DE GROTE EURO ZONE CRISIS : The Endgame

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Goed nieuws, de Moody lijn valt samen met de grens van Belgie.

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Spanje in grote crisis, geen akkoord met de ECB.

TELEGRAPH - Spain faces 'total emergency' as fear grips markets
Spain is facing the gravest danger since the end of the Franco dictatorship as the country is frozen out of global capital markets and slides towards an epic showdown with Europe. “We’re in a situation of total emergency, the worst crisis we have ever lived through” said ex-premier Felipe Gonzalez, the country’s elder statesman.

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Griekse toestanden in Spanje, herhaalt het scenario zich ?

REUTERS - Money flies out of Spain, regions pressured
<sub>(Reuters) - Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut.

Spain is the next country in the firing line of the euro zone's debt crisis, with spendthrift regions and shaky banks threatening to blow a hole in state finances and pushing funding costs towards levels that signal the need for a bailout.

...</sub>

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Tyler Durdan (Zero Hedge) geeft een korte samenvatting van de presentatie "The Endgame" door Raoul Pal.


Raoul Pal

Raoul Pal was werkzaam bij Goldman Sachs en het GLG Global Macro Fund in Londen voor GLG Partners, een van de grootste hedge fund groepen in de wereld. Nadien stichtte hij Global Macro Investor.

Zijn laatste werk is bijzonder onrustwekkend. Neem even de samenvatting door of ga zonder verwijl naar de directe link voor zijn presentatie, onderaan deze post.

ZERO HEDGE - "The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?

<sub>If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn't. The founder of Global Macro Investor "previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe... Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes." It is his writing we are concerned about, and specifically his latest presentation, which is, for lack of a better word, the most disturbing and scary forecast of the future of the world we have ever seen....

And we see a lot of those.

Consider this:

We are here...


- We don’t know exactly what is to come, but we can all join the very few dots from where we are now, to the collapse of the first major bank…
- With very limited room for government bailouts, we can very easily join the next dots from the first bank closure to the collapse of the whole European banking system, and then to the bankruptcy of the governments themselves.
- There are almost no brakes in the system to stop this, and almost no one realises the seriousness of the situation.
- The problem is not Government debt per se. The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives…
- Yes, that equates to 1200% of Global GDP and it rests on very, very weak foundations
- From an EU crisis, we only have to join one dot for a UK crisis of equal magnitude.
- And then do you think Japan and China would not be next?
- And then do you think the US would survive unscathed?
- That is the end of the fractional reserve banking system and of fiat money.

It is the big RESET.

It continues:

Bonds will be stuck at 1% in the US, Germany, UK and Japan (for this phase).
The whole bond market will be dead.
Short selling on bonds - banned
Short selling stocks – banned
CDS – banned
Short futures – banned
Put options – banned

All that is left is the Dollar and Gold

It only gets better. We use the term loosely:

We have around 6 months left of trading in Western markets to protect ourselves or make enough money to offset future losses.
Spend your time looking at the risks of custody, safekeeping, counterparty etc. Assume that no one and nothing is safe.
After that…we put on our tin helmets and hide until the new system emerges

And the punchline

From a timing perspective, I think 2012 and 2013 will usher in the end.

Enjoy:</sub>

Bekijk de presentatie/slideshow (32 Slides)hier : SCRIBD - The-End-Game

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De Europese Commissie en hun eurocommissarissen waarschuwen : Meer samenwerken of desintegreren.

TELEGRAPH - Euro is facing disintegration, Commission warns
_{The euro faces 'disintegration' unless European governments do much more to work together, the European Commission has warned.}

EXTRA : TELEGRAPH - Eurozone is 'unsustainable' warns Mario Draghi

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Het belangrijkste laatste nieuws is niet de bankencrisis in Spanje.

Maar wel : De crisis is voldoende gegroeid en de tijd is aangebroken.

Brussel eist Eurobonds en wil dat het ESM de Europese banken spekt.

Vanuit Berlijn horen we alvast : NEIN !


<sub>Via Mark J. Grant, Author of Out of the Box,

"I was answered through the stillness of night by a loud and fiendish laugh. It rang on my ears long and heavily; the mountains re-echoed it, and I felt as if all Hell surrounded me with mockery and laughter."

-Mary Shelley, Frankenstein

The most significant event of yesterday was not the Spanish banking system unlocking the door to the horror chamber and clicking the melt-down button that it found on the wall but what happened at the European Union. That which had been created woke and in its new found consciousness sat upright and staring into the void it turned upon its Master. It should not have come as a surprise, I suppose, but the mockery of the beast was a frightening sight.

For thirteen years the nations of Europe had worked, slaved, propped up their egos with their ministrations and yesterday the Creation came into its own mind and threw off the shackles in which it had been bound and leapt up upon the table and announced that it no longer belonged to any man and that the chains that had held it would not enslave it any longer. Brussels turned, and looking Berlin squarely in the eye, it used impolite words and gestures and essentially said:

"Stick it."

Those living in Belgium, created and paid for by the nations on the Continent, cast off their shackles and announced themselves free men. To some extent it was the fruition of them believing their own proclamations and to some extent it was their believing the dreams that had been foisted upon them but in the end, which occurred just yesterday, they demanded their own Manifest Destiny and announced it to the world.

Brussels has now called for Eurobonds, has called for the ESM to fund the European banks and it a sign of their new felt independence, has thrown all of this squarely in the face of Germany, the Netherlands, Finland et al who are providing the money. Firstly, and most humorously, there is no ESM at present; it does not exist. The markets spiked initially yesterday when Brussels made its grand pronouncement until the collective mind realized that what was called for was only resident in the imagination of those living in Belgium and was not a reality yet, if ever, in the real world. It was rather humorous to be frank, watching billions of Dollars and Euros change hands based upon a fantasy tossed out and written in officialdom for all to read. This was not even reliance upon some contingent asset or promise to pay because the mechanism, while much discussed and surely endorsed by most, had not yet come into existence so that it was rather like talking about what present you would like to get on your next birthday.

Finland emerged from the thaw first and said, “No,” to be followed by Germany that woke up and said “No” and the markets quickly came back to their senses but Brussels had already let the cat out of the bag and it remains to jump up now at any time and scratch everyone rakishly across the face. The European Union, like some amoeba dividing, is itself dividing with the nations needing funding, joined by the bureaucrats in Belgium, demanding total equality where everyone in Europe is to live exactly the same and with the exact same standards of living. This plays out well in Portugal, Greece, Spain et al but not so much in Germany, Austria and the Netherlands. However it all goes down I can assure you, one hundred percent, that in the end Berlin will not allow itself to decline to the extent that their lifestyle is exactly the same as those in Athens and Lisbon. That will NOT be happening in this lifetime !


France, the middle player and the supporter of Germany in times past is now firmly aligned with those demanding cohesion. The game has changed. It will no longer be push and shove and muddle through but convictions and ideology that are in stark opposition so that surprises and inflamed statements will become the order of the day and not the exception. If it is to be either Germany for the Germans or Germany for the citizens of Athens, make no mistake in your thinking; Berlin will prevail regardless of the outlying costs to either the nation or to the future of the Union that theoretically governs Europe.

"Mingled with this horror, I felt the bitterness of disappointment; dreams that had been my food and pleasant rest for so long a space were now become a Hell to me; and the change was so rapid, the overthrow so complete!"

-Mary Shelley, Frankenstein</sub>

NOTA : Merkel zou volgens sommige geruchten ook aanwezig zijn op Bilderberg 2012


EXTRA : KOPP - Bilderberg und der Euro (+VIDEO Interview)

door Andreas von Rétyi

[-=EXCALIBUR=-]

Oorspronkelijk geplaatst door zonbron

Het belangrijkste laatste nieuws is niet de bankencrisis in Spanje.

Maar wel : De crisis is voldoende gegroeid en de tijd is aangebroken.

Brussel eist Eurobonds en wil dat het ESM de Europese banken spekt.

Vanuit Berlijn horen we alvast : NEIN !

Ach ja, het zou niet de eerste keer zijn dat ze na de zoveelste NEIN uiteindelijk toch hun kar keren.

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Oorspronkelijk geplaatst door -=EXCALIBUR=-

Ach ja, het zou niet de eerste keer zijn dat ze na de zoveelste NEIN uiteindelijk toch hun kar keren.

Naja, na wat druk en enige toegevingen...

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Psssst... Ook in Belgie, Frankrijk en Italie vindt er een 'stille' bank run plaats.

DWN - Bank-Run nun auch in Frankreich, Belgien und Italien

Misschien spoedig geen 'vlot' verkeer van personen noch goederen binnen de eurozone... Alle landen van de eurozone bereiden zich voor, just in case

Der Standard - Planungen für Ernstfall
Griechenland: EU macht im Ernstfall Grenze dicht

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De Wereldbank waarschuwt : Pas op voor een herhaling van de grote paniek van 2008, de Eurozone zit in de gevarenzone !

Daily Mail - 'Beware a rerun of the Great Panic of 2008': Head of World Bank warns Europe is heading for 'danger zone' as world markets suffer bleakest day of the year so far

Robert Zoellick: 'Far from clear leaders ready for impending catastrophe'
Raft of dismal news from around world wreaked havoc on market
Manufacturing output crashed in Britain, jobless up in Europe and U.S.
Fast-emerging economies such as Brazil and China running out of steam

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Italiaanse Top Bankier : De Euro staat voor een 'di rupo', afgrond.

Reuters - Top Italy banker says risk of euro breakup growing
TRENTO, Italy | Fri Jun 1, 2012 5:07pm EDT

(Reuters) - A top Italian banker said on Friday that the European single currency was "on the edge of the abyss", and indicated that national regulators were helping to cripple interbank lending across the euro zone by urging banks to lend domestically.

[Kodo Kodo]

Oorspronkelijk geplaatst door zonbron

Psssst... Ook in Belgie, Frankrijk en Italie vindt er een 'stille' bank run plaats.

DWN - Bank-Run nun auch in Frankreich, Belgien und Italien

Misschien spoedig geen 'vlot' verkeer van personen noch goederen binnen de eurozone... Alle landen van de eurozone bereiden zich voor, just in case

Der Standard - Planungen für Ernstfall
Griechenland: EU macht im Ernstfall Grenze dicht

Im vergangenen Jahr wurden bei belgischen Banken 120 Milliarden Euro abgehoben. In Frankreich holten Kunden 90 Milliarden und in Italien 30 Milliarden Euro, von ihren Konten.

Even situeren: vorig jaar, als ik me goed herinner, stond er 280 miljard euro op Belgische spaarrekeningen. Nu dus nog 160 miljard? Over een maand of zo is de helft dus al weg. Dat belooft! Voor wie niet begrijpt wat dat voor de banken betekent (zowat het hele forum dus): http://rothbard.be/artikels/132-frac...eserve-parking

Waar kan ik mijn laatste maandsalaris voor een week of twee veilig parkeren? Voor de rest is de bankrekening van de heer K. Kodo natuurlijk ook allang netjes opgeruimd.

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Oorspronkelijk geplaatst door Kodo Kodo

Even situeren: vorig jaar, als ik me goed herinner, stond er 280 miljard euro op Belgische spaarrekeningen. Nu dus nog 160 miljard? Over een maand of zo is de helft dus al weg. Dat belooft! Voor wie niet begrijpt wat dat voor de banken betekent (zowat het hele forum dus): http://rothbard.be/artikels/132-frac...eserve-parking

Waar kan ik mijn laatste maandsalaris voor een week of twee veilig parkeren? Voor de rest is de bankrekening van de heer K. Kodo natuurlijk ook allang netjes opgeruimd.

Misschien hebben die allemaal staatsbons gekocht.

Inderdaad, de bank heden enkel nog gebruiken voor de nodige transacties lijkt me het veiligste.

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AIG ziet een oplossing : Werken tot 80.

BLOOMBERG - AIG Chief Sees Retirement Age as High as 80 After Crisis
American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase.

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Heeft het grote eurozoneproject nog toekomst ? De eindhalte is alvast in zicht. Laat de tram maar uitbollen.

Euro's vliegen de landen in problemen buiten, naar veiligere oorden. Deze veiligere bestemmingen nemen nu maatregelen om de grote influx van het fiat geld af te remmen.

TELEGRAPH - The week that Europe stopped pretending
The euro has essentially broken down as a viable economic and political undertaking. The latest rush of events reeks of impending denouement.

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Jij gaat hier blijven posten in tegen de volledige evidentie in dat er geen endgame is zeker? Geen enkele natie is voor het opgeven van de €, integendeel, er gaan er bij komen. Speculeer maar op wat anders.

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Net zoals de jonge hedge fund specialist die de economische wereld nog 6 maanden geeft, opent ook Soros zijn mond. Hij is wel iets voorzichtiger, volgens Soros hebben we nog 3 maanden...
De EU is een politieke bubbel. Natuurlijk is dit weer de zoveelste dreiging; de souvereiniteitsvernietigende ESM, de zo aantrekkelijke fiscale en politieke unie zijn een must.
Het is deze rotzooi door de strot laten rammen en slikken zonder zeuren of chaos en het einde van de wereld dreigt. Onzin deel 666666. De eurozone ? Opdoeken die levengevaarlijke handel. Nu !

CNBC - Three Months to Save the Euro: George Soros
Euro-zone governments have around three months to ensure the survival of the single currency, billionaire investor George Soros said in a speech on Saturday.

EXTRA : NY Times - Euro Zone Is Lurching to a Crossroad

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Het gaat steeds beter in Griekenland, gevangenissen zonder voedsel en het land zit bijna zonder elektriciteit, gas (energiecrisis !). Met dank aan GS , de eurocraten en de technocraten.

EURACTIV - Energy meltdown looms large over Greece
Greece's debt crisis threatened to turn into an energy crunch, with the power regulator calling an emergency meeting this week to avert a collapse of the country's electricity and natural gas system.

DIGITALJOURNAL - Greek prisons running out of food
Soup kitchens feed the hungry in Athens. Suicides due to financial despair become daily events. As people in Greece go hungry, the government has run out of funds to ensure food supplies are maintained to the prisons.

Spoedig chaos, geweld en opstand.

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Merkel moet plooien, de Spaanse banken hebben dringend hulp nodig. Geen bankunie !

BLOOMBERG - Pressure Builds on Merkel as Spain Calls for Bank Aid
Chancellor Angela Merkel’s spokesman said that Spain knows where to look for aid if it’s needed, giving no ground to Prime Minister Mariano Rajoy’s pleas that Germany consider new ideas to resolve the debt crisis.

Steeds minder buitenlandse leningen

BLOOMBERG - Banks Cut Cross-Border Lending Most Since Lehman: BIS
Global banks scaled back cross-border lending to companies, governments and each other at the fastest rate since 2008 in the final quarter of last year, with lenders based in the euro area leading the way.