the transfer-union transferring debts

MISH'S

This could also be signed with...

"...your best chaps of Euroland,

The Ponzis!

You need to read the IrishTimes article twice to understand how those €85bn are put together...

Under the terms of the deal the State will contribute €17.5 billion of the required funding, €12.5 billion of which will come from the National Pension Reserve Fund and €5 billion from “other domestic cash resources”.

The European Financial Stability Mechanism will contribute €22.5 billion, the IMF €22.5 billion and the €22.5 billion from the European Financial Stability Fund.

So the "Irish National Pension Fund" and "other domestic source"are in fact making good money in supporting this package:

The European Union has approved an €85 billion rescue package for Ireland which, if drawn down in its entirety today, would attract an average interest rate of 5.83 per cent.

At least, no need to worry for Irish pensions!


Carpe diem!

the truth is in the jar

Whoever claims copyright on the below should tell me more:

ATTORNEY
Doctor, before you performed the autopsy, did you check for a pulse?
WITNESS
No.

ATTORNEY
Did you check for blood pressure?
WITNESS
No.

ATTORNEY
Did you check for breathing?
WITNESS
No.

ATTORNEY
So, then it is possible that the patient was alive when you began the autopsy?
WITNESS
No!

ATTORNEY
How can you be so sure, Doctor?
WITNESS
Because his brain was sitting on my desk in a jar!

ATTORNEY
I see, but could the patient have still been alive, nevertheless?
WITNESS
Yes, it is possible that he could have been alive and practising law!


Don't you laugh, the obvious is da.. serious!


Carpe diem!

euro's suicide, round II

With Irish and Greek yields soaring EURO's suicide is back on track:

source FT

Yields on Greek 10-year bonds spiked to 11.34 per cent on Friday, approaching the historic highs of last May when the country had to be bailed out by the European Union and International Monetary Fund to avert a sovereign default.

Not to forget Portugal; so much for the outcome of the rescue package; nevertheless the ECB now has €64bn in hands to buy more of the same junk. No reason to be criticising the FED and its $600bn package doing just the very same; they all hang on the drip called Ponzi™ with the US hating the EURO crisis as it gives them a huge problem in trying to devalue the greenback and inflate the market; times of easy Dollar adjustments like Ronald Reagan did it are long over with.

China buying into EUROland spending its Dollarpaper will retard the lingering illness and increase its influence on the losers while at the same time German's export bonanza goes on using the same Irish, Greek and Portuguese currency that is in its final throes.

Don't anybody worry: the G20 will sort it out; this week, here on this planet; stay tuned!

Carpe diem!