year-bond-auction-sees-lowest-foreign-interest-february-2008#comments)
Reads: 613

Mon, 12/19/2011 - 13:20 | 1994775 (http://www.zerohedge.com/news/2-year-bond-auction-sees-lowest-foreign-interest-february-2008#comment-1994775) new gojam (http://www.zerohedge.com/users/gojam)
http://www.zerohedge.com/sites/default/files/pictures/picture-68661.jpg (http://www.zerohedge.com/users/gojam)
"Slowly, the US is becoming the same ponzi scheme that it accuses Europe of being" Becoming ????

19.12.2011, 21:47
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
BAC Breaks 4 Handle, Drags Entire Market Down (http://www.zerohedge.com/news/bac-breaks-4-handle-drags-entire-market-down)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 15:09

As definitive evidence just how fucked up this entire market is, here is what happens to the ES the second the infinite BAC Bid at $5.00 finally gets taken out. This is the ESH2. That's right - the entire market moved tens billions in market cap because the Plunge Protection Team just failed at protecting the "precious" $5.00 level.

Comments: 106 (http://www.zerohedge.com/news/bac-breaks-4-handle-drags-entire-market-down#comments)
Reads: 6,394

19.12.2011, 21:51
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Europe Is Now Officially Bazooko's Circus - Italy To Provide €23.5 Billion In IMF Cash To Bailout Italy (http://www.zerohedge.com/news/europe-now-officially-bazookos-circus-italy-provide-%E2%82%AC235-billion-imf-cash-bailout-italy)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 15:04

The EU was already embarrassed into releasing a press release that it could procure €150 billion in Eurozone contributions to the IMF rescue, now that the UK is out of the picture and the December 9 Eurosummit agreed upon total of €200 billion including non-Eurozone contributors (mostly the UK with €30.9 billion) has been "adjusted." Now we find that the rabbit hole goes even deeper into Bazooko's Circus because according to a just released update, of the remaining meager €150 billion in funding, Germany will be responsible for €41.5 bn, France at €31.4 billion, and Italy will need to provide €23.5 billion. To, you know, bailout Italy. #Ref!


Comments: 61 (http://www.zerohedge.com/news/europe-now-officially-bazookos-circus-italy-provide-%E2%82%AC235-billion-imf-cash-bailout-italy#comments)
Reads: 2,972

19.12.2011, 21:52
Milliarden für den IWF

Briten verweigern Euro-Zone Hilfe (http://www.spiegel.de/politik/ausland/0,1518,804745,00.html)

200 Milliarden Euro wollten die EU-Finanzminister zur Stärkung des IWF sammeln - nur 150 Milliarden brachten sie zusammen. Hauptgrund dafür ist der Widerstand Großbritanniens. Es hält seinen Beitrag bis mindestens Januar zurück. Mit dem Geld soll der Währungsfond Krisenländer unterstützen. mehr... (http://www.spiegel.de/politik/ausland/0,1518,804745,00.html) [ Video (http://www.spiegel.de/video/video-1166352.html) | Forum (http://forum.spiegel.de/showthread.php?t=50401) ]

19.12.2011, 21:54
Nordkorea richtet offenbar Hunderte Beamte hin (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Nordkorea-richtet-offenbar-Hunderte-Beamte-hin/story/25344788)

http://files.newsnetz.ch/story/2/5/3/25344788/15/teaserbreit.jpg?1324327471 (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Nordkorea-richtet-offenbar-Hunderte-Beamte-hin/story/25344788) Nach dem Tod von Kim Jong-il fürchtet die Welt um die Stabilität Nordkoreas. Dieselbe Sorge plagt Nachfolger Kim Jong Un: Laut Amnesty International schaltet er Beamte aus, die ihm gefährlich werden könnten. Mehr... (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Nordkorea-richtet-offenbar-Hunderte-Beamte-hin/story/25344788)

Aktualisiert vor 8 Minuten

Macht, Gier, Geld "regiert" die Welt :bad:bad

19.12.2011, 21:56
Politik: 19. Dezember 2011, 21:24

Weitere Eskalation in der irakischen Führung (http://www.nzz.ch/nachrichten/politik/international/irak_maliki_hashemi_1.13720950.html)

http://www.nzz.ch/images/irak_tarik_hashemi_vizepraesident_small_1.13721107.1324326161.jpg (http://www.nzz.ch/nachrichten/politik/international/irak_maliki_hashemi_1.13720950.html) Ministerpräsident Maliki erlässt Haftbefehl gegen Vizepräsident Hashemi

(http://www.nzz.ch/nachrichten/politik/international/irak_maliki_hashemi_1.13720950.html)Kaum hatten die letzten amerikanischen Soldaten den Irak verlassen, hat die schiitische Regierung unter Ministerpräsident al-Maliki einen Haftbefehl gegen den sunnitischen Vizepräsidenten Hashemi ausgegeben.


:rolleyes:mad deprimierend :gomad


20.12.2011, 08:35
SP 500 and NDX Futures Daily Charts (http://jessescrossroadscafe.blogspot.com/2011/12/sp-500-and-ndx-futures-daily-charts_19.html)

The futures have now rolled to the front month of March.

Thin volumes today and they will get thinner as the week progresses.

Keep one eye on Europe. And be careful in 'shorting a dull market.'

They may jam one for Santa.

Posted by Jesse at 4:51 PM (http://jessescrossroadscafe.blogspot.com/2011/12/sp-500-and-ndx-futures-daily-charts_19.html) :verbeug

20.12.2011, 08:44
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Gallup Finds Unemployment Rises For Fourth Week In A Row, Cautions On BLS Data (http://www.zerohedge.com/news/gallup-finds-unemployment-rises-fourth-week-row-cautions-bls-data)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 16:28

Gallup, which unlike the BLS, does not fudge, Birth/Die, or seasonally adjust its data, has just released its most recent (un)employment data (http://www.gallup.com/poll/151601/Underemployment-Mid-December-Similar-Year-Ago.aspx). And it's not pretty: for all those hoping that the Labor Participation Rate fudge that managed to stun the world a few weeks ago with a major drop in the November jobless rate, don't hold your breath. Gallup which constantly pools 30,000 people on a weekly basis, has found that for the past 4 weeks, both underemployment and unemployment have risen for 4 weeks in a row. And while the number of US workers "working part time and wanting full-time work" one of the traditional short cuts to boosting US jobs has risen to almost a 2 year high, it is the Job Creation Index in December which plunged in the last week, confirming that the Initial Claims data out of the BLS has been spurious and is likely to revert back over 400k on short notice. In summary, here is how Gallup debunks the BLS' propganda: "The sharp drop in the government-reported unemployment rate for November and the sharp drop in jobless claims during the most recent reporting week have combined to create the perception that the job market may be improving. Economists are wondering whether this means the economy is stronger than previously estimated. Political observers are wondering how fast and how far the unemployment rate needs to fall to significantly improve the president's re-election prospects. In contrast, Gallup's data suggest little improvement in the jobs situation. December unemployment is up slightly on an unadjusted basis. In fact, the government is likely to report essentially no change in the unemployment rate when it issues its report on December unemployment in the first week of 2012. Of course, this assumes that the labor force doesn't continue to shrink at so rapid a pace that it drives down the unemployment rate, as it did last month. Gallup's most recent weekly job creation numbers also suggest little improvement in the jobs situation. As a result, it may be wise to exercise caution in interpreting the drop in the government's most recent jobless claims numbers." Or, less diplomatically, the BLS is lying like a drunken sailor just as the economy is about to turn. And if BAC continues languishing under $5, it will turn very hard.

Comments: 87 (http://www.zerohedge.com/news/gallup-finds-unemployment-rises-fourth-week-row-cautions-bls-data#comments)
Reads: 6,328

Mon, 12/19/2011 - 17:49 | 1995852 (http://www.zerohedge.com/news/gallup-finds-unemployment-rises-fourth-week-row-cautions-bls-data#comment-1995852) new IAmNotMark (http://www.zerohedge.com/users/iamnotmark)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/iamnotmark)
I sure feel like an outlaw whenever I deal with government paperwork.
Or is it: I sure feel like I'm dealing with outlaws whenever I deal with the government.

20.12.2011, 08:48
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Bureau Of Labor Statistics Caught Red Handed Leaking Confidential Employment Data (http://www.zerohedge.com/news/bureau-labor-statistics-caught-red-handed-leaking-confidential-labor-data)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/19/2011 - 23:07 While this will hardly come as a surprise to any of our regular readers, occasional visitors may be confused to learn that according to a discovery by the Carolina Journal, North Carolina "Gov. Bev Perdue’s press office has received access to confidential employment data from the U.S. Bureau of Labor Statistics hours if not days before its scheduled release, quite likely in violation of federal law." Once again the rabbit hole, which these days is pretty much everywhere, emerges: "Documents and correspondence obtained by Carolina Journal show that the Division of Employment Security, formerly known as the Employment Security Commission, sent a draft of the press release each month to Perdue’s press office. The governor’s spokesmen typically rewrote the text and added a positive spin, even if the data did not support Perdue’s talking points." And while one may say this is a perfectly innocuous leak of otherwise embargoed data, others may highlight the following facts: "While the operation may sound like a harmless effort to add political spin to the release of jobs data, sharing confidential BLS estimates while they are protected by an embargo violates a federal law barring the early release of employment data. This is no small matter: A conviction for breaching the Confidential Information Protection and Statistical Efficiency Act of 2002 carries a fine of up to $250,000, up to five years in prison, or both." Of course, when it comes to breaking the law, both members of the US banking class, as well as America's politicians, are perfectly immune from any repercussions. But at least the next time the market does its usual pre-NFP acrobats, the only question will be: which particular US politicians i) traded in advance of the embargo lift, and ii) leaked the information to ten of their closest friends, who did the same, who did the same, etc.

Comments: 68 (http://www.zerohedge.com/news/bureau-labor-statistics-caught-red-handed-leaking-confidential-labor-data#comments)
Reads: 4,075

Tue, 12/20/2011 - 00:07 | 1996617 (http://www.zerohedge.com/news/bureau-labor-statistics-caught-red-handed-leaking-confidential-labor-data#comment-1996617) new FEDbuster (http://www.zerohedge.com/users/fedbuster)
http://www.zerohedge.com/sites/default/files/pictures/picture-13062.jpg (http://www.zerohedge.com/users/fedbuster)
The numbers are lies, the market is rigged and if you are still trying to "play" it, you are going to get what you deserve. Corzine can fucking steal YOUR money, from YOUR account and still be called "Honorable" by our corrupt Congress. WTF???? You think they play by any set of rules. Rules are for the serfs. There is no rule of law. Don't like it? STFU or will rendition your ass to some shithole prison where we will torture your ass:

S. 1867 (NDAA): Secret Torture Provisions For Home Grown Terrorists (http://www.youtube.com/watch?v=Z0wpAcovRFk)

20.12.2011, 08:50

:kotz :gomad

WHERE IS THE OUTRAGE???? This is video of a debate that took place on the House floor about the proposed Amendment that would have exempted Americans from being subjected to indefinite detention WITHOUT due process, or the secret torture provisions that this debate is about.

This effort was to ENSURE that Americans WOULD be included in this Act. (It was successful...all Americans are a target.) It's also an argument to keep certain provisions of S-1876 CLASSIFIED, including and especially the SECRET TORTURE PROVISIONS.

You will hear these Senators arguing to ensure that Americans would be subject to this Act and these provisions. This video and the words of these traitors should make it clear that this IS targeted toward Americans who believe in the Constitution, it's restraints on government and those who resist government corruption. As you will hear Lieberman say "Our biggest concern is "radical Americans." We MUST fight this, it's ILLEGITIMATE, usurped "authority" and therefore should NOT be recognized.

Share this video with everyone you know and be sure to show it to your local Sheriff and law enforcement authorities who might be recruited to help carry out this treason.

20.12.2011, 08:51
Wirtschaft: 20. Dezember 2011, 07:33

AT&T verzichtet auf Übernahme von T-Mobile USA (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/usa_att_t-mobile_usa_1.13725591.html)

Transaktion scheitert am massiven Widerstand der Behörden

http://www.nzz.ch/images/att_t-mobile_usa_handy_mobile_lead_1.13725638.1324363036.jpg (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/usa_att_t-mobile_usa_1.13725591.html)Der amerikanische Telekom-Riese AT&T wird T-Mobile USA nicht übernehmen. Grund für den Verzicht ist der massive Widerstand der US-Behörden. Der Kauf hätte 39 Milliarden in die Kassen des deutschen Konzerns gespült. Ein paar Milliarden bleiben dennoch. ...


20.12.2011, 09:00
weiteres aus der Betrugsklitsche MF Global



Zum Original-Beitrag (showthread.php3?p=1430087#post1430087)
......Just as when you deposit your currency at a bank, the bank doesn't keep your dollars separate from everyone else’s dollars; the bank simply tells you in your bank statements how much it owes you. But, legally, when you buy into a gold pool or certificate program, the bank becomes the owner of the gold.

If the bank gets into financial trouble (gasp!) it can sell your gold to maintain its assets at a level where it won’t get shut down and where it will avoid a run on the bank. In that instance, you won’t be paid back in gold, but rather in currency—less currency than the value of the gold the bank owed you—because logically a bank in trouble almost certainly would be forced to sell assets at fire-sale prices. If you live in a country with some kind of bank deposit protection (such as the Federal Deposit Insurance Corporation in the United States or Financial Services Compensation Scheme in the U.K.), your gold will not be covered. That’s because deposit insurance only applies to currency—meaning that, in the event of a bank crash, currency deposits are safer than unallocated gold......

20.12.2011, 09:11

:kotz"Hon...." in die Kiste mit diesem Schei$$kerl :gomad

20.12.2011, 09:44
Briten blockieren den Rettungsplan (http://www.tagesanzeiger.ch/ausland/europa/Briten-blockieren-den-Rettungsplan/story/16268948)

Grossbritannien will sich nicht am IWF-Paket für verschuldete Euroländer beteiligen. Die Anhebung der Hilfen um 200 Milliarden Euro scheitert vorerst. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Briten-blockieren-den-Rettungsplan/story/16268948)

Aktualisiert um 08:36