SWISSIE CAPITULATION!

logopodcastOff the microphone of RE

Follow us on Twitter @doomstead666
Friend us on Facebook

Aired on the Doomstead Diner on January 18, 2015

titanic-sinking

Discuss this article at the Podcast Table inside the Diner

Snippet:

http://cdn.news12.com/polopoly_fs/1.5585827.1372415753!/httpImage/image.PNG_gen/derivatives/display_600/image.PNG…The folks worst hit here in the short term are the Forex traders who were short on Swissies, figuring they would stay pegged to the Euro as promised by the SNB. At least two of the currency trading firms blew up immediately after this, FXCM and Excel with losses in the $100s Millions, and somebody out there took that hit, although we don’t know precisely who that is yet. Client accounts are supposedly segregated out here, but anything caught up in the trading when this went down is now GONE. Precisely how much anyone with an account with these two firms will be able to get back out and when is an open question. No doubt quite a few folks will get Corzined on this one.

Meanwhile, over in Greece in a not entirely unrelated event, now all 4 of TBTF Greek Banks had to go to the Greek Central Bank for “Emergency Liquidity Assistance”, basically because there is an ongoing RUN of the Greek Banks and everyone with any CFS is trying to get their money OUT of them before they go Tits Up and convert everybody’s savings to New Drachmas, destined to be about IMMEDIATELY worth less than a roll of Charmin.

These banks, which Zero Hedge has reported as “systemic” have basically run OUT of collateral that even the ECB which accepts almost any stinking dogshit will accept for them to hand over a few more Euros. At first it was just 2 banks referred to as systemically important, without revealing which onesd they were. The obvious reason here that the identity of these banks is not being revealed is that would of course ACCELERATE and already ongoing diarreah attack they are undergoing and they would squirt out still more liquified Brown-25. This ploy however did not work, so now the run is on all of them. LOL…

For the rest, LISTEN TO THE RANT!!!

Prior related Rants you might enjoy!

Follow & Download the Diner Rants and Podcasts on the Doomstead Diner Soundcloud Channel!

Diner New Year Fundraising KICKOFF!

http://www.lernersportsmarketing.com/images/celebs/stenerud-jan.jpg

Jan Stenerud, GREATEST Placekicker of ALL TIME!

IF YOU ENJOY THE RANTS AND WOULD LIKE TO KEEP HEARING ME GO BALLISTIC ON THE INSANITY THAT MASQUERADES AS WORLD POLITICS AND ECONOMICS, TODAY WOULD BE A GOOD DAY TO MAKE A DONATION TO THE DOOMSTEAD DINER AND SUN PROJECT!  HELP KEEP US SOLVENT AND BUILD A BETTER TOMORROW WITH YOUR EXCESS FRNS, SOON TO BE FUCKING WORTHLESS ANYHOW!  SINGLE DONATIONS ONLY!  WE HAVEN’T GOT THE RECURRING DONATIONS SYSTEM WORKING RIGHT YET!

9 Responses to SWISSIE CAPITULATION!

  • Mister Roboto says:

    It sure will be interesting to see what happens when Syriza wins the election next week in Greece. Go, Big Red! :mrgreen:

    https://www.youtube.com/watch?v=ONKNwtlaF44

  • Tim E. says:

    INDEED – Mr. Roboto!

    I lived in Greece in 1989 – it was a Third World overpopulated Tourist dependent Country then. The Greeks had stripped much of the land of trees, and the Seas were largely devoid of life. Athens dumped it’s raw sewage into the Agean Sea. Electricity was available on and off.

    Pine Resin wine (Retsina) and Ouzo? UGH! You can keep that stuff to yourself! I much prefer the home made wines of Italy. (I lived in Monte Forte for a time)

    Tax Cheats galore!

    Somewhere on a hill overlooking The Port of Piraeus lies the wreck of my 1981 Datsun 280 Z.

    GO BIG RED! LOL. Those who don’t know that you are from Socialist Hell Milwaukee might not understand the Irony.

    I’m right down the Road from you – I-94 Exit 333 straight to Hwy 20 and 666. Racine, WI – proof that He – Double Toothpicks is set on Earth.

    Alice Cooper! 😛

    Wayne’s World (8/10) Movie CLIP – Alice’s History Lesson

  • Tim E. says:

    And of course, our Host and Good Friend, RE worked for Schneider – which is located on I-94 BETWEEN Milwaukee and 666 Racine.

    Just South of that is Kenosha – where the infamous Gremlins and Pacers were made!

    Wayne’s World – and interestingly enough, I have a Blogger friend named Wayne who lives in the ghetto of Racine on Jones Street. No place for Old White Men to be. 😯

    Bohemian Rhapsody

    Wayne’s World – from the former Root River Siren! :mrgreen:

  • RE says:

    Actually, the Schneider National HQ and Training Center is in Green Bay. The Racine facility is one of the main Terminals though.

    While I drove for Schneider, I was dispatched out of the terminal in West Memphis, AR. I did spend many nights in Racine though. 😀

    RE

  • Tim E. says:

    Those Crazy Russians! 😆

    Russians mock the gas-dependence of Europe and Ukraine

    One of my few experiences in Green Bay was installing a phone at a local packing (slaughter) house. I noticed that most of the Employees were Brown – as from Mexico. The Cows, which were standing in a line – seemed to realize that something was wrong – a pneumatic stainless steel spike was about to penetrate their skulls – from whence they would be hung up by their back legs on a conveyor belt by metal chains and be sliced and diced – with a chain pulling the entire hide off in a smooth move – with a river of blood and guts in a concrete canal below.

    I have never been to Arkansas – but would like to go. At one point – in 2008, I applied to work at many of the fish farms there – but never received employment – I later learned that these fish farms had to advertise these jobs to prove that Americans weren’t willing to take them so they could hire illegal aliens from South of the Border.

    RE Sez: I did spend many nights in Racine though.

    Hopefully you are paying your child support! 😆 😆 Racine is the home of the Single Mother who can’t name her baby’s Daddy name! I knew one unwed Mother who had 6 children by 6 different men.

    Stay warm RE – 😀 With the collapse in oil prices – the lights may just go out in Alaska.

  • RE says:

    No children I know of, in Racine or anywhere else I parked on the road. I’m taking my genetic code with me to the Great Beyond. :mrgreen:

    Far as lights in Alaska go, I think we will be one of the last to lose them, since most of the electricity is produced from NG, and there are copious local supplies.

    As to warmth, these days it’s warmer here than in Racine! I’m about to go out on the porch to BBQ a Ribeye from a Mexican born and FSoA raised Elsie. Don’t even need a jacket on today.

    RE

  • Tim E. says:

    Re Sez: copious local supplies of NG

    As in, Brown 25, from uRANUS! Supplies of NG will be unlimited as your IG Tract turns Bovine muscle to Energy + NG. 😯 😯

    Enjoy the Ribeye! 😀

    *WOW* Alaska is at 30 degrees today! We’re at 36 degrees. :mrgreen:

    I’ll have a shot of J.Bavet in your honor! Toast my friend! 😀 😀

  • Louise says:

    Gremlins and Pacers official cars of the anti destination league!!!!

    Great Rant Re…. keep em cumming.

  • Louise says:

    I hate spell check………..

Leave a Reply

Your email address will not be published. Required fields are marked *

Support the Diner
Search the Diner
Surveys & Podcasts

NEW SURVEY

Renewable Energy

VISIT AND FOLLOW US ON DINER SOUNDCLOUD

" As a daily reader of all of the doomsday blogs, e.g. the Diner, Nature Bats Last, Zerohedge, Scribbler, etc… I must say that I most look forward to your “off the microphone” rants. Your analysis, insights, and conclusions are always logical, well supported, and clearly articulated – a trifecta not frequently achieved."- Joe D
Archives
Global Diners

View Full Diner Stats

Global Population Stats

Enter a Country Name for full Population & Demographic Statistics

Lake Mead Watch

http://si.wsj.net/public/resources/images/NA-BX686_LakeMe_G_20130816175615.jpg

loading

Inside the Diner

https://www.reddit.com/r/globalcollapse/Climate ChangeOroville Dam to face its next big test as new storm moves in on northern California (stuff.co.nz)submitted 3 hours ago by ReverseEngineer77DoomsteadDiner....

Food situation not good in Sudan.REhttps://www.buzzfeed.com/rosebuchanan/the-first-famine-in-years-has-struck-south-sudan?utm_t...

Yesterday, we topped 200 Comments in a 24 hour period!  We have not hit that high water mark in quite some time!  We also hit 176 Comments a couple of days earlier.  Diner is picking up again! Good Numbers!  2017-02-18   7   176   1   51   12564201...

I may write an article on Humanure and how to turn your local suburban McMansion into a Food Paradise by collecting all the shit from your neighbors.  Complete with diagrams and graphics!  However, right now I am BACKED UP on arti...

Recent Facebook Posts

Crumbling Infrastructure

Fresh posts from the Diner blog:

5 hours ago

Made For Each Other - KUNSTLER

Kunstler: “What’s coming down is the fruit of the gross mismanagement of our society since it became clear in the 1970s that we couldn’t..

1 day ago

Fake News: The Russian Hacker Story

Fresh posts from the Diner blog:

1 day ago

Driverless Carz & The Pricetag of Civilization

A Diner double-header by one of our faves, Thomas Lewis. 1) Selling driverless cars by offering low- and no-interest loans, low- and no-down-payment..

1 day ago

The Blame Game

Fresh posts from the Diner blog:

2 days ago

Diner Twitter feed
Knarf’s Knewz

Quote from: knarf on December 05, 2016, 01:18:17 P [...]

Quote from: CthulhuWins on December 08, 2016, 06:4 [...]

Quote from: RE on December 08, 2016, 12:48:51 AMQu [...]

Quote from: CthulhuWins on December 07, 2016, 09:3 [...]

I'm back. RE said he could take out Nihilism. [...]

Diner Newz Feeds
  • Surly
  • Agelbert
  • Knarf
  • Golden Oxen
  • Frostbite Falls

Quote from: JRM on February 20, 2017, 05:54:51 PMT [...]

This is Surly's News Channel, not mine.  But [...]

Quote from: luciddreams on February 20, 2017, 03:1 [...]

Quote from: azozeo on February 20, 2017, 03:01:49 [...]

Quote from: luciddreams on February 20, 2017, 02:5 [...]

Is a Trump Coup On the Way?    [img width=50]http: [...]

January 31, 17Amid Ongoing Protests, Trump Fires A [...]

Russia in Biggest Arctic Military Push Since Sovie [...]

Quote from: knarf on December 05, 2016, 01:18:17 P [...]

Quote from: CthulhuWins on December 08, 2016, 06:4 [...]

Quote from: RE on December 08, 2016, 12:48:51 AMQu [...]

Quote from: CthulhuWins on December 07, 2016, 09:3 [...]

I'm back. RE said he could take out Nihilism. [...]

QuoteConsider the lilies of the field, how they gr [...]

Quote from: Golden Oxen on February 20, 2017, 03:2 [...]

Quote from: luciddreams on February 20, 2017, 03:0 [...]

Quote from: Eddie on February 20, 2017, 05:18:45 P [...]

Another substantial snow event ongoing here on the [...]

http://theeasiestpersontofool.blogspot.ca/2017/02/ [...]

Quote from: RE on February 14, 2017, 05:09:48 AMSi [...]

Since our original Trotsky/Reincarnation discussio [...]

Who would buy Playboy without the Centerfold?   [...]

Alternate Perspectives
  • Two Ice Floes
  • Jumping Jack Flash
  • From Filmers to Farmers

By Cognitive Dissonance   We all do it. And we have all seen it done by others. The only question is [...]

(I now have a Patreon presence and post exclusive content there for Patreon supporters only. Conside [...]

(I now have a Patreon presence and post exclusive content there for Patreon supporters only. Conside [...]

(I now have a Patreon presence and post exclusive content there for Patreon supporters only. Conside [...]

By David Cain Raptitude.com When a friend of mine inspected the damage from a fender-bender, what up [...]

Event Update For 2017-02-19http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

Event Update For 2017-02-18http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

Event Update For 2017-02-17http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

Event Update For 2017-02-16http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

Event Update For 2017-02-15http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

While trying to get to the bottom of the underlying reasons for geopolitical events has always been [...]

Feeling in a bit of a masochistic mood a couple of Saturdays ago I decided to take a stroll over to [...]

Vandalised with permission of Two Birds Film,which I suppose means it's not quite vandalised Th [...]

One must always remember not to play with their food – or their or anybody else's pee – lest th [...]

There's an art to that (photo courtesy of The Contrary Farmer) Yes, I've read the headline [...]

Daily Doom Photo

man-watching-tv

Sustainability
  • Peak Surfer
  • SUN
  • Transition Voice

Mount Pleasant"The problem is not our understanding of the science or the efficacy of our potential solutions [...]

The Orphaned Solution"By combining compost with biochar, or feeding biochar to those herds of migrating herbivores, [...]

Viral Conspiracies"Now that President Trump has brought fake news out into the open, is it safe to call bullshit [...]

Fake News: The Russian Hacker Story"If you can't maintain the dominant paradigm, at least you can subvert the emergent ones. [...]

Three Pillars"By pushing the system beyond the brink, the status quo protectors have now put it into free fa [...]

Off the keyboard of Bob Montgomery Follow us on Twitter @doomstead666 Friend us on Facebook Publishe [...]

Visit SUN on Facebook Here [...]

Click here to visit Sustaining Universal Needs’ YouTube Channel! [...]

There is no excerpt because this is a protected post. [...]

In the echo-sphere of political punditry consensus forms rapidly, gels, and then, in short order…cal [...]

Discussions with figures from Noam Chomsky and Peter Senge to Thich Nhat Hanh and the Dalai Lama off [...]

Lefty Greenies have some laudable ideas. Why is it then that they don't bother to really build [...]

Democracy and politics would be messy business even if all participants were saints. But America doe [...]

A new book argues that, in order to survive climate change and peak oil, the global money economy ne [...]

Top Commentariats
  • Our Finite World
  • Economic Undertow

Nobody really has predictive ability: events pop out of the woodwork. Steve, I have been following G [...]

More on 'Deep State' here ... http://www.nakedcapitalism.com/2017/02/term-deep-state-focus [...]

Nobody really has predictive ability: events pop out of the woodwork. What's worse is people do [...]

There ya go~! It's the people with 50 mile commutes -- each way -- that will howl. People w/ bo [...]

Looking at the Deep States flag ship media outlet CNN, shows me that they want us to be concerned ab [...]

RE Economics

Going Cashless

Off the keyboard of RE Follow us on Twitter @doomstead666...

Simplifying the Final Countdown

Off the keyboard of RE Follow us on Twitter @doomstead666...

Bond Market Collapse and the Banning of Cash

Off the microphone of RE Follow us on Twitter @doomstead666...

Do Central Bankers Recognize there is NO GROWTH?

Discuss this article @ the ECONOMICS TABLE inside the...

Singularity of the Dollar

Off the Keyboard of RE Follow us on Twitter @doomstead666...

Kurrency Kollapse: To Print or Not To Print?

Off the microphone of RE Follow us on Twitter @doomstead666...

SWISSIE CAPITULATION!

Off the microphone of RE Follow us on Twitter @doomstead666...

Of Heat Sinks & Debt Sinks: A Thermodynamic View of Money

Off the keyboard of RE Follow us on Twitter @doomstead666...

Merry Doomy Christmas

Off the keyboard of RE Follow us on Twitter @doomstead666...

Peak Customers: The Final Liquidation Sale

Off the keyboard of RE Follow us on Twitter @doomstead666...

Collapse Fiction
Useful Links
Technical Journals

Kenya’s water abstraction must meet the projected growth in municipal and irrigation demand by the e [...]

This study focuses on the land use change and climatic variability assessment around Kamala watershe [...]

The intensity of precipitation is expected to increase in response to climate change, but the region [...]

Precipitation is still one of the most complex climate variables to observe, to understand, and to h [...]

Follow on our http://www.doomsteaddiner.net/forum/