September 16, 2011
— Ace Three guesses.
It's not likely that a formal bailout will occur. As the OMB might say (the people who ware supposed to be crunching numbers and protecting the public fisc), the optics of that would be terrible.
But who knows.
But even absent a big, formal, declared bailout, there's some under-the-radar bailing-out going on.
The U.S. is coming to Europe's financial rescue.So far, America's role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America's status as the single largest source of money for the International Monetary Fund.
The latest round of American financial assistance came Thursday with a promise by the Federal Reserve to swap as many dollars for euros as European bankers need. In the short run, those transactions won't have much impact because the central banks are simply swapping currencies of equal value. If the move helps avert a wider crisis, it could help spare the global economy from another recession.
But over the long term, consumers could feel the impact of central bankers flooding the financial system with cash, according to John Ryding, chief economist at RDQ Economics.
"This is a lender of last resort function," he told CNBC. "With the dollar injections that the Fed has done, it's like giving a patient medicine with really bad side effects." Ryding said the bad side effect in the U.S. has been inflation, which has picked up to 3.8 percent year over year.
Worse yet, Europe is doing this to avoid a political solution that its elites oppose for political reasons.
I am quite sure that I haven't the foggiest idea about how difficult it would be, in practical terms, to unwind this whole Euro/economies-joined-at-the-hip-of-currency Frankenstein's monster they've created. I'm sure it would be painful and difficult.
But I'm also sure that Europe's Elites have long made huge bets on this and are avoiding it at least partly because of the political repudiation that would follow.
So instead of giving that possibility a full and fair hearing, they keep doubling down on bailouts for the PIIGS, and we are enlisted to backstop this certain doom with our dollars.
Posted by: Ace at
12:21 PM
| Comments (250)
Post contains 389 words, total size 3 kb.
I'm not excited about that they insult us , yet we pay them to insult us?
Us , Hey europe how's that socialism working out?
europes response, It's swell you're paying for us to enjoy it.
Posted by: willow at September 16, 2011 12:24 PM (h+qn8)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 12:24 PM (ijjAe)
We are sending billions to Europe still. Billions that we do not have.
We are already bailing out Europe.Posted by: Vic at September 16, 2011 12:25 PM (M9Ie6)
Posted by: willow at September 16, 2011 12:25 PM (h+qn8)
Posted by: steevy at September 16, 2011 12:26 PM (fyOgS)
With the dollar injections that the Fed has done, it's like giving a patient medicine with really bad side effects."
So is the medication causing this retardation or is retardation causing the application of the medicine?
Posted by: Blue Hen at September 16, 2011 12:26 PM (6rX0K)
Posted by: lu at September 16, 2011 12:26 PM (pLTLS)
Posted by: moki at September 16, 2011 12:27 PM (dZmFh)
Posted by: Live Free Or Die at September 16, 2011 12:27 PM (s3fGZ)
Posted by: Ugknown at September 16, 2011 12:28 PM (F1JEL)
Posted by: Lord Admiral Barry, USS Titanic at September 16, 2011 12:28 PM (FcR7P)
Posted by: willow at September 16, 2011 12:28 PM (h+qn8)
Posted by: joncelli at September 16, 2011 12:29 PM (RD7QR)
Posted by: JackStraw at September 16, 2011 12:29 PM (TMB3S)
BREAKING: Genovia to be country to be expelled from Eurozone; Queen Mia to possibly abdicate throne.
Trichet to make statement at 5:00 ET.
Posted by: FireHorse at September 16, 2011 12:29 PM (F5OMl)
I concur.
Europe's debt crisis prompts central banks to provide dollar liquidity
Posted by: Kratos (Ghost of Sparta) at September 16, 2011 12:30 PM (9hSKh)
Posted by: Sgt. Fury at September 16, 2011 12:31 PM (ONGHB)
Posted by: Ugknown at September 16, 2011 12:31 PM (F1JEL)
So if SCOAMF takes us full Eurotard like he wants, who bails us out and Europe too. Actually there's no if, who bails us and Europe out as it stands now
Posted by: kbdabear at September 16, 2011 12:32 PM (Y+DPZ)
Posted by: kansas at September 16, 2011 12:32 PM (mka2b)
The EU being an unelected Oligarchy detached from the people was about to be exposed in any case. The Fed and administration being internationalistas par excellence did their "global patriotic duty"....
sucks to be us....I hear we're on the hook another half trillion bucks.
Posted by: sven10077 at September 16, 2011 12:32 PM (AEIYh)
but do we at least get a reach-around?
--------------
Can't you make do for yourself, or are you always looking for a government hand out?
Posted by: fluffy at September 16, 2011 12:33 PM (3SvjA)
Posted by: Vic at September 16, 2011 12:33 PM (M9Ie6)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 12:33 PM (ijjAe)
Greece may have inflated deficit numbers to get EU/IMF assistance. Europe the Union of Grifters.
Posted by: Hussein the Plumber at September 16, 2011 12:33 PM (jx2j9)
Posted by: Sub-Tard at September 16, 2011 12:33 PM (0M3AQ)
Posted by: China at September 16, 2011 12:34 PM (FcR7P)
Posted by: Oldcat at September 16, 2011 12:34 PM (z1N6a)
Did you say that Barack Obama is a stuttering clusterf*ck of a miserable failure?
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 12:34 PM (8y9MW)
Folks.... we're boned on this...
Trading Euros, for Dollars today... in unlimited amounts...
We hold the Euros, then the Euro declines in value? as it WILL as this debt crises gets worse?
We are broke... how the heck can we be bailing out anyone?
Posted by: Romeo13 at September 16, 2011 12:34 PM (NtXW4)
Until they bail America out, they can go home and get their fuckin' shine boxes
Posted by: kbdabear at September 16, 2011 12:35 PM (Y+DPZ)
Posted by: steevy at September 16, 2011 12:35 PM (fyOgS)
Posted by: Barry at September 16, 2011 12:35 PM (FcR7P)
I'll take the under.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 12:35 PM (8y9MW)
Posted by: President Killed The Economy at September 16, 2011 12:36 PM (GTbGH)
Posted by: Oldcat at September 16, 2011 12:36 PM (z1N6a)
Posted by: JackStraw at September 16, 2011 12:36 PM (TMB3S)
Posted by: joncelli at September 16, 2011 12:36 PM (RD7QR)
indeed...rumors say even more than reported....
essentially the other day I was giving my NOT PROFESSIONAL opinion on when to buy Greek paper...
I said if you somehow knew that Germany was on the hook buy all your play money's worth....
well Germany got off the hook and we hopped on....
Posted by: sven10077 at September 16, 2011 12:36 PM (AEIYh)
Posted by: kbdabear at September 16, 2011 12:36 PM (Y+DPZ)
Really what's not to love about this face?
http://tinyurl.com/3zrbx9n
I for one look forward to our new doggeh overlords.
Posted by: mpfs, TPT at September 16, 2011 12:36 PM (iYbLN)
Posted by: trainer at September 16, 2011 12:36 PM (Rojyk)
Posted by: fluffy at September 16, 2011 12:36 PM (3SvjA)
be careful, with the Fed paying the bill the Germans may be just peachy with the EUrocrats again
Posted by: sven10077 at September 16, 2011 12:37 PM (AEIYh)
Posted by: Vic at September 16, 2011 04:33 PM (M9Ie6)
What about our vanishing ink resources?
Posted by: Oldcat at September 16, 2011 12:37 PM (z1N6a)
If smugness had any monetary value, the EU would be still be sitting on huge surpluses from the past decade.
Posted by: Mætenloch at September 16, 2011 12:37 PM (pAlYe)
Posted by: willow at September 16, 2011 12:38 PM (h+qn8)
Fuck them. Fuck them. FUCK THEM.
How many of our soldiers have died giving them freedom? How much money have we spent on them? Who protected them from Soviet Invasion?
Who has paid for their security since 1945 and thereby covered the costs of their welfare state.
Screw Europe.
They are dead to me.
Let them collapse and rebuild on their own this time
Posted by: Ben at September 16, 2011 12:38 PM (wuv1c)
Posted by: steevy at September 16, 2011 12:38 PM (fyOgS)
imagine if arrogance unfounded was rocket fuel....
Fwance would have flown them to Mars by now
Posted by: sven10077 at September 16, 2011 12:39 PM (AEIYh)
Posted by: trainer at September 16, 2011 04:36 PM (Rojyk)
I was thinking the same thing...President Awesome can just fire some cash over to Europe without any authorization of said spending from the House? Big effin loophole if you ask me.
Posted by: Red Shirt at September 16, 2011 12:39 PM (FIDMq)
Posted by: moki at September 16, 2011 12:39 PM (dZmFh)
Posted by: joncelli at September 16, 2011 04:36 PM (RD7QR)
The South will rise again, Yankee!
Posted by: Oldcat at September 16, 2011 12:39 PM (z1N6a)
Posted by: mpfs, TPT at September 16, 2011 12:39 PM (iYbLN)
Congress abdicated their authority long about the 3rd time Obama did something blatantly unconstitutional. They refused to exercise their power, and now they no longer have it.
be careful, with the Fed paying the bill the Germans may be just peachy with the EUrocrats again
Who do you think is going to be on the hook for those "loans?"
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 12:39 PM (8y9MW)
Posted by: fluffy at September 16, 2011 04:36 PM (3SvjA)
poooolease. UPS silly it helps hold up finance our failing favored public servants!
Posted by: willow at September 16, 2011 12:39 PM (h+qn8)
Germany got off the hook and we hopped on....
-----------------------
Well, aren't we the clever ones?
Posted by: fluffy at September 16, 2011 12:39 PM (3SvjA)
Greece will bail first, so they have a sovereign currency to inflate to pay off their debts. As nobody pays taxes there, the downward spiral will go into overdrive.
Germany will probably bail right after, having said 'das ist verfikt' to the whole thing.
Then it all comes apart. Cue the riots, revolutions, and outright warfare.
And remember folks...that's the example Bary and his Lounge Leftards want us to follow!
Posted by: DarkLord© sez Obama is a stuttering clusterf--- of a miserable failure
Oh, and F--- Nevada! at September 16, 2011 12:39 PM (GBXon)
>>>And don't forget that much of the raison d'etre of the entire European Union was to turn Europe into a geopolitical counterweight to the US. But now they're running to us for help in maintaining their impractical ego project.
The Soviets did the same. I don't know if people recall but our grain shipments to the SU kept them going. If I'm not mistaken, Reagan cut them off
Posted by: Ben at September 16, 2011 12:41 PM (wuv1c)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 12:41 PM (OhYCU)
Posted by: Glenn Rice at September 16, 2011 12:41 PM (le5qc)
Posted by: Sub-Tard at September 16, 2011 12:41 PM (0M3AQ)
Posted by: Joffen at September 16, 2011 12:41 PM (EPcuy)
by seven degrees of Kevin Bacon Germany...
the Germans were pissed at having to take care of the Hellenic Fredo....
they like the EU as it gives them cover from their guilt fetish....
Posted by: sven10077 at September 16, 2011 12:41 PM (AEIYh)
I'll take the under.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 04:35 PM (8y9MW)
Yep. And they'll be loudly denying that it's even a possibility right up until the night it happens.
Posted by: Mætenloch at September 16, 2011 12:41 PM (pAlYe)
Posted by: t-bird at September 16, 2011 12:42 PM (FcR7P)
>>>>Then it all comes apart. Cue the riots, revolutions, and outright warfare.
On the upside people breed like crazy during war, for whatever reason. And god know Europeans need to have kids.
Posted by: Ben at September 16, 2011 12:42 PM (wuv1c)
Germany will probably bail right after, having said 'das ist verfikt' to the whole thing.
Why would Greece Bail? The money transfers are all they have. They will stand by the EU forever. Or until they are ejected.
Posted by: Oldcat at September 16, 2011 12:42 PM (z1N6a)
Posted by: ben bernanke at September 16, 2011 12:42 PM (GTbGH)
Posted by: mpfs, TPT at September 16, 2011 12:42 PM (iYbLN)
Won't happen. Merkel is in trouble in Germany and if the SPD gets in even more, they will fund the PIIGS just to crawl up the socialists asses. They are just like the Democrats here in the States.
Posted by: Ma Bell at September 16, 2011 12:42 PM (H/MnC)
Posted by: Ben at September 16, 2011 12:43 PM (wuv1c)
Posted by: mugiwara at September 16, 2011 12:43 PM (bv935)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 12:43 PM (OhYCU)
Posted by: Sub-Tard at September 16, 2011 04:41 PM (0M3AQ)
Most of the troops are elsewhere these days. We have some facilities there.
Posted by: Oldcat at September 16, 2011 12:44 PM (z1N6a)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 12:44 PM (ijjAe)
Posted by: Blue Hen at September 16, 2011 12:44 PM (6rX0K)
Utility rates sky-rocket. It's a cheap way to keep warm.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 12:44 PM (8y9MW)
Posted by: mpfs, TPT at September 16, 2011 12:44 PM (iYbLN)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 12:45 PM (OhYCU)
If I'm paying, Dibs on that castle in Bavaria.
Posted by: Oldcat at September 16, 2011 04:36 PM
I've got an idea: we make the loan contingent on those damn Frogs learning about a thing called soap. Not a penny until the whole country takes a shower!
Posted by: arhooley at September 16, 2011 12:45 PM (3kgHv)
Posted by: steevy at September 16, 2011 12:45 PM (fyOgS)
Posted by: willow at September 16, 2011 12:45 PM (h+qn8)
Posted by: mpfs, TPT at September 16, 2011 04:44 PM (iYbLN)
We wouldn't want a Gyro Gap, would we?
Posted by: Oldcat at September 16, 2011 12:45 PM (z1N6a)
Posted by: arhooley at September 16, 2011 04:45 PM (3kgHv)
Sounds like croanie capitalism to me - you have Proctor and Gamble stock?
Posted by: Oldcat at September 16, 2011 12:46 PM (z1N6a)
Posted by: J.J. Sefton at September 16, 2011 12:46 PM (UlUS4)
Obama however would not respond.
Posted by: willow at September 16, 2011 12:47 PM (h+qn8)
The US dollar is another ponzi scheme, the biggest of all.
Posted by: GnuBreed at September 16, 2011 12:47 PM (ENKCw)
Posted by: Sub-Tard at September 16, 2011 04:41 PM (0M3AQ)
Worse???
Turkey, a NATO member, may go postal on Israel... and under the terms of the NATO treaty, if Israel hits back at Turkeys homeland... we get pulled in by treaty.
Posted by: Romeo13 at September 16, 2011 12:47 PM (NtXW4)
I was told that if a house wasn't completed, the government couldn't tax it, therefore, no house was completed.
I heard a similar thing. This guy ran a store where there were a lot of Costa Ricans. A lot of them would buy a carpet or a toilet or something, and then, before they even load it into their truck, they'd damage it. They'd even ask someone in the store for a hammer to borrow, and then they'd crack the porcelain, on purpose, in a back corner. In the case of carpeting, they'd burn it on an edge.
Then they'd send it to a relative in Costa Rica but avoid the tariffs on new goods because Look! it's damaged.
Posted by: FireHorse at September 16, 2011 12:47 PM (F5OMl)
Posted by: Quis custodiet etc. at September 16, 2011 12:47 PM (3p99J)
Posted by: arhooley at September 16, 2011 12:47 PM (3kgHv)
Thanks, socialists. We just love paying for your fuckups.
Posted by: Lemon Kitten at September 16, 2011 04:47 PM (0fzsA)
We have the ability, they have the need.
Posted by: Oldcat at September 16, 2011 12:48 PM (z1N6a)
Posted by: Jan Bosk-owsky at September 16, 2011 12:48 PM (n2K+4)
I'm sure Jacque Chirac and Gerhard Schroeder have enough money in their seat cushions to take care of this little hiccup.
Posted by: pep at September 16, 2011 12:48 PM (GMG6W)
Posted by: arhooley at September 16, 2011 04:47 PM (3kgHv)
That's an act of war.
Posted by: Oldcat at September 16, 2011 12:48 PM (z1N6a)
Posted by: Oldcat at September 16, 2011 04:42 PM (z1N6a)
Greece is the prisoner going over the side of the ship first. All the prisoners are chained together, but Germany is the only prisoner with bolt cutters.
Posted by: Max Power at September 16, 2011 12:48 PM (q177U)
Posted by: Ugknown at September 16, 2011 12:48 PM (F1JEL)
We should pull all of our military bases out of Western Europe and move them to countries that appreciate us. Then invite the leaders of the countries who need bailing out to explain why, in front of congress and the country.
But first, they will blow us all.
Posted by: CharlieBrown'sDildo (NJConservative) at September 16, 2011 12:48 PM (LH6ir)
Posted by: J.J. Sefton at September 16, 2011 12:49 PM (UlUS4)
Serves the EU right, they kept trying to make and enforce all these rules about chocolate and pissing off various EU countries.
Don't mess with chocolate people, it's just common sense.
Posted by: ParanoidStillAGirlInSeattle at September 16, 2011 12:49 PM (RZ8pf)
fail here, fail there.
no it must be Obama and Republican racism.
not idealogy
Posted by: willow at September 16, 2011 12:49 PM (h+qn8)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 12:49 PM (ijjAe)
Posted by: steevy at September 16, 2011 12:49 PM (fyOgS)
France: Putaine Liquide
Germany: Flüssige Whore
Greece: υγρό Πόρνη
Italy: Whore liquido
I'm trademarking these bitches right now!
Posted by: mpfs, TPT at September 16, 2011 12:49 PM (iYbLN)
Posted by: joncelli at September 16, 2011 12:49 PM (RD7QR)
Then they'd send it to a relative in Costa Rica but avoid the tariffs on new goods because Look! it's damaged.
Posted by: FireHorse at September 16, 2011 04:47 PM (F5OMl)
That sounds clever. Why do you think they threw tea into the harbor?
Posted by: Oldcat at September 16, 2011 12:49 PM (z1N6a)
Posted by: J.J. Sefton at September 16, 2011 12:50 PM (UlUS4)
Turkey, a NATO member, may go postal on Israel... and under the terms of the NATO treaty, if Israel hits back at Turkeys homeland... we get pulled in by treaty.
Posted by: Romeo13 at September 16, 2011 04:47 PM (NtXW4)
....
Don't even know what to say about that. I really hope we will have a Republican President who will say, "Thanks, but no thanks", if that situation ever occurs. Who cares if that offends Turkey, fuck them.
Posted by: KG at September 16, 2011 12:50 PM (LD21B)
Sounds like croanie capitalism to me - you have Proctor and Gamble stock?
Okay, I'm outed. But I'd like to shove them all into the Seine on general principles.
Posted by: arhooley at September 16, 2011 12:51 PM (3kgHv)
Posted by: arhooley
The deal is off.
Posted by: mpfs, TPT at September 16, 2011 12:51 PM (iYbLN)
We have the ability, they have the need.
Yup. Except this combines From each according to his abilities, etc., with "You drive, because you've only had eight beers so you're the soberest."
Posted by: FireHorse at September 16, 2011 12:51 PM (F5OMl)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 12:51 PM (OhYCU)
I thought someone on a thread earlier in the week said this wasn't the case, though I forget the reason why.
The US didn't get pulled into the Falklands thing, for instance.
Posted by: Waterhouse at September 16, 2011 12:52 PM (3p99J)
Posted by: J.J. Sefton at September 16, 2011 12:52 PM (UlUS4)
Posted by: Merovign, Dark Lord of the Sith at September 16, 2011 12:52 PM (bxiXv)
I was in Paris about 10 years ago, and my sister asked me to pick up some frog cosmetics. I went to a shop in some elegant and expensive neighborhood (think Rodeo Drive or Soho or Madison Ave.), where the clerks were actually trained to apply the crap as well as sell it. They were immaculately dressed young Parisians, all three were smokin' hot, and all three stank. Not just a whiff of body odor from a long day at work. It was full-on "I haven't bathed in three days" stench.
Disgusting. And they make fun of Americans.
Posted by: CharlieBrown'sDildo (NJConservative) at September 16, 2011 12:53 PM (LH6ir)
Is that something like the Kavorka that Kramer had from Seinfeld?
Posted by: mpfs, TPT at September 16, 2011 12:53 PM (iYbLN)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 12:54 PM (ijjAe)
Posted by: Ugknown at September 16, 2011 12:54 PM (F1JEL)
Turkey, a NATO member, may go postal on Israel... and under the terms of the NATO treaty, if Israel hits back at Turkeys homeland... we get pulled in by treaty.
Posted by: Romeo13 at September 16, 2011 04:47 PM (NtXW4)
No, what I've read is that the NATO treaty only requires mutual defense if the attack is unprovoked. The Israeli blockade on Gaza is legal and if the Turks try to run it, they've committed an act of war and NATO could opt out of coming to their assistance.
Posted by: Mætenloch at September 16, 2011 12:54 PM (pAlYe)
Posted by: Merovign, Dark Lord of the Sith at September 16, 2011 12:54 PM (bxiXv)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 12:54 PM (OhYCU)
You're assuming rational decision making is taking place. Sadly, reason absented the premises a long time ago, probably about the time the folks building the EU said 'Sure, we'll let Greece in, we'll just tell them to behave and all will be well!'
Actually, probably prior to that point. Wishful thinking, thy name is leftard.
Posted by: DarkLord© sez Obama is a stuttering clusterf--- of a miserable failure
Oh, and F--- Nevada! at September 16, 2011 12:54 PM (GBXon)
I thought someone on a thread earlier in the week said this wasn't the case, though I forget the reason why.
>>>>>
I think it's because we're only obliged to defend a NATO member if they are attacked. Israel would have to attack Turkey first.
Posted by: not neo just conservative at September 16, 2011 12:54 PM (01RS2)
Think of the children!
Posted by: toby928™ at September 16, 2011 12:54 PM (GTbGH)
Posted by: mpfs, TPT at September 16, 2011 04:44 PM
As a consolation the Greek girls have big tits, but you need a weedwacker for getting through the other regions
Posted by: kbdabear at September 16, 2011 12:54 PM (Y+DPZ)
EU debt chart:
==============
Looks like France is holding nearly a trillion in bad debt. Somebody could come up with some seriously evil schemes with that.
Posted by: fluffy at September 16, 2011 12:55 PM (3SvjA)
I thought someone on a thread earlier in the week said this wasn't the case, though I forget the reason why.
The US didn't get pulled into the Falklands thing, for instance.
Posted by: Waterhouse at September 16, 2011 04:52 PM (3p99J)
It's a defensive treaty, for one thing. If the Israelis take Istanbul, perhaps then. If the Turks attack, no.
Posted by: Oldcat at September 16, 2011 12:55 PM (z1N6a)
Posted by: J.J. Sefton at September 16, 2011 12:55 PM (UlUS4)
And they make fun of Americans.
And they eat snails and spread ground-up goose liver on crackers and bitch about McDonald's.
Posted by: FireHorse at September 16, 2011 12:55 PM (F5OMl)
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 12:56 PM (8y9MW)
Israel is one thing. Cyprus, and possibly Greece...that's the real tinderbox.
Not to mention all those 'guest workers' across the Continent.
Posted by: DarkLord© sez Obama is a stuttering clusterf--- of a miserable failure
Oh, and F--- Nevada! at September 16, 2011 12:56 PM (GBXon)
Posted by: J.J. Sefton at September 16, 2011 12:56 PM (UlUS4)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 12:56 PM (ijjAe)
Posted by: arhooley at September 16, 2011 04:51 PM (3kgHv)
That's In-Seine-ity!
Posted by: Oldcat at September 16, 2011 12:56 PM (z1N6a)
Posted by: PR at September 16, 2011 12:57 PM (8a0kZ)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 12:57 PM (OhYCU)
Posted by: J.J. Sefton at September 16, 2011 12:57 PM (UlUS4)
Posted by: Waterhouse at September 16, 2011 04:52 PM (3p99J)
Falklands were outside of the covered area
For the purpose of Article 5, an armed attack on one or more of the Parties is deemed to include an armed attack:
on the territory of any of the Parties in Europe or North America, on the Algerian Departments of France (2), on the territory of or on the Islands under the jurisdiction of any of the Parties in the North Atlantic area north of the Tropic of Cancer; on the forces, vessels, or aircraft of any of the Parties, when in or over these territories or any other area in Europe in which occupation forces of any of the Parties were stationed on the date when the Treaty entered into force or the Mediterranean Sea or the North Atlantic area north of the Tropic of Cancer.Attacking anything in Turkey, which they consider as a 'party in Europe' is different.
Posted by: Romeo13 at September 16, 2011 12:57 PM (NtXW4)
Posted by: Waterhouse at September 16, 2011 12:58 PM (3p99J)
There's a reason Europe keeps siding against Israel.
Posted by: DarkLord© sez Obama is a stuttering clusterf--- of a miserable failure
Oh, and F--- Nevada! at September 16, 2011 12:58 PM (GBXon)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 12:58 PM (OhYCU)
Posted by: al-Cicero, Tea Party Jihadist at September 16, 2011 12:58 PM (rtM7G)
Posted by: George Orwell what knows Obama is a stuttering clusterfuck of a miserable failure at September 16, 2011 12:58 PM (AZGON)
Oh-ho-ho ... Somme-day, Somme-day, ...
Posted by: FireHorse at September 16, 2011 04:58 PM (F5OMl)
You Loire.
Posted by: Oldcat at September 16, 2011 12:58 PM (z1N6a)
Posted by: mpfs, TPT at September 16, 2011 04:44 PM
As a consolation the Greek girls have big tits, but you need a weedwacker for getting through the other regions
Posted by: kbdabear
From what I've heard industrial strength Nair and NASA type hair removal lasers.
Morons are big tits really worth all that trouble?
Posted by: mpfs, TPT at September 16, 2011 12:58 PM (iYbLN)
That's In-Seine-ity!
Posted by: Oldcat at September 16, 2011 04:56 PM (z1N6a)
And that was weak. You lose 100 snark points.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 12:59 PM (8y9MW)
Posted by: toby928™ at September 16, 2011 12:59 PM (GTbGH)
Posted by: mpfs, TPT at September 16, 2011 04:58 PM (iYbLN)
You have to ask?
Posted by: Oldcat at September 16, 2011 12:59 PM (z1N6a)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 04:49 PM (ijjAe)
Where do you think they got their money from for a start up on a solid footing? Mostly from Germany
Posted by: Ma Bell at September 16, 2011 12:59 PM (H/MnC)
Posted by: J.J. Sefton at September 16, 2011 12:59 PM (UlUS4)
If he says no state bailouts and specifically calls out California.
Posted by: AmishDude at September 16, 2011 01:00 PM (T0NGe)
That's In-Seine-ity!
Posted by: Oldcat at September 16, 2011 04:56 PM (z1N6a)
And that was weak. You lose 100 snark points.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 04:59 PM (8y9MW)
Yes, no Soup for you!
Posted by: Soup Nazi at September 16, 2011 01:00 PM (NtXW4)
Most of the troops are elsewhere these days. We have some facilities there.
Posted by: Oldcat at September 16, 2011 04:44 PM (z1N6a)
We had 54,000 troops in Germany as of 2009. That's more than Korea.
We plan to have 3,000 in Iraq if the SCoaMF has his way.
Posted by: GnuBreed at September 16, 2011 01:00 PM (ENKCw)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 01:00 PM (OhYCU)
Sorry all out. My family gave at the Polish office in WWII.
Posted by: mpfs, TPT at September 16, 2011 01:00 PM (iYbLN)
Posted by: Sasha Obama at September 16, 2011 01:00 PM (Vy1lZ)
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 01:01 PM (8y9MW)
Posted by: Comrade Arthur at September 16, 2011 01:01 PM (5Z/+/)
They're the Elites. They Know Better.
Now shut up and work.
Posted by: Comrade Arthur at September 16, 2011 05:01 PM (5Z/+/)
Top... men....
Posted by: Gratuitus Indy Jones Snark at September 16, 2011 01:02 PM (NtXW4)
Posted by: J.J. Sefton at September 16, 2011 04:59 PM (UlUS4)
The genius of anti Semitism is that you don't need any actual Jews to blame them.
Posted by: Oldcat at September 16, 2011 01:02 PM (z1N6a)
This Sophie Marceau? (Sorta NSFW)
Posted by: CharlieBrown'sDildo (NJConservative) at September 16, 2011 01:02 PM (LH6ir)
From what I've heard industrial strength Nair and NASA type hair removal lasers.
-----------------------
What's wrong with hair down there?
Posted by: fluffy at September 16, 2011 01:02 PM (3SvjA)
Posted by: mpfs, TPT at September 16, 2011 04:58 PM
No trouble as long as you rub the lotion on them. Now turn around while I apply the Lancome
Posted by: Pamela's Bra Clasp at September 16, 2011 01:03 PM (Y+DPZ)
Aw, that's just Rhone, man.
Posted by: FireHorse at September 16, 2011 05:02 PM (F5OMl)
You are Asine for trouble.
Posted by: Oldcat at September 16, 2011 01:03 PM (z1N6a)
Posted by: J.J. Sefton at September 16, 2011 01:03 PM (UlUS4)
From what I've heard industrial strength Nair and NASA type hair removal lasers.
-----------------------
What's wrong with hair down there?
Posted by: fluffyThe problem is it's all over.
Posted by: mpfs, TPT at September 16, 2011 01:03 PM (iYbLN)
Posted by: Emperor of Icecream at September 16, 2011 01:04 PM (epBek)
Aw, that's just Rhone, man.
Posted by: FireHorse at September 16, 2011 05:02 PM (F5OMl)
You are Asine for trouble.
Posted by: Oldcat at September 16, 2011 05:03 PM (z1N6a)
Don't go that route. It never Alps.
Posted by: DarkLord© sez Obama is a stuttering clusterf--- of a miserable failure
Oh, and F--- Nevada! at September 16, 2011 01:04 PM (GBXon)
Posted by: The Chicken at September 16, 2011 01:04 PM (k2Fyd)
Posted by: J.J. Sefton at September 16, 2011 01:04 PM (UlUS4)
Posted by: cherry pi, terrorist hostage taking SOB at September 16, 2011 01:04 PM (OhYCU)
Posted by: J.J. Sefton at September 16, 2011 01:05 PM (UlUS4)
Let the fuckers burn and all the moslum radicals they've coddled for years with them.
They'll need oil for their wars which means the re-colonization (and pacification) of the arab states . . . .
Posted by: Jimmuy at September 16, 2011 01:05 PM (brUph)
Posted by: Sub-Tard at September 16, 2011 01:05 PM (0M3AQ)
Posted by: J.J. Sefton at September 16, 2011 01:06 PM (UlUS4)
I want the Louvre as collateral.
Fuck the Louvre, it's French. I'll take the Colosseum. Yeah, it's just a hunk of concrete, but you can feed leftists to the lions there for entertainment.
Posted by: IllTemperedCur at September 16, 2011 01:07 PM (wPbwV)
I think you need to double-check your premise.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at September 16, 2011 01:07 PM (8y9MW)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 01:07 PM (ijjAe)
Posted by: Merovign, Dark Lord of the Sith at September 16, 2011 01:08 PM (bxiXv)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 05:07 PM (ijjAe)
That would be a fight to the Finnish.
Posted by: Oldcat at September 16, 2011 01:08 PM (z1N6a)
Posted by: Adam Smith's Invisible Pimp Hand at September 16, 2011 01:08 PM (tKFT6)
Posted by: Merovign, Dark Lord of the Sith at September 16, 2011 05:08 PM (bxiXv)
You just blanked out after word 4
Posted by: Oldcat at September 16, 2011 01:09 PM (z1N6a)
Posted by: J.J. Sefton at September 16, 2011 01:09 PM (UlUS4)
Posted by: Adam Smith's Invisible Pimp Hand at September 16, 2011 05:08 PM (tKFT6)
There's nothing like a Dane.
Posted by: Oldcat at September 16, 2011 01:09 PM (z1N6a)
Nah, too complicated. He's just a schmuck.
Posted by: CharlieBrown'sDildo (NJConservative) at September 16, 2011 01:09 PM (LH6ir)
Posted by: J.J. Sefton at September 16, 2011 01:10 PM (UlUS4)
Posted by: Adam Smith's Invisible Pimp Hand at September 16, 2011 01:11 PM (tKFT6)
Fuck the Louvre, it's French. I'll take the Colosseum. Yeah, it's just a hunk of concrete, but you can feed leftists to the lions there for entertainment.
Posted by: IllTemperedCur at September 16, 2011 05:07 PM (wPbwV)
Hey, Mr. President... I got a GREAT Idea... lets pay Greece a few billion for the Parthenon! That way, next campaign, you can have REAL Greek Columns, and it gets the Greeks out of debt!
Win/Win!
Posted by: Tim Geithner at September 16, 2011 01:12 PM (NtXW4)
But I'm also sure that Europe's Elites have long made huge bets on this and are avoiding it at least partly because of the political repudiation that would follow.
Ace,
Repeatedly ignoring the votes against the EU have shown Euorocrats to be quite contemptuous of political repudiation. I think they're trying to avoid lynching, or at least reality forcing them to admit they were wrong and the peasant voters right.
Posted by: Randy M at September 16, 2011 01:12 PM (vI8R6)
Posted by: J.J. Sefton at September 16, 2011 01:13 PM (UlUS4)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 05:07 PM (ijjAe)
That would be a fight to the Finnish!
Posted by: FireHorse at September 16, 2011 01:14 PM (F5OMl)
Posted by: Merovign, Dark Lord of the Sith at September 16, 2011 01:14 PM (bxiXv)
Posted by: Merovign, Dark Lord of the Sith at September 16, 2011 01:16 PM (bxiXv)
"Yes, Mrs Merkel. We'll provide dollars. You provide the collateral."
"We want the Nurburgring. Yeah, the whole Nordschliefe, Adenau, Nurburg, just throw in the whole county. And Bavaria. Nice place and they know how to make money. Tell Sarkozy we're taking his Med coastline. He can keep Marseilles, but we want the pretty part. That goes for the Italians and Greeks and Spaniards too. Nah, we don't want the people...well, maybe the chicks that aren't too skanky. Oh, and we want islands. The warm ones, don't try to fob Ireland off on us. Yeah, I'll be sending over some folks to scope it all out."
"You didn't think we were going to do this UNSECURED, did you?"
Posted by: JEM at September 16, 2011 01:16 PM (o+SC1)
Posted by: Iblis at September 16, 2011 01:20 PM (/oDXi)
Posted by: Blue Falcon in Boston training for the ONT mudwrestling match at September 16, 2011 01:21 PM (ijjAe)
For collateral, who's the heat-stoppingly beautiful frog newsreader that used to have her photo up on the AoS ads all the time? Run her through a car wash in a convertible for frog-stench removal.
Posted by: IllTemperedCur at September 16, 2011 01:23 PM (wPbwV)
Posted by: steevy at September 16, 2011 01:25 PM (fyOgS)
Posted by: MrCaniac at September 16, 2011 01:31 PM (eKuOw)
Posted by: Iblis at September 16, 2011 01:31 PM (/oDXi)
Posted by: Rick Perry For Amnesty at September 16, 2011 01:46 PM (EL+OC)
Posted by: SFGoth at September 16, 2011 02:14 PM (dZ756)
Posted by: SFGoth at September 16, 2011 02:16 PM (dZ756)
Posted by: Rondinellamamma at September 16, 2011 03:16 PM (165ZM)
We have no credit risk from Euro banks, that's not what's happening- there's no 'bailout' to not get repaid.
If you're worried about the Euro, remember:
1) It is wayyyy stronger than the USD right now, and
2) the swap will be repaid at the original rate.
So the US doesn't have any FX risk, the ECB just returns the dollars to the Fed. [As noted, the ECB can print all the euros they want to buy our dollars back anyway.]
The WH/Fed does a lot of dumb things, this is NOT one of them.
Posted by: horn at September 16, 2011 04:06 PM (ZjP0F)
Posted by: sven10077 at September 16, 2011 05:30 PM (ZeRDv)
Posted by: Storm’s Heart AudioBook at September 16, 2011 05:45 PM (EYYAV)
I see a 'Jimmy Carter' redux with all this tons of magic money being dumped into the world market the rocket has to take off sooner or later.
A couple weeks ago I went all in and invested. I had moved to cash back when the market was around 11000 the first time. Now I have stocks in companies you can't do with out - garbage hauling, food, gas and oil (particularly shale deposits), medical. I put a third into gold metal ETF as well.
You might want to stock in food and ammo. It won't go down in price that's for sure. If this goes Weirmar Republic or Zimbabwe you'll be miles ahead.
Posted by: chuck in st paul at September 17, 2011 08:51 AM (EhYdw)
Posted by: sven10077 at September 16, 2011 09:30 PM
The idea that this swap is accomplishing anything if it is a straight swap is funny.
Rearranging the deck chairs on the Titanic seems a fitting metaphor. The crew is 'doing something' during the emergency.
Posted by: chuck in st paul at September 17, 2011 08:56 AM (EhYdw)
Posted by: fluffy at September 16, 2011 04:30 PM Is that the same box they used for Schrödinger's cat?? Seems like the outcome will actually be deterministic - Social (in)Security IS dead.
Posted by: chuck in st paul at September 17, 2011 09:04 AM (EhYdw)
Posted by: anglo at September 20, 2011 09:57 AM (Qahzu)
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Posted by: Max Power at September 16, 2011 12:23 PM (q177U)