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....Normalcy bias at its finest.
Slewie's 2.26.11 Letter to Eric Holder
cc: We The People
To: Mr. Eric Holder, Esq. TopDog; Dept. of JusticeFrom: CSp5 (ret.) slewie the pi-rat, Chaplain of The Militia Of The People Of The United States Of America
Dear Sir or Madam:
when i googled you to find out why you goobermint doucebags are screwing everything ala pooch, i very much liked what is saw.
are you married?
and, i'm startin to like yer boss a bit more, too.
he certainly has the happiest family on the planet, and if he be free-rollin for the rest, screw it, I'm IN!
#2: "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."
The "State" = USA. REALly!
This is to report to you that, under the 2nd Amendment, AKA: THE FREAKING LAW, sir, We The People are in defensive mode, stack arms.
And, i have also been asked to remind you: you work for US.This militia is not here to serve the goobermint.Or, the 'States' unless, of course, prior arrangements have been made, in which case the arrangements will be honored.
That is, why we're here; because we are needed in this capacity and the law demands that we muster and step forward.
you figure out what part of "we" applies to you, sir. and we shall do the same.
hava day, friend.
Amen, and pass the ammunition.
He also says that he is itchy to put in money into American housing markets....
do we take that as a signal for QE3 which means more money into US economy esp construction?
It's a liquidity trap. The rats are running circles in the cage until they starve to death. In this case the rats are printing money and eating it but they still starve to death because there is no nutritional value. Once a country starts printing counterfeit money (QE to ∞), the game has been lost.
An experiment showed rats, given a choice between food and cocaine will push the coke button all the way to starving to death. Stimulus will do that.
I wouldn't piss in Warren Buffet's ear if his brains were on fire.
..but it would be tempting.
I would piss on him, just not where he's on fire.
Mar 9,2009 $73,195
Feb 18,2011 $127,550
Too heavily weighted in financials for me.
Dec 31,2011 $5
If I short it hard will you backstop me?
Warren Buffett says he has turned around NetJets...well read this...
Even Judge Jewdy had her NetJet card suspended by "The Accountants(Jews)".
I don't like Warren Buffet.
I don't like Creggie Milton from Busted Blog goes Boom. I'd take WB 100x over Creggie the sell out vanity man.
Kingworldnews has a MUST HEAR with Jim Rickards this morning along with a great Mike Pento also..
Someone told me KWN has more ass pirates per square inch than Goldman Sachlets. Can someone provide confirmation?
Derivatives should be called
“STEALTH FINANCIAL WEAPONS”
Gold should be called money.
anything that can be traded is as good as money.
In jails, they even trade sigarets and stuff so even that is money.
Agree 100%!!! competing currencies keeps everyone honest. To those who will reply "that's what we have now", No it's not. It's akin to blaming free markets for the collapse.
NOT - cigs are outlawed, current trade items are postage stamps and plastic pouches of fish - which do you prefer?
In other news .... China.
...... " Let’s face it – most Chinese growth is the result of overheated investment, and removing the sources of overheating without eliminating growth is going to prove impossible. I have been making the same argument for at least two or three years, and so far we have seen how Beijing veers between stomping on the gas when the economy slows precipitously and stomping on the brakes when it then grows too quickly. I don’t believe anything has changed.
And deposits were down
The most interesting number in the NBS release, perhaps, was January the level of bank deposits. They were down. Dong Tao at Credit Suisse says that this is the first time this has happened since January 2002:
What was more concerning was that it was corporate deposits that went backwards, not household deposits, as may have been expected around Chinese New Year. This gives us reason to believe that the fall in deposits is not seasonal.
One of my clients asked me two weeks ago about continued tightness in the interbank market and this was my response:
My interpretation of the liquidity tightness is also maybe a littledifferent. If you check the latest NBS numbers you will see thatdeposits were actually down, and it was not household deposits that dropped, which could be explained by the holiday, but rather corporate deposits. One month does not make a trend, but this is pretty consistent with the argument that highly negative real deposit rates will cause depositors to take their money out of the banking system.
In that case there may just be a mismatch between the lending and deposit side. Loan officers are always encouraged to lend like crazy, and the funding side assumes the deposits are there, but perhaps they were caught off guard by the decline in deposits. I am just guessing, as are we all, but we are trying to keep an eye on the topic to figure it out.
So why did corporate deposits drop? My guess is that large businesses may be finding it much more profitable to lend money to other businesses, especially those who don’t have easy access to bank credit, than to deposit cash in the bank at such negative real rates. Both the Credit Suisse report and an email I got last month from a friend of mine at Bank of China suggests that there may be an increase in intercompany lending, and to me this would be a very plausible consequence of negative real deposit rates. And of course for those worried about systemic risks this would be very worrying news. As Japan showed us in the days of zaiteku, when corporations turn to speculative financial transactions as a source of earnings they tend to increase systemic risk.
By the way, and as an aside, in my newsletter I discuss an important recent PBoC release Thursday on the true amount of new lending in China, including off-balance sheet items. According to the PBoC, not only is new lending far greater than the official new loans number, but it actually increased from 2009 to 2010 – contrary to what the official new loans numbers imply. This was not unexpected but nonetheless a little shocking. " .................
Good grief haven't you guys been calling for a crash in China for at least 2 years?
This is what happens when the investors have skin in the game.
Another of plunderers of the TBTFs talking from Mt Olympus.
TBTF: business, government, labor, banks
All of them shaking down the entrepreneur for loose change. When will Atlas shrug?
What is with this babble of the number of derivative contracts? That is a totally irrelevant figure. It is not the number but the number of dollars at risk. He could have 251 derivative contracts, 250 risking a dollar, the last one risking 10 trillion. Egad.
So size matters
If I had two subsidiarity companies under my parent company and one sold a S&P big, while the other bought one S&P big, what is the net notional?
Todd Combs will not be needed. We can rebuild him. We can rebuild Warren. Yes, it will cost $500 million, but we have the technology. Conceptually, here's what Warren will look like outrunning Seabiscuit as played by Lindsay Wagner... http://tradewithdave.com/?p=5513
OMG who gives a rats ass what this dinosaur thinks. I want to puke at the sight of him and his stupid shrill voice, with Becky Quick blowing him on CNBC....
I think I saw Creggie doing the reach around while Becky was blowing. Immelt sent a memo out that morning. "All hand on deck for Warren".
what a lil sore losing stalker you are... thats all you have to offer???? bitching about how your ass hurts. you are a lil no nothing fag insect... go shoot yourself.
"Remember: Anyone who says money can’t buy happiness simply hasn’t learned where to shop"
...So this is what it's all about, Alfie?
You mean to tell me that over and against the wisdom of the ancients, conveyed in good will upon us poor devils, our Oracle confers this upon his minions? That success boils down to the particular way one stuffs his bottomless gullet with novelties?
The vast esteen enjoyed by Mr. Buffet is a ghastly certain sign that...
Man, can't you just feel the times getting a bit biblical?
Is this old fossil dead yet?
I think he has moved on to Undead.
Making a new AUM class. Zombie Capital Management.
This is the letter the big, fat, bloviating socialist Warren Buffett should have sent:
Wasn't Ritholtz arrested for attempting to sell pre-teen girls on Craigslist? Yuck!
Although I'm not much of a Buffett fan anymore (and I'm especially not a fan of his partner-in-crime Charlie Munger due to his comments the past year or so), you have to admit that those are some *crazy* numbers... billions in bets, with hundreds of millions in profit.
Must be nice! LOL : )
4Q profit up 43% to $4.4 billion.
Nebraska (Presbyterian) vs. Wall St(Jew York City).
I didn't know US capitalism was about religious war...
Speaking of Jew York City, didn't Chi-town just become Jew-town?
BH will be BK by 2013.
BH bitchez. Friend of The Street(aka Creggie).
The only reason Buffett has made any money is because he is an insider. Same applies for all the other crooks on wall street. They are not clever, they are not smart or 'gifted', they win because they already know what is coming around the corner, because they have been told in advance.
They are crooks, that is all. They have one of the easiest jobs in the world.
Whatif ZH was a Wall St based offshore entity with the easiest job in the world?? Herd the ZH-Sheeple.
Have they shown any reason to be afraid of the .gov sensors? Nooooo! They are soft core, easy and gentle.
Why hide your identity?
From famed investor and American hero to hypocritical, socio-capitalist, book-talking fraud to senile, rambling imbecile - all in the span of three years. Poetic.
Just wait for the realz poetry bitchez!
Where the fuck is Marla? Why can we not have some trance with our Zero?
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