Category Archives: Zeitgeist

Milton Berg: We’re at the Cusp of a 30-Year Bear Market

“The most overvalued equity market in history”

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The Mouse That Roared: Greece & Germany

Occasionally, real life imitates arts & entertainment.

Plot summary of The Mouse That Roared (1959), a film starring Peter Sellers:

When the tiny nation of Grand Fenwick’s only export, a special wine, begins to be produced in California, their entire economy collapses. Things look dire until Prime Minister Rupert Mountjoy (Peter Sellers) points out that no country that has declared war on the United States has ever gone hungry. When Field Marshall Tully Bascombe (Peter Sellers) and the 23 other men in the Grand Fenwick army invade the United States, their plan to immediately surrender unravels.

Selected quotes from ‘Blackmail time! Germany considers bailout “concessions”, if Greece keeps more refugees‘:

The German Government is considering to ‘help’ Greece financially – but only if Athens is more involved in the refugee crisis. This is what German daily Wirtschaftswoche ‘learned’ from German government sources. “German government no longer rules out to come towards Greece financially, if Athens increases its commitment in the refugee crisis,” WiWo notes on Friday and adds citing  Merkel’s government sources: “Our highest priority is currently that more refugees remain in Greece.

So to make it clear, Grand Fenwick:Greece::United States:Germany, and refugees≈invaders.

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xkcd: Turbine

Ok, plan B: Fly a kite into the blades, with a rock in a sling dangling below it, and create the world’s largest trebuchet.

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In The News – January 10th, 2014

Ufogel: I want to vacation here, and then maybe build one somewhere in Washington state.

Ufogel

RealClearMarkets: Sorry, Monetary Policy Is Not a Friend Of the Common Man (Fri 1/10/2014)
ZeroHedge: People Not In Labor Force Soar To Record 91.8 Million; Participation Rate
Plunges To 1978 Levels (Fri 1/10/2014)
The Verge: Most US Congress members are now millionaires  (Fri 1/10/2014)
Washington Times: YELP critics must be identified, court rules in online landscape altering decision (Wed 1/8/2014)
USA Today: Voluntary government checkpoints spark backlash (Tue 1/7/2014)

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CNBC: EU Set For More Cyprus-Style Bail-Ins For Troubled Banks

Despite EU finance ministers failing to reach a banking deal, Jeroen Dijsselbloem, President of the Eurogroup, explains why he still thought the meeting was a success.European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.

The agreement is expected to begin with a Cyprus-style “bail-in” process in which major depositors in failing banks are tapped first in an effort to support the lender. (emphasis mine)

CNBC: EU set for more Cyprus-style bail-ins for troubled banks (2013-12-11)

Related Article

ZeroHedge: Part 6 – How Likely Are Bail-Ins? Bank of England Says U.S. “Could Do Today” (2013-12-11)

Unrelated Article

ZeroHedge: Fidelity Now Allowing Bitcoins In IRAs (2013-12-11)

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