For Greece All Bets Are (Literally) Off: Bookie Closes Grexit Market
Submitted by Tyler Durden on 04/16/2015 09:22 -0400
Creditors Eurozone Greece
You know it's over when the bookies are closing their markets.
From bookmaker William Hill...
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No More Bets On Grexit
Bookmakers William Hill have closed their markets on whether Greece will leave the Eurozone during 2015 and on which country would be first to leave the Eurozone.
'Greece had been heavily backed down ro 1/5 to be the first to quit the Eurozone, and we'd also been shortening the odds for Greece to leave during 2015. They'd come down from 5/1 to 3/1.' said William Hill spokesman Graham Sharpe, 'It is now looking increasingly likely that they could begin the process of departing very shortly'
'No one is interested in backing Greece to stay in the Eurozone until the end of the year, so we decided to pull the plug on the markets until either the decision to leave is taken, or the crisis point passes and a plan is put in place enabling the country to remain in' added Sharpe.
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As a reminder, Thursday morning, reports indicated that Athens has appealed to the IMF for a reshuffling of its debt repayment schedule so that the government can pay pensions and public sector wages while attempting to negotiate a deal with creditors — Tsipras was rebuffed.
Which reminded us...
these corrupt FIXERS need to be stopped. Oh sure life eventually gets there but damn they've run their Corruption long enough. FIX it all for themselves. #$%$ me off. You would think the Youth would fight back. I guess not.
Another Oligarch Preaches To The Peasants: Charlie Munger Says "Prepare For Harder World"
Submitted by Tyler Durden on 03/26/2015 22:30 -0400
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
While several exceptionally wealthy and successful people have admirably come out and spoken passionately of the broken nature of financial markets and the political system, as well as the threat this poses to society in general (think Paul Tudor Jones and Nick Hanauer), there have been several examples of oligarchs coming out and conversely demonstrating their complete disconnect from reality, as well as a disdain for the masses within a framework of incredible arrogance.
I’ve commented on such figures in the past, with the two most popular posts on the subject being:
A Billionaire Lectures Serfs in Davos – Claims “America’s Lifestyle Expectations are Far Too High”
An Open Letter to Sam Zell: Why Your Statements are Delusional and Dangerous
The latest example comes from Charlie Munger, Warren Buffett’s right hand man, who tends to demonstrate an incredible capacity for verbal diarrhea. Recall his commentary on gold: “gold is a great thing to sew onto your garments if you’re a Jewish family in Vienna in 1939.”
Moving along, Mr. Munger provided some typically insensitive commentary at an event yesterday in Los Angeles. Bloomberg reports that:
(Bloomberg) — Charles Munger, who became a billionaire while helping Warren Buffett build Berkshire Hathaway Inc., predicted it’s going to get tougher for consumers to ma
Oh this should help the World situation out.
With allies migrating en masse to China's new infrastructure bank (and even the US having to admit it will 'cooperate'), it appears America has fallen back on what has worked for it in the past to ensure the world's largest creditor remains the world's reserve currency ad inifinitum - rattle its nuclear missile sabre... As the following clip shows, The US Air Force just test-fired a Minuteman III intercontinental ballistic missile from California, providing a "visual to the world."
ZIRP will have to rule the roost otherwise the FED goes BK... which wouldn't be a bad thing for the USA.
Economy is a piece of dung.
for a small fee of course .... lol
What time is it? Take a guess? LOL
Asteroids Watch App, like the screen on an arcade game.
You could show your bank account balance on the screen.
You could show a picture of your Ferrari/Dog/Weedstash....
No but you can get your hand cut off probably for wearing the gaudy 18K gold model in foreign countries and potentially here.
iphone fanny packs necessary it appears.
You still have to lug that around.
Why didn't they sell a 59.00 wireless band that you wear instead of having an entire spendy device. ???
They're gonna get the whole cheerleader thing rolling soon. Watch.