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Alan Blinder Fires First Shot Across QE3 Bow: Says We Need More Stimulus To Boost Employment
A little under a year ago Moody's Mark Zandi and Princeton economist and former Fed vice chairman Alan Blinder penned a paper titled "How we Ended the Great Recession" which did nothing but extoll the virtues of spending trillions in both fiscal and monetary stimuli and preventing U3 from hitting 16% (of course how one proves a counterfactual is irrelevant: just remember - if the Fed disclosed its top secret bailout plans the world would end. Same thing here - accept it - after all the guy is a professor at Princeton). In a nutshell Blinder is nothing but Paul Krugman on steroids: a man who believes that there is nothing worse in this world than establishing fiscal (and monetary) discipline now. Well, in an interview with Tom Keene earlier, Blinder fired the first shot across the QE3 bow, telling his Bloomberg host that the US needs "somewhat more" fiscal stimulus once again in order to boost employment (hold on: didn't we end the Great Recession, and certainly the normal one in the summer of 2009 according to the NBER?). How this would be accomplished in the current climate is not explained. Instead what Blinder says makes one wonder just who is on the tenure committee at Princeton - when asked how we bring the deficit in without austerity, the Princetonian responds: "Unfortunately I think it is very subtle for most political processes especially for the political process in the US. What we should be doing is somewhat more fiscal expansion but at the same time legislating into law fiscal consolidation for the future. Starting 2 years from now, 3 years from now, 18 months from now. But not now." Of course never now: why bite the bullet now when it can be kicked to some other administration in the indefinite future? Especially when tenure money and/or Wall Street bribes are at stake...
Basically, let's just incur as much debt as possible now, and eventually it will get better. And this is happening now almost 2 years after the recession supposedly ended. Naturally, there will be no fiscal expansion: not with the current political set up. Which leaves just one option - monetary stimulus. And since Blinder is very close to the Fed, we are confident that the two-way dialog between academia and Federal Reserve is already under way, making it clear that if no fiscal stimulus will be forthcoming, then QE3 certainly will have to take its place. Especially now that the Economy has once again taken a turn for the worse.
That said, we have to thank Mr. Blinder for providing the first direct evidence
that the prevailing throught among the Princetonian circle is one of
further stimulus. The only question is whether it will be fiscal or
monetary.
We believe that with this the opening salvo for more cash demands, which will be met with staunch opposition in D.C., thereby kicking the ball back to the Fed (which already is doing everything in its power to deflate all commodities as rapidly as possible - a trend which will sooner or alter engulf risk assets as well) the only alterantive is monetary. Aka more quantitative easing. And when that becomes apparent, and when Goldman's Jan Hatzius is firmly on board, the full court press for another round of easing can begin.
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The boldness..
The brazen behavior..
The sheer brilliance of the Bernanke Fed will be discussed for the next 50 years in economic textbooks.
After the greatest financial collaspe in world history,
Bernanke has deftly maneuvered the financial markets in the exact manner specified by Wall Street PigMen and major mainstream economists.
Print more money, and direct the "unintended consequences" to be funnelled directly into:
- Retail stocks
- Internet stocks
- Semiconductor stocks
If there is any sign of money attempting to flow into oil, gold, silver, commodities....
Then hedge fund speculators are instantaneously vaporized with a series of margin hikes, rule changes, cash settlements, or whatever is required to keep the punch bowl flowing into the likes of LULU, COH, AMZN, ROST, etc. and avoid at all costs money flowing into NEM, XOM, ADM, etc.
Basically, they have effectively designed a scheme to float Fed-sponsored and TBTF-supported stocks into Outer Space.
And never, ever worry about inflation because commodity speculators are weak-kneed and can be decapitated at will.
And bonds will always enjoy a backstop bid due to QE programs.
And big players who tried to buck the system like Bill Gross sitting on nearly $90 billion in cash are now going to be forced to buy stocks once the SPY clears to new highs.
And this week was a lesson for any and all speculators who were thinking about cornering or ramping up various commodity markets.
The pure genius of Bernanke's self-reinforcing feedback loop to channel all excess liquidity, green shoots, and savings glut into the retail and tech names will be discussed for decades.
Or cursed for decades...
Again, stock market is not the economy. With the HFT bots firing, you could have the market rising after an act of bioterrorism wipes out all living things.
The more they sequester into stocks, the deeper the economic hole will get. And prices in an import-dependant economy don't just come out of commodities trading. If they print, the price of everything we need will continue as it has been: UP!
That will force them to go to the next level: a fully centralized economy where they decide your salary and where you work.
The problem here is simple:
In the USA, the film was called "Road Warrior"; in the rest of the (sane) world it was called "Mad Max".
Thus, the symbolism was obvious - while the USA saw a cool film about a man 'doing war' on the interstate, the rest of us saw a film about the psychological breakdown of one man's psyche, through the loss of his family, best friend and society leading to insanity.
This lead to most normative societies thinking that peak oil, global insecurity, and wasting 25% of global energy on fat fucking retards was a dangerous thing. Sadly, the USA got their film mis-named, so claimed to "have never got the memo".
Grow up. And at this point - the only thing you can do is slaughter 33% of your populace [aka - the fatties] and then slaughter 33% more [aka the stupids - yes, we accept that the two might overlap] then 33% more [aka the trust fund parasitical scum who think self involvement means value].
Oh. Wait.
Yep. TBH, nuking 93% of the USA population is pretty popular right now. ZH readers are (roughly, not all included) about the lone 7% right now.
Use of Weapons
Fuck you & your drivel.
no pro-oppress the palestinians posts tonight?
i'm disappointed.
The problem here is simple:
In the USA, the film was called "Road Warrior"; in the rest of the (sane) world it was called "Mad Max".
Thus, the symbolism was obvious - while the USA saw a cool film about a man 'doing war' on the interstate, the rest of us saw a film about the psychological breakdown of one man's psyche, through the loss of his family, best friend and society leading to insanity.
This lead to most normative societies thinking that peak oil, global insecurity, and wasting 25% of global energy on fat fucking retards was a dangerous thing.
Sadly, the USA got their film mis-named, so claimed to "have never got the memo".
Grow up. And at this point - the only thing you can do is slaughter 33% of your populace [aka - the fatties] and then slaughter 33% more [aka the stupids - yes, we accept that the two might overlap] then 33% more [aka the trust fund parasitical scum who think self involvement means value].
Oh. Wait.
Yep. TBH, nuking 93% of the USA population is pretty popular right now. ZH readers are (roughly, not all included) about the lone 7% right now.
Nice. Worship at the alter of fascism.
Ditto.
Unfortunately, you may be right. Not the sheer brillance part, but because history books are written by the Elite we will never hear how Americans, Europeans and the Japanese lacked the courage and temerity to overthrow their bankster overlords. Like the herd they are, we all just stood there and took it.
One other option is available- remain a producer of real goods and services and transfer your wealth to real assets. Use FRN's to pay bills and taxes. Always, always, always conduct yourself in a way that frustrates and clogs the machinery. Be a force for entropy. Always hurry on the destruction of the Central Banking system.
Excellent!
I quoted your second paragraph downthread as an answer to Plata con Carne.
Cruising the posts?
Hiya top.
Hey I see something good, I pass it along.
I don't have much on the menu to do tonight, so I am taking another pass through the thread...
:)
Why would there be 5 junks on this post? totally accurate, although i'd add blatant control and udder manipulation
There is a flaw in the plan.
It is very short sighted.
You see "let them eat cake" only works until is doesn't.
Eventually the bottom 80% will realize that they are being bent over for Bernanke's "self reinforcing feed back loop". Confidence in any system is built one step at a time. Losing confidence in the system takes but a moment.
In 50 years i expect they will be writing about a revolution. Not about Bernanke's Fed.
Because of his actions Dear Robo...we are all out of decades.
Econ calendar looks light through Asia. See you all in Europe.
They will print more money, it has been proven dozens of time in history.
Isn't this the lying piece of shit that said iceland was in great shape.
If he had one ounce of humility and integrity he would resign and contemplate the pain and suffering he has caused
It's all shit... but you are thinking about Mishkin... a whole other toilet bowl... who was paid 6-figures and neglected to say that he was paid for his "ehhhmmm work".
Does anybody remember the names of the crooks we have to prosecute?
Nah, didn't think so......
By their works shall ye know them...Just say something disparaging about J.M. Keynes or the Fed, then shoot whoever leaps to their defense! :>D
Lloyd Blankfein
Tim Geithner
Ben Bernanke
Bernard Madoff (wait...we got that one)
The Congresspeople who spent all our money and passed all those deficit spending budgets
Wall Street bankers who packaged and sold subprime loans
Probably the entire membership of the Federal Open Market Committee and the banks that own the Federal Reserve Bank
That would be a start.
gold
+ $55,000
They can raise margin to 100% and it wont make any difference , we are heading to a gold standard which will price the Dow in Gold much much lower. Currently dow in gold is around 8.5. Try 3 for size , and im being generous to stock monkeys. The system is so fubar we may need to take it all the way to the fabled 1:1.
Buy now or be priced out forever!!
Ahhh...
Thanks again!
apparently employment is the key activity. the missing
link so to speak. as long as they don't find any of
it they can continue to steal all the federal reserve
notes and hand them out at holiday parties. of course
there will be no employment as long as they keep stealing
the notes and fighting the creative destruction of the
system. ( too much inflation ). so their strategy is nearly
perfect. their actions lead to a condition that justifies
their position, and enhances it, and necessitates further
stimulus according to their "reasoning"/ argument. this
will be useful in the future when they are charged with
fraud, larceny, and fucking stealing. they can claim it
was all just bad planning or flawed philosophy. incomplete
information or something less damning than fucking stealing
or the best way to loot the treasury is to be the treasurer!
it is that simple.
.
Max Keiser Jovanovic Mai 2011
Posted on May 13, 2011 by maxkeiser
http://maxkeiser.com/2011/05/13/max-keiser-jovanovic-mai-2011-1/
.
rico baby
I would say production is the key activity, focusing on employment too much can lead to the kind of jobs where people are charged fees whos purpose is none other than paying for those who collect the fee.
This is and has always been a clown. He shows he knows no more about economics than a high school student. He is corrupted and his conjecture, and that is all it is, has been proven wrong time and time again. That anyone really take him seriously is laughable. The only reason must be that they are economically challenged themselves. It is about time for people to stand up and call this the stupidity it is.
And after the Binders and Bernankes ruin the dollar They'll insist on a gold backed currency. That's when they trade in their gold. They've done it before and you can't imagine the profit the tribal members make. Thousands of percent.
He's replicating the Japan action plan: QE (and fiscal stimulus) as a response to every downturn, ad infinitum.
Unfortunately I think because of both the political climate and further failure of QE, it's now inevitable that the US will continue on the course to a fully centralized economy. Soon they'll be banning commodities trading all together without acceptance of delivery. Then a short sale ban. Then will come wage and price controls, tariffs and capital controls. And finally will come confiscation and nationalization. That is, of course, unless they just allow creative destruction to have its way and rest the economy.
Sounds like Venezuela.
Or China. I've said it here for months: ironically, as China has evolved toward more capitalism, the US has drifted toward a more state run economy
Mean reversion?
Victory lap, bitchez?
Haha.
I'm sure it's a naiive question, but isn't there anything we can do about this?
Not anymore unless you want to be sent to Gitmo
Save yourself and your family.
@ Plata con Carne,
Here's part of what Sean7k (#1270458) had to say, beautifully written, beautiful logic:
"One other option is available- remain a producer of real goods and services and transfer your wealth to real assets. Use FRN's to pay bills and taxes. Always, always, always conduct yourself in a way that frustrates and clogs the machinery. Be a force for entropy. Always hurry on the destruction of the Central Banking system."
Plata I don't know what we can do but the Chinese are trying something new!
Bomb attack at bank in N.W. China causes many casualties: XinhuaBEIJING, May 13, Kyodo
A few more trillion to create jobs at WMT and MCD. Wow, who would have taught Ivy league Ecucation teaches and graduates students like this. No wonder USA is fucked up. Hang all of the SOb's and their family.
The purpose of the FED is to save the owners of the FED and the franchisee and distribution network (Wall Street) that they also own.
How will this be remembered? They are in anything goes land so screw history for now..., if successful and once they decide how they want to be remembered, they will fix it in post...
...Another Goddamn effing economic moron!
"US needs "somewhat more" fiscal stimulus once again in order to boost employment" NO A$$HOLE, what the US needs now is to declare itself what it is: Insolvent. That is what you are when you take in 40% less than you spend and you CAN'T borrow so you print/counterfeit to avoid default. 40% is Wiemar, Zimbabwe, Argentina moron! Effing grow a brain and advocate we revalue the currency, wipe away the debt back it loosely and temporarily to gold and move on. And I thought Bernanke was an absolute moron. Princeton grows morons like weeds, without a doubt a clueless POS moron!revalue the currency? screw that, bond holders need to take a hit, and interest rates need to go up, stop spending and borrowing
Not surprising that Binder should advocate more stimulus.
If you can’t dazzle them with brilliance, baffle them with bull $h1t.
And if you can't even baffle them with bullshit .... why Mr. Bernanke, why is your chin quivering?
Of course they're presuming that money "trickles down" from QE to the general economy. That's where the whole theory falls on its face.
I actually doubt they really presume that. It certainly is what they (have to) say, but the whole point of QE is to reallocate wealth, which would be pointless if it was re-reallocated back to regular folks again...unless it is reallocated with interest.
Thursday May 12 9:00am
Public Affairs
http://archive.wbai.org/
.
richard wolf
"capitalism hits the fan"
where we are in the world
Fuck this guy's fucking face. He is a god damn communist. Every solution. TAX TAX TAX so we can spend more. FUCK HIM. I'm tired of all these fucking Keynsian god damn pinko fucking marxist bastards stealing from us. FUCK THEM! Let them generate their own revenue like the rest of us instead of stealing it from us by force.
+1 Ponzi on!
You go girl! Or guy! That rocks.
How can such intelligent people be so utterly brainless?
they are criminal, not brainless, stealing
almost "legally". criminal genius appears
brainless to the honest and trusting.
?
Blinder -- appropriately named!
Ben cant do it until politicians are begging for it and all inflationary expectations are wrung out of the market.
Next subject.....this breathless waiting.for the start of qe3 is a waste of time.
Go Alan Idiot Binder! Make my commodity, PM, and foreign market investments golden! They will NOT stop until a real crisis makes them stop! LOL
the rich need the poor to take out loans (creating
money) that they create from nothing, and take a cut,
and then when inevitable default occurs the banks are bailed out
for the bad loans / securities and the poor go to the
street. it is a fiscal and monetary system designed
to fail in a beneficient way for some, that would be the
insiders and the designers of the system. call it what
ever you like, it just sucks. there are much better
alternatives and we will be there soon. let's not forget
where we came from.
.
end the fed.
.
the basic idea is to burden the borrower with
terminal debt made from nothing but trust and then
forclosing on their assets / property. resources /
lives / time / ideas / value. something for nothing.
a scam
FED delenda est.
-- ZH-er mick_richfield
?
"The Fed must be destroyed" in Latin.
ZH-er "mick_richfield" coined this based on Scipio (IIRC) of ancient Rome:
Cartago delenda est.
Carthage must be destroyed. Carthage at that time was Rome's most dangerous rival.
i was on my head yesterday and thinking
the sky looks more like the earth than
the earth itself, what with the inside and
outside projected as they are. still, i can
see we are at another level of interpretation here.
.
The Condensation of Tacit Knowledge
http://verbewarp.blogspot.com/2011/04/condensation-of-tacit-knowledge.html
.
who is rome? the person, people or
the state of them? and what happened
to m. richfield?
Mick Richfield was a wealthy retiree who, while sailing alone for relaxation, encountered a "millennial" storm that cast him far off course. Struggling against destruction, he discovered, by his own exertions and the grace of God, the lost island of Atlantis. Even the ruins of that great civilization were so beautiful that he could never bring himself to return to the world of men today.
from the sound of it it makes one, inspires
one, to sail in bad weather. cheers to mick !
.
silver, rock me baby
http://www.youtube.com/watch?v=pzhJBWIZxjw
There cant be a qe3 right away.
Just think it thru. Mo-rons.
i think i am having deja vu.
like, for reals.
Stimulus forever, as a bankrupt military hyerpower must have stimulus and debased currency to "get it up".
The guy is a douche. When the fuck has a tax ever "unleashed a burst of innovation"? He needs to go read some Thomas Sowell
http://guerillatics.com
As a cloistered bureaucRAT and ivy tower naval gazer, he sees the ingenuity of IRS thugs in looting the peasantry as a burst of innovation.
Eventually the hot money sloshing into and out of the food and energy complex will lead to very real shortages.
Fortunately, these are non-core items that aren't necessary for a viable ebubblemy.
I'm just really sick of these people. When I was growing up banking was not the dominate subject in the country . & in the 1980's I was earning $15/hour .......... now, I can't find any shit job unless it's a crap $8.50/hr. job @ TARGET . The kids don't have any future, jobs don't even pay enough to operate your auto going to&from a job !
Qu'ils mangent de la brioche !
Ave Alannus, morituri te salutant.
Ave Bennus, morituri te salutant.
Ave al-Obama, morituri te salutant.
Someday the gladiators will stop saluting the monsters who watch them die for sport, and will climb the fences that hem them in.
We are Spartacus.
Oh Oh! I thought this was not going to happen. Is this good or bad?
http://www.premier-jerseys.com/
the anticipation is killing me...
lets just get it over and have a public execution of the dollar.
Ive stacked all the silver and canned beans that I can, enough with the theatrics lets end this now.
Japan’s Most Important Banker Sees Only Bubbles
http://www.bloomberg.com/news/2011-05-12/japan-s-most-important-banker-s...
Metaphor ALERT!
I know, I know - I have nothing better to do, or say!
I love mixed or incomplete metaphors...and another mixed up language issue comes to mind....
By the way...."butt naked".....much better than the original....better visual.
They have built up the Military and the Police base don terrorism a big lie they sold to ensure the masses will be shot if they uprise. American history is just a history and nothing more. The folks in Thailand , Europe and MiddleEast have nmore balls than Americans and it shows.
Hello Alan Blinder,
I was lucky to dodge the Bear Stearns/Lehman Brother debacle. At that point in my life, decided never trust any dip shit to advise me on how to invest my hard earned money.
Many of us already know the agenda, don't kid yourself as being a mastermind who diverted an upcoming financial disaster. You're a dime a dozen on TeeVee.
Mr Blinder.. what happens when your investors decide to close their account? That's right, they want to cash out and receive a check in the sum of what you told the holder they held in assets?
Perhaps you should visit Mr. Madoff, he will explain how quickly your reserves will deplete.
On your statement regarding the importance of QE3, frankly your system is bankrupt. Printing more money to cover the folks exiting the ponzi will have sever blow back for you & future taxpayer obligations.
Mr. Blinder, isn't this illegal monetary concept the very reason why we arrested Bernie Madoff?
Please share your thoughts amongst the Zerohedge viewers.
Does reply work? JR well spoken as usual.
So QE1 didn't help boost employment and neither did QE2 ... but ... we absolutely need QE3 to boost employment? Are people really this stupid that they swallow this shit?
Yo Tyler! What's up with all these fucking adds. You selling out?
It's called adsense.
And if you hit the tip jar every once in a while, your comment might have merit.
30 years of trickle down economics. 30 years of self dealing tenured ivy league blowhards. 30 years of crap economic policies. 30 years and a debt/gdp ratio closing in on 100%. 30 years, and the dollar losing 70% of its value.
For the life of me i can't figure out why after 30 years, these people who have so utterly enriched themselves at the expense of the long term viability and credibility of the United States, are still the "go to" guys.
The so called experts, wow, is what i say. So called failures. WTF. Enough already , start the hanging and don;t need any more courts to try these a holes.
I have a suggestion for Mr. Blinder as to the form of QE3. Have the Fed guarantee the price of every home in the US for the price the owner paid for it or the value of the house in 2007, whichever is higher. If the owner sells the house for less than one of these figures the Fed would send him a check for the difference. I would call this plan the Home Value guarantee Program of HVGP, sort of an FDIC for homes. Oh, and make retroactive for ALL the home that were foreclosed upon or otherwise sold from 2008 to the present. This would be a huge boost to the Real Estate industry, boost home sales , stop all foreclosures , and put a LOT of money into the economy. What is not to like about this plan? I bet if this plan was proposed to a meeting of the National Association of Realtors , they would have a collective orgasm.
These people need to be remove from society for the good of mankind. But, we have seen from an inside job how corrupt they are.
if something doesn't work do more. it look like faber was right, the only thing these people know how do do is print. See to stop inow would mean they would have to admit their stuff doesn't work. can't do that now can we.
Funny how you guys make fun of Blinder's jaw-snapping, wincing, and twitching.
Looks exactly like the spasms on the faces of all the coin clutchers when they saw their fortunes evaporate at the tune of 35% in just a few trading days.
While the consumer and retail stocks that were supposed to crash were going vertical.
In fact, most of these guys are still sitting at the computer, F12-punching the Kitco screen waiting for even the slightest bump up in price.
No-one said your shit was going to crash. We all know about QE.
Funny how you keep assuming everyone is shorting your shit--we aren't.
Also, how's the search for Eagles and Maples coming? Able to find any below spot?
Like, ten dollars below spot?
Or did you just decide not to report your income this year? If so, say high to Bubba for me. Hope you enjoy playing fun games like "drug mule" and "toss the salads".
Just advice Robot, don't get caught in an insider trading investigation. You post on multiple sites. Be smart and get out. Some cigar smoking assholes are in for a surprise.
yeah because QE1 and QE2 created so many jobs!
exactly the opposite and that is part
of the plan.
hear this.
stovepipe
http://www.youtube.com/watch?v=0KK9loxy2oY&NR=1
.
The American Dream
Waking People Up And Getting Them To Realize That The American Dream Is Quickly Becoming The American Nightmare
http://endoftheamericandream.com/archives/america-is-rapidly-bleeding-we...
Did Blinder actually say, between facial ticks, that in some circles Keynesian was used in a perjorative way ? Monedas 2011 Woodrow Wilson Comedy Jihad World Tour
the secret plan to abandon ship or in this case , country, if things go bad, in israel.........“The Day of the Order” (Yom Pkuda)
http://www.roytov.com/articles/napoleon.htm
so the rich and the elites will try to jump on US. ships and get the hell out of dodge and leave the sheep or useful idiots to deal with the problems......hmmm, sounds about right...........
i would be willing to bet there is a plan such as this, here, for similar reasons........
"Road Warrior" aka "Mad Max 2: The Road Warrior" was the sequel to "Mad Max", which was never alternatively titled.
the "aczdemic" banking lobby is already out in force
1) has blinder sxposed to whom he has consulting relationships wit or other sounces of income
2) this fall some where with the iceland paper that other fed guy did
The "FED"...
What a sick disease the "FED" is.
Like a cancer eating away at the host.
Taking what is not theres to take,and giving nothing in return except a dead corpse.
They ,the "FED" are not even "FEDERAL",only in name.
They are private ,for profit,corporation,that is an agent of the Rothschilds.
They STEAL ,the citizen hard earned money ,through inflation,and through suppression precious metals,aka,REAL MONEY.
They use Politics to sidetrack the sheeple,and keep them occupied with trival matters while the sheeple get fleeced, with the BLESSING,of the Goverment that the citizens pay through taxation to represent them.
What a fucking JOKE.
They politicians represent the Bankers,as ALL politicians need the "hard cold cash" that they gave the right to a private company to issue the country's money.
Fuck Off and DIE,blinder......your name deserves no capital......douchebag.
Alan 'the last duty of a central banker is to tell the truth' Blinder?
Maybe he's lying about QE? Maybe, like the midget in Princess Bride, he knows we know he thinks its ok to lie. Maybe, like the hero in Princess Bride, we should inoculate ourselves against Central Banker fiat poison, and buy silver.
In case you are reading this blog FED HEADS....FUCK OFF Delusional Douchebags....and Die.
Bought and Paid For.
It's because of fucking pussy ass wimps,oops,I mean cowards like RobotTrader that the FED continues to exist.
Ever get a lttle dirt under your nails RotTrader...???
Mark Zandi that butnut said wayyyy back in 2007 that the only thing that will effect the bullet proof US economy would be an external shock. What a fool, still playing that Keynesian nutso determinism bullshit.
The definition of insanity: Repeating the same action, over and over, expecting different results...
Oh really? I thought we all agreed on the lemonade stand fundraiser, but I guess we can just print it, that works for me.
Blinder doesn't have to deliver sound economic theory, just plausibly deniable pap. He is the monopolist enemy, apparatchik of the cartel, the organized crime faction that owns the Fed and the major banks, dictates Treasury policy, spins the regulators' revolving door, controls mass communications, and long ago purchased the legislature and most of the judiciary. We live in a fake republic under neo-feudal oligarchy. The cartel has succeeded in achieving near-total capture of what was once at least a freer market system. The logic of their relentless drive to control and exploit has in it the seeds of their undoing, for at the moment of total victory the richly paneled doors just might give way with a terrible groan...
What is the sound of a loaded tumbrel rolling over cobblestones?
Dude, you hit the nail on the head with better words than I ever could, bravo!!!
I have to google tumbrel, then I will provide my rant.
http://www.merriam-webster.com/styles/default/images/reference/hardrule-...); background-attachment: initial; background-origin: initial; background-clip: initial; background-color: initial; color: #7b7b7b; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; font-style: normal; font-weight: bold; margin-top: 20px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; background-position: 0% 50%; background-repeat: repeat no-repeat; padding: 0px;">Definition of TUMBREL 1 : a farm tipcart 2 : a vehicle carrying condemned persons (as political prisoners during the French Revolution) to a place of execution
Fatal Conceit, he is utterly insane.
I am a taxpayer and tired of these idiots who just never get it. Being from Michigan, half need to be pissed test on section eight housing and jailed, some are good people in hard times. Example, Construction work "good pay" and 8 of 10 failed drug testing I know off. Industrial, we escorted two contractors off site, intoxicated a few days ago. Reality will never enter there educated minds top to bottum and the taxpayer is being exterminated. It is not how we end but when. They all have rights except me and family's who work!
So Alan agrees the economy is in the tank. Well, at least he disagrees with the Bernank and CNBC on that.
But I don't think much of his proposed solution of printing and throwing vast amounts of money at the problem.
Can't he think of anything better and more creative than that? Like doing something pro-business that will create jobs?
If that moron would just make a simple phone call to me, I could explain this to him.
If I print paper and charge % on it, but dosen't print enough to cover the % so that the borrower can't pay me back whit those, then obvioulsly he will have to pay me back whit something else. If we take the game at the larger scale, banks wil always get the real asset for their false money, because at then end someone will always default. The game is set this way, no escape. Perfectly planned to own the world, matter of time.
This is not economy, this called domination.
Money means nothing when you can print, powers matter.
The more the world debt grow (you owe me paper for real asset), the faster this going to happen.
The real trouble is that we play their game...
Giving our real asset for their fasle paper game.
End The Fed!
End The Wars!
End The Lies!
Ron Paul 2012
I wish we had home grown terrorists that went after these people. Instead we are stcuk with al queda, don't go after times square you fucks, or airlines, go after the people we want to get rid of and we will support your cause.
I assume I am on a watch list for saying something like this, but there is something really wrong in america, and as time goes on the more convinced I am that in the end there will be violence. these people are unable to change or reform themselves. the fact that they clearly work for the top 1% who controls all policy for them. It is disgusting. don't go after abortion clinics, this is where the action is. Where are the right and left wing nut jobs when you need them, and why can't they focus on what matters instead of what doesn't.
Wind them up and point them in the right direction, they`ll just hit the wall. Seen it done already. The people you are trying to fight know how to play that game already.
the way these guys think, if something doesn't work, then more of something must be better.
It has been fucking micturated upon. And that rug really brought the room together.
Sorry, that reply didn't go where it was supposed to go. But I stand by my comment about the rug.
yeah someone pissed all over it too.
Hah !
And not surprisingly do we find out that Alan Blinder is ....
wait for it ...
well, how can I put it without angering some readers here.
Hmmmmm.
A non-Christian, non-Muslim and non-Atheist.
Ctrl+F on this webpage:
http://www.jewishachievement.com/domains/econ.html
So we have:
1. Robert Zoellick
2. Lawrence Summers
3. Alan Greenspan
4. Paul Krugman
5. Paul Volcker
6. Robert Rubin
7. Alan Blinder
8. Lloyd Blankfein
9. Gary Cohn
10. Leo Melamed(ovich)
11. Ben S. Bernanke
12. Paul Wolfowitz
13. Henry Kissinger
14. Dominique Strauss-Kahn
...
I'm sure the deeper I dig, the more I get the full picture.
Oh well and before I forget it:
The FOUNDER of the Federal Reserve System, with whom this whole scam began is:
Paul Moritz Warburg
a German-American-Jewish banker from the Hamburg, Germany based century old Jewish banking dynasty M.M. Warburg & Co.
http://de.wikipedia.org/wiki/Familie_Warburg
http://en.wikipedia.org/wiki/Paul_Warburg
But this is all a mere coincidence.
There's absolutely no pattern here.
One must be a MENTAL fringe element and of course an anti-semite to believe that there's a pattern here, right ?
Or maybe it's just the simple truth.
The adherents of global growth fascism, American hegemonial thinking and relentless money printing are predominantly Jewish.
Hmmmmmmm.
By the way:
Did any American have a problem with Henry Kissinger,
THE NATIONAL SECURITY ADVISER
and
SECRETARY OF STATE
not being born in the U.S. ?
No ?
But when it's about Obama, whose birth on Hawaii has been proven then of course it's an serious problem and a threat to national security, right ?
Oh, come on.
total, absolute fucking coincidence.
here comes the anti-semite spam!
"I just don't understand the process of how govt spending rising kills jobs..."
Inflation and then margin compression... Is it really that hard to see?
David Blanchflower is an arse. I can't speak for the U.S. but for Britain the only reason there is no wage inflation is because of constant, unrelenting importation of cheap foreign labour.
By this logic, Robert Mugabe would make a great Federal Reserve Chairman.
CENTRAL PLANNING BULLSHIT
My ink pad is running dry, having to stamp everything with that.
Here's another one I'm stuck with:
SHEEP OR OVISPHILE
When can I expect to live free from ruminant tards wallowing and eating their own feces?
Time for everyone on this board to go pick a fight with a random zombie...
The operation was a success and cured the disease (admittely almost killing the patient in the process), but now we need another operation to cure the disease.
Change physician before this one kills you!
"I'm going to get you drunk, get you drunk on my QE humps, on my QE humps" - Ben B.
What we really need is more cowbells!