This page has been archived and commenting is disabled.
Carl Icahn Confesses That The "System Is Not Working Properly", Warns Of Another "Major Problem" Coming
Confirming our ongoing observations that the pursuit of leveraged beta is the only game in town ("Levered Beta Uber Alles: NYSE Borse Margin Debt Jumps To Three Year Highs, Investor Net Worth Remains At Record Lows") is this surprising confession by hedge fund titan Carl Icahn, who not only warns that the levels of leverage achieved in the current centrally planned regime is as bad as it ever was, and that some form of Glass-Steagall should return, but that, stated simply, the entire "system is not working properly." His warning, stated in a very politically correct fashion, is that "there could be another major problem" either next week, or next year. Which is not surprising: after all not only has anything changed, but the very same drivers of risk that nearly crashed capitalism in Q3 2008, are back and arguably stronger than ever. That the Fed is the last recourse mechanism preventing an all out systemic wipe out probably should not be a source of comfort to anyone. In the end, the Fed, as any other authoritarian institution promoting central planning, will always lose.
Relevant transcript:
"I do think that there could be another major problem. Now, will it happen next week, next year, i don't know and certainly nobody knows, but i don't think that the system is working properly. I really find it amazing that we're almost back to where it was, where there's so much leverage going on in the investment banks today. There's just way too much leverage and way too much risk-taking, with other people's money. I know a lot of my friends on Wall Street will hate my saying this, but the Glass Steagall thing or something like it wasn't a bad thing. In other words, a bank should be a bank. Investment bankers should be investment bankers. Investment bankers serve a purpose, raising capital and whatever, but i think today, and i know a lot of people won't like hearing this, what's going on today, i think we're going back in the same trap, and i will tell you that very few people understood how toxic and how risky those derivatives were. CDS were extremely risky the way they were used, and you look at Wall Street and you say, hey, they did it, but then you can't really blame the Wall Street guys. You can't blame a tiger. If you take a fierce man-eating tiger and put him in with a lot of sheep, you can't blame the tiger for eating the sheep. And that's the nature of the tiger. And that's the nature of Wall Street. I'm not saying they're bad but that's their nature, and the government should regulate finance."
Full interview:
h/t Scrataliano
»
- 23058 reads
- Printer-friendly version
- Send to friend
- advertisements -
Tigers unless they are protected species usually get shot by sheeple.
Fuck the tigers!
I mean literally fuck them!!! Impale them!!
First they cry "too much regulation" ... then then say "see.. without regulation, you turned us into animals"
.... then they cry "help us ... lower those rates ... we need liquidity" .... only to say "it's your fault ... your rates are too low"
..... finally they cry "nobody loves us ... and all we do is make $billions off your asses"
give me a fucking break!!
Roll those worthless $ bills tight ... and shove them up their asses ...
fucking leeches!!
........
All right .... I feel better .....
Without balanced legislation the sword of Justice is removed from the public. True it is natural to expect profit maximization , but just law is intended to secure justice not natural tendencies gone wild.
Legislation isn't relevant because there is no enforcement. Only Bernie Madoff is in jail. He wouldn't be there if he hadn't confessed in the streets.
Madoff wouldn't be in jail if he hadn't stolen from rich folk like himself. There's certain lines that can't be crossed in the expropriating class!
says the guy voting obummer in 2012!
LMAO
not to nit pick.. but Palin.. Obama.. whats the difference? the Lobby will own whomever is voted into power.
being mad at Bush.. Obama.. Clinton.. is like you being mad at me.. I have no power over what will pushed.. any more than those scumbags.. and they all are lobby whore scumbags.
now Kennedy.. who in the last couple of decades has had his name dragged thru the Mud.. was the last real chance we had.. Kennedy didnt need the money and could not be bought. Kennedy did end the FED and restore the U.S. Dollar to a silver standard. But he was put upon a pedestal! only to be knocked off by the right wing Holy Roller, Tax Break, Drill Baby Drill Crowd.. inbetween snorting meth and sucking off of male prostitute(s)!
Wake Up! People here are getting antsy for some change and running home to core beliefs that were programed over decades by someone without your best interests at heart does NOT! Help You or Your fellow Americans.
As far as fixing Glass-Steagall what's the difference between Palin and Obama? Neither of us knows.
But puulezze don't tell me there is no difference between the two. Just a guess. But I don't think we would be dragging Arizona into court or having child molesters grouping 6-year old girls flying from Dallas to Houston.
Shall we continue with the nightmare formerly known as POTUS 44?
This country doesn't need to suck this badly.
I understand that all of you want to believe in the human spirit..
I Understand that all of you want some kind of change, we can forgo the abortion / whatever blows up your skirt that does not affect the bottom line of those that test and program to you.
The reality of anyone who is President.. including a darky, commie who is just out to get you working class folk! is that Dollar Bills Rule ALL.. You could make your preacher and / or your Father / Brother / Mother President of the United States and you would get the exact same result..
Now dont get me wrong, you would have some different drama to watch on Fox News.. every day.. but the nuts and bolts of how the Working Class is really robbed Blind would continue un-abated or if.. let say, YOUR Mother! was elected and she decided she would make waves..
http://www.youtube.com/watch?v=XY02Qkuc_f8
if a billion dollar blue blood gets knocked off..
but lets for a second pretend that you dont understand what it meant to shut down the FED and put America back on a Silver or Precious Metals Standard, even with what is routinely brought to ya'll's dumbass attention.
So, instead of me getting into Palin is less of a loser that Obama.. I will stop and see if you have learned anything and if your tones have changed.
If you scumbags are fucking pro fucking Palin and refuse to learn I can promise you that huffington post will make room for you there. But here I have not the patience or the inclination to put up with stupid! because you cant fix stupid.
$19 Trillion dollars in 3 years is fucking gone.. and Not Palin, Not McSame and Not Commie Darky Himself could stop it.
and as much as abortion or what the fuck ever is important to you.. that matters more that $19 Trillion Dollars.. I can promise you doesnt really matter thats why you pumped up with it 24 fucking hours a day on T.V.!
Ron Paul
Ron knows better than anyone if they would kill Kennedy.. that some dumb red neck from whatever hill town will surely take two to the head for far less.
Was that a reference to Barney Frank?
I'll just throw out there that Palin has a record of going after corruption in her own party.
I understand that all of you want to believe in the human spirit..
I Understand that all of you want some kind of change, we can forgo the abortion / whatever blows up your skirt that does not affect the bottom line of those that test and program to you.
The reality of anyone who is President.. including a darky, commie who is just out to get you working class folk! is that Dollar Bills Rule ALL.. You could make your preacher and / or your Father / Brother / Mother President of the United States and you would get the exact same result..
Now dont get me wrong, you would have some different drama to watch on Fox News.. every day.. but the nuts and bolts of how the Working Class is really robbed Blind would continue un-abated or if.. let say, YOUR Mother! was elected and she decided she would make waves..
http://www.youtube.com/watch?v=XY02Qkuc_f8
if a billion dollar blue blood gets knocked off..
but lets for a second pretend that you dont understand what it meant to shut down the FED and put America back on a Silver or Precious Metals Standard, even with what is routinely brought to ya'll's dumbass attention.
So, instead of me getting into Palin is less of a loser that Obama.. I will stop and see if you have learned anything and if your tones have changed.
If you scumbags are fucking pro fucking Palin and refuse to learn I can promise you that huffington post will make room for you there. But here I have not the patience or the inclination to put up with stupid! because you cant fix stupid.
$19 Trillion dollars in 3 years is fucking gone.. and Not Palin, Not McSame and Not Commie Darky Himself could stop it.
and as much as abortion or what the fuck ever is important to you.. that matters more that $19 Trillion Dollars.. I can promise you doesnt really matter thats why you pumped up with it 24 fucking hours a day on T.V.!
Just for the hell of it: Go Sarah!!
What needs to be done to get our country back in the black is pretty obvious to everyone who regularly visits this website. The problem is, we are a republic, and the voters are not now and likely will never be collectively mature enough to support the policies that need to be enacted. No politician wants to bet his career on a set of policies that will be accused of killing granny, starving the children, cancelling the vacation, crashing the home price, putting cops, firemen and teachers out of work, etc. Mencken said that in a democracy the people get what they deserve...good and hard. As I see it, Palin has none of the answers but she does at least have a devil-may-care attitude. She could really stir things up in the country, polarize the nation, bring things to a head. That might not be a bad thing.
No.
You are some kind of pro.
you come here with you sweet nothings.. NOTHINGS..
Hopes and Dreams that she make in fact effect some change..
because she will forgo everything near and dear to a Mothers Heart!
or.
You want the end, or maybe a lil of both.. I think.
Pray for the end, try to insure the end comes thru promoting sheer stupidity to the top! LOL!!
you choose badly when interacting with me, here.
I had described in some amount of greater detail why you are what you are but I clicked the gold advertisement to the side.. maybe yours instead is a GOP / Koch Bro’s Company.. who knows, if you do good enough job for them you will be able to lick peanut butter off of their combined balls? Trying to sell your black magic where’s here will yield you no fruit.
Problem is that those who are supposed to be sheppards and guard dogs are eating up as many of the flock as they can and leaving the rest out for the tigers to devour.
An excellent rant! Kudos!
Has Carl had a good year in awhile? Any killings lately?
the system is not working properly ... for whom?
You got a point bugsy. The system is performing flawlessly....for the elite. They just don't tell anyone that according to their plan, we all end up serfs.
@ bugs
He just doubled his money in TTWO. Recently sold half his stake to "ring the register". He's not very polished on tv, but he's a brilliant financial stategist.
Careless Whispser fawning over Carl, LoL. I hope your meeting in the public restroom does not create another controversy.
Without a specific date or a tight range your "brilliant financial strategist" is full of bullshit.
[Did you like that I used the word tight?]
He may be a brilliant financial strategist, but he seems oblivious to the fact that risk-incentivizing is the primary policy of the Fed and various government policies like TBTF, FDIC, Freddie & Fannie, etc.
Instead of acknowledging that, he calls for yet MORE government control over the economy vis-a-vis Glass-Steagall.
I assume he has a strategy that is being served by the remarks he made.
@ dejean
what other wall street billionaire does a comedy stand-up routine?
you can start it at 7:00 if ur in a hurry
http://www.youtube.com/watch?v=UEc8Xzn1WqU
Hey douche, wake the fuck up would you!?
http://www.topix.com/forum/afam/TCEL6H6L79C279EVA
thanks for the link, i guess. but why don't you say what your point of view is. if you have any good points of view you should share them.
the derivatives are the "doomsday machine".
they work as intended. see here...
Peter Sellers: A Hard Day's Night
http://www.youtube.com/watch?v=zLEMncv140s
.
Peter Sellers - She loves you (German version)
http://www.youtube.com/watch?v=w3iY6rpHjfA&NR=1
.
The Doomsday Machine in Dr. Strangelove
http://www.youtube.com/watch?v=cmCKJi3CKGE
.
but this is the one.
dr. strangelove - survival plan
http://www.youtube.com/watch?v=iesXUFOlWC0&NR=1
"I'm not saying they're bad..."
Okay I'll say it. Kleptocrats feeding off of the savers is criminal.
The Twin Pillars of the American Experiment - Gold and the Golden Rule...
U.S. bankster/politeer leaders have continually debased both since GD1; debased the money supply, rescinded the rule of law, rewarded malfeasance, greed and selfishness, while encouraging usury and direct, leveraged theft from future generations.
Equivocation and Sophistry rule the land; a mad penchant for inaction, delay, obfuscation, circular reasoning - whatever it takes to keep the fantasy plates spinning on the sticks and prevent them from falling to reality.
Empty rhetoric to fill empty minds.
A chicken in every pot!
And its true for both parties...
Think of it as sheeple-food - Fill 'em up, and keep shearing!
I kill tigers with my spear and so can you
Uh, yeah.. I think I'd like a bit more distance from a wounded tiger. I'm going to stick with my .338
Carl,
You are just now figuring this out? They system has not been working for years but blatantly for the last 2. Any pinhead street walker knows this. For a guy that runs billions, I find this to be a bigger story than the headline. Nothing but a fucking short squeeze now forever. Unreal the magnitude of stupidity at this level.
He thought he could buy himself a seat at the table.. but! I siad this a Year Ago! there will be no one person who can raise enough cash to challenge the Status Quo! right now you see the big names being pushed out of the seats of power in favor of a *"Souless Corporation" regime!
* to me a souless corporation is one that has no majority share holders, a Triple A "AAA" Rating and a 0.25% window to draw down from.
Sounds like Carl started reading his Zerohedge.
there is a difference between a tiger and a
money stealing nazi fascist. did they just call
savers sheep? pensioners sheep? those who abide
by the law and pay their taxes are sheep? oh boy!
how wall street makes money? see fascisms and bailouts,
zirp and qe^. fascist stealing nazi, blood thirsty,
inflation demanding, fiat destroying, baby eating,
vile csosseyed, devil worshipping, virgin raping,
cluster bomb embracing shits. they ain't tigers.
seriously, you're stuff is getting by the day, blindman........ lol.
Oh yea. You have got to love all of his nazi references. This kuntry has been programed by the hollywood-joos to think a certain way or else you may offend...
Nice!
here, a description of the "tigers".
Friday, May 27, 2011
Gerald Celente
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/27_G...
.
if you don't feed them they eat you. if you don't let them
feed on your neighbor, they eat you.
we'll see.
he allowed himself to be interviewed and he gave an opinion which most would agree with - i smell jealousy and envy in the comments
.
Hey Carl: do the world a favor and kill yourself.
Thank you! Please. Make it a mystery. Hang yourself in your Bedford Hills basement and leave no suicide note. You'll be the toast of the Interwebs.
I'd prefer he smear ambergris on his body and launch himself into the Shamoo killer whale enclosure.
deleted
i am a disenfrachised homeless ex business person. Each on ramp now has a man, woman or both with signs pleading for help. I still have a car and laptop and a place to stay till i leave for germany in a month or so. In the mornings i see many walkers with blankets, indicating they have slept outside, how , in this constant rain i dont know. As a contractor i worked at least one house per week, dropped my license last june for lack of business and caring for my dying (deceased now) woman wiped out my 1000 ozsilver of savings. reverse mortgage, so lost house i put there. Am 60 and not alone, but most i meet have no clue of why we are where we are. Nor are any prepared for the hyperinflation already begun here in the USA. I warn folks i meet each day but so few take the message to heart and many have no means of preparing. maqny of the masses have no internet and do not see what i and many of you on Zero hedge see.
I pity this country, it has fallen far and low and yet a ways lower to go. The selfish and selfcenteredness of the masses, the worship of the television, american idol etc and lack of true conversations among each other is part of the problem. When we finally realize what i have always known, THAT WE ARE ALL FAMILY, like it or not, then we may see compassion and progress.
In all of this .....where is the love?
nothing left to lose
I'm an ex contractor caring for my aged mother now. But for the grace of God, I would be in the same straits as yourself. Debt is a remorseless killer, unleashed on a naive public. One day they will storm the Bastille and take what is theirs. I wish you the best of luck.
O.K., do you not have family or friends that can assist? Borrow some money that they would loan you if you can, money that they would never invest in PM's. When it all hits, give them a hefty return and take your cut.
Ooops - double post. Sincere apologies.
The Badger
I hear you champ. The worship of television is the distraction that breeds the apathy which allows this charade to continue. Good luck with the future and keep that chin up.
"Now I know why tigers eat their young." - Rodney Dangerfield
Fast Money should have a segment called "Discussions with Mr. Obvious," When main stream guru's dispense market "revelations" that cause shock and awe to bone head CNBC pundits but has been common knowledge to the ZH community for months/years.
Leverage.. to, too much! which is code for the equity participants can Not! compete at the table.. which if you look at Leon Black, Clemmens Vedder and so on.. they all are having to chase middle (lower middle) market companies becuase they can Not compete.
The Big Boys have squeezed the "Whales"... the "Whales" dont have a 0.25% window to draw down from against their own Bank on!
Man maybe number one again.. but that doesnt mean Man can Compete with JP Morgan.. or even Goldman.
How bout prosecuting fraud? Could we just start there?
I'm sure AG Holder is about to dump a metric ass-ton of indictments on wall street. Any minute now...just keep holding your breath...
Iu' ts gewttiiiiiiing harsder anddd hartder t o h o l;l;ld m yy breasatt h.. .../..
Unbelieveable. His argument is suspiciously reminiscent of all the gamblers who got up and danced to the music last time, and then swore under oath that they didn't see it coming. They saw it coming then, they see it coming now, they just have happy feet and keep on dancing.
Not only should Glass-Steagall be used to separate the shit, it should also be used to NULLIFY what has gone on....i.e. the fraudulent debt.
If the debt no longer conforms to the new..err...old standards, than it is ZEROED by not being able to be traded and thus you could say they're worth a googleplex but if you can't trade them....what are they worth? ZERO.
Even though Glass-Steagall is a simple bill, when you apply it to TODAY's markets, it really will destroy the banksters frauds' MANY different ways.
Just remember inside Glass-STeagall is the 'glass-steagall standard'. Is the debt real? Is it based on something tangible or something bullshit? These sorts of questions are asked about every piece of debt in the system (every piece = what it's classified as...real mortgage one pile, mers mortgage in the trash pile). Since most is worthless fraud, you'd find a lot of debt cancelled away (which then can be retired in time since we'll have a non-federal reserve system going forward). You'd have the ability to wipe a whole lot of our national debt away. You'd have the ability for the federal gov't like after the revolutionary war, can take up state debt (again lots of that is gone too) so that instead of being a repressive force upon states, it once again does the opposite and EMPOWER the states.
It goes on and on and on.
We need sane banking standards. Not this monetary playground of bullshit laced with Fraiser Crane.
...and as America under a Hamiltonian Credit System emerges, it can fund the tangible works projects we need. Power, Water, Space, Science, Radiation/Electromagnetic, Transportation, etc, etc. The utterance of credit for these purposes...CREATES the private business opportunities of tomorrow. (real ones)
But it all starts with Glass-Steagall. That rights the ship, the rest is actually getting it moving.
+1
Right on. Glass-Steagall was repealed meaning that Congress knows all about it's benefits. Right? Yes they do.
They could have implemented this 3 fucking years ago with an apology for rescinding it! But no, the lizard overlords are in total control. AIPAC.
We need more congressional vegetables like what's her name!
Glass-Steagal, which kept The Beast caged for decades, was potent, effective and . . . only 53 pages long! (You can download the full text at the National Archives.) It takes text to make loopholes, and I wonder about the degree of correlation between succinctness and effectiveness. Contrast that with the 2,000-page monstrosities that congress now passes—without reading of course.
"Brevity is the soul of wit" (and wisdom?) "Thou shall not kill" has few loopholes.
The secret is cut to the chase. Milestones
Brevity is the soul of lingerie.
Wall St has held itself out to be the home of responsible financial pursuits that should be emulated by the common man. Wall St never says that they are the voracious irresponsible tigers that they turn out to be. Indeed, our Treasury Secretaries over the past many years have cut their financial teeth at the pinnacle of Wall St. How could we have been so naive to think that most capitalists are really tigers in sheep's clothing.
which
The Baby faced ass sukker at the end cant get his facts right - "...Glass Stegall falling allowed AIG to do what they did...." Bullshite - AIG not at all affected nor regulated by the Glass -Stegall act - what a useless bunch of snot nosed brats peddling the same crap THEY did 3 years ago....
the Fed is the last recourse mechanism preventing an all out systemic wipe out probably should not be a source of comfort to anyone. In the end, the Fed, as any other authoritarian institution promoting central planning, will always lose.
Awesome!
Define lose.
Before jumping to conclusions regarding the persona of Carl Icahn, I would watch the lecture below:
( challenge facing corporate America is weak management and that today's CEOs,)
http://oyc.yale.edu/economics/financial-markets/content/sessions/lecture...
In the above lecture his views are 'right on the money.'
Perhaps you are right, I don't know anything about him as a person. I completely disagree that repealing any one piece of legislation is our problem. The problems are systemic. They wiped out M3 before stimulating. They eliminated the uptick rule with no explanation at all. Suddenly, there are HFT traders everywhere. Well, we got our explanation. Every level of our society is corrupt, and has to be burned down and built from scratch. That's not possible, but that's the ideal we have to pursue. Fortunately, the crash is at hand and it will tear itself apart through its own weight.
"I would like to play Global Thermonuclear War."
"Wouldn't you prefer a nice game of chess?"
on Sun, 05/29/2011 - 15:24
#1320905
Before jumping to conclusions regarding the persona of Carl Icahn, I would watch the lecture below:
( challenge facing corporate America is weak management and that today's CEOs,)
http://oyc.yale.edu/economics/financial-markets/content/sessions/lecture...
In the above lecture his views are 'right on the money.'
************************************************************
Great Video! Please find more Great Stuff and Share.
Thank You!
did she really just say, "you only hear it here"?
I have read this 10 times and laugh everytime.. so YES! she really did just say that! LOL!!
carl has always seemed old-school icon to me.
equity, debt, it doesn't matter, he knows how to play for control. so, this whole bail-out bullshit doesn't cut it, old-school.
i doubt if he'll ever recover from what prez0 did to the bondholders' rights in GM.
maybe nobody will.
Funny seeing a tiger with indigestion.... and the mixing of a man-eating tiger analogy with sheep-eating tiger one. But we get it.
Robert Rubin killed us with the Glass-Steagall repeal, & he raised eyebrows when he suddenly jumped right from Treas. to Citibank at the time...
and then Citi turned out to be the biggest abuser of Glass-Steagall repeal by getting the most bailout, $280 billion... and Paulson forced the other banks to take bailouts just to hide the fact that Citi was insolvent and thus prevented a bank run on Citi -- and all this because of Robert Rubin. And this was after he had already been involved with the 1998 fraud suppression in the LTCM derivatives meltdown -- no accident.
Where are they now? Robert Rubin is the co-chair of the Council of Foreign Relations and a star at the Bilderberg meetings. Hey, it's no longer a foil hat conspiracy theory anymore since they gave up trying to hide it a long time ago.
Yes, it has mutated from "conspiracy theory" (actually, "conspiracy fact") to terminal Stockholm Syndrome.
Okay, let's get this straight. If wild beast predators (say some big honking tigers) come into town, what did humans do (when that used to happen)? What should humans do?
Answer: Kill them.
It is wildly stupid and wildly inappropriate to treat predators like model producers. You do not arrest a predator, give it a trial, then lock it in a cage for a few years, then release it. You kill it.
Let me be more clear, which unfortunately I must be in the terminally braindamaged world of today.
Producers have producer ethics, and should be treated appropriately on the basis of producer ethics (roughly speaking: complaint, arrest, fact-finding (trial), damage judgement, damage compensation, if any).
Predators have predator ethics, and should be treated appropriate on the basis of predator ethics (roughly speaking: kill them).
Note that predators do not grant producer ethics to producers (or to other predators for that matter, though predators typically avoid trying to feed off other predators).
Note that producers should not grant producer ethics to predators either. The producers will often be consumed by the predators while attempting such misguided folly.
Let me cast the above in another way. I am not giving "action advice" here, but I am quite serious about the point.
I am not a slave. I am a producer. And I was born into this world just like every other human, which gives me no priority or authority over any other human, and also gives no other human any priority or authority over me. That's simple enough, right?
Which is just another way of saying I am not a slave. Nobody has authority over me. Nobody. And I won't even discuss nonsense like "government" because "government" and "corporations" do not exist - they are pure fictions.
So, when some human decides to steal my property, or force me to do something, or force me not to do something, they are a predator. PERIOD. What delusions they hold in their mind is not my concern. They have a responsibility to operate their own consciousness.
Get it? The current attempt to treat overt predators is misguided and self-destructive to producers. It doesn't work. It can't work. Every attempt to treat predators this way is extremely dangerous, and almost always fails. And it has, as today the entire world is controlled by:
predators DBA government
predators DBA corporations
predators DBA central banks
predators DBA fictional names
No predator in the history of the world has listened to a protest and said, "Yeah, okay, I was wrong, and I will compensate for all damage I have done, and I will never do anything like that again". I mean really. Can you even image that? But that is the modern approach. It is stupid.
So, to sum up.
I do blame the tiger for coming in town to eat sheep.
And I damn well blame the sheep for not killing the tigers. What a bunch of unbelievably dumb sheep.
PS: Remember, these tigers and sheep have identical genes. These behavior differences are chosen by both tigers/predators and sheep/producers.
You need to look up aquatic intraguild predation models.
It was the Law of the Sea, they said. Civilization ends at the waterline. Beyond that, we all enter the food chain, and not always right at the top. - H.S. Thompson
Don't make the mistake to think that predators are the same as sheep. They're clearly not in many cases, even within the human genotype [specifically - sociopathy; see further Political Ponerology, http://www.ted.com/talks/jim_fallon_exploring_the_mind_of_a_killer.html ]. There's no such thing as a universal 'predator'; there's a range of differing types, and many predate other predators. Its a complex web at the carnivore end of the spectrum.
Just so you know... (if you want some historicity, I'd suggest looking into wolves/dogs and their transitional periods or http://news.nationalgeographic.com/news/2011/05/110513-neanderthals-last...)
No doubt different predators have different tactics. That certainly applies to human predators too.
But yes, there is a universal aspect of predators. They consume what they do not produce.
Did I say something to imply I made the mistake of thinking that "predators are the same as sheep"? I'm not sure where you think I implied that. Sure, they both breathe, but that is only a non-essential detail. The difference that is essential is what I put in italics above.
Though my comments are meant to be general, the predators I mostly had in mind are predators in government, in large corporations (the executives), and in [central] banks. My point was this. If any human believes he has ANY future other than an absolute, complete, utter, total, abject SLAVE to be arbitrarily jerked around at will by the predators-that-be and predator-class (who are human predators), they need to stop imagining in their wildest freaking dreams they can do so by writing blogs, filing court cases, complaining in letters to editors, joining political parties, voting, organizing or any other producer-like behavior.
Unless humans are willing to be abject hunks of rotting slave meat on a permanent slave planet, they need to take actions like the founding fathers in the revolutionary war, or royally pissed-off people elsewhere in history. The only way to get rid of predators is... physically.
Bang!! Dead On. Milestones
Bet he will still be rich no matter which way the wind blows.
he earned it.. he still earns it.. and he cleans up these souless corporations and turns them into productive, profitable companies.. in this day and age, thats not the norm.
Actually I view this as progress. We will never make any headway in controlling in the banksters until the remaining wealthy people realize that the banksters are not acting in their interest either. It has to be everyone vs. the banksters, as opposed to rich vs. poor. Smart rich people will realize that they will not remain wealthy in a United States with only two classes. The majority of US economic activity depends on a prosperous middle class, and if you eliminate that the wealth of the non-bankster rich people slowly declines. Carl is just calling it (probably in the hope of avoiding pitchforks) and also because he sees that it does not work except for the banksters the way it is. Once the banksters have bled the middle class dry, they will start in on the other wealthy.
absolute funds were already raided the last contrived melt down.
Well said. Animals of prey coexist until the prey becomes scarce. Then the battle gets ugly fast...
7 decades of falling commodity prices and rising financial asset values - replaced IMMEDIATELY (beginning 2008) with ?? decades of rising commodity prices and falling financial asset values.
Wall Street is toast. The only way NYC doesn't collapse is if the US Government somehow gets tricked into allowing Wall Street to trade commodities and futures with (illegal) inside information.
Central planning is how America won World War Two and put men on the moon. There's varying scales of organization required for varying collective challenges. Leaving the jungle wild is often when and where you'll see tigers eating the sheeple.
I'd say geography is how we won WWIII and credit was how we put a man on the moon. Central planning is what we have now, like never before. The Banks plan and we get "eaten."
FUCK.
I'm heading back to my delorian... I over-shot and landed after I could have had a chance to stop WWIII.
FUCK. THE OFFICE IS GOING TO FUCKING KILL ME.
Ya shoulda went with Bill & Ted's phonebooth...:>D
Oh goody, killing people and putting somebody on a desolate moon with no practical purpose. Great use of funds. How about modern medicine, technology, transportation, etc. and everything else actually VITAL to life that the private sector created and continues to create in spite of the extortion racket known as government constantly trying to hinder them? Leaving the jungle wild is when the food chain and nature works as it should and strong survive; we could only hope to be so lucky.
Looks like Goldman has given all the sovereigns better prices to get out of there risk assets. Goldman is always doing Gods, no matter how stupid they are!!!
x
.
The great reset of capitalism is coming...
The powers that be announced on money.cnn.com last week that it was going to take a major financial meltdown to scare the markets enough to get QE3 started. Timmah said ok, let's fucking do this. The post was a warning to those in the know to get the fuck out, in my humble opinion. The elites always announce what they are going to do, if you are willing to open your eyes to it.
http://money.cnn.com/2011/05/26/news/economy/orszag_debt_ceiling/index.htm
Read it and weep. Prepare your anus appropriately.
Starting in July via the article... enjoy life while you can. If you have a 401K, etc it might be time to take the hit, and take a vacation before the 4th of july... and the real fireworks begin. Don't take this as financial advice, just a friendly warning from someone who is not involved in the markets, period.
I'm still waiting for capitalism. When have the markets ever been free?
Kill the fucking syphillitic tigers. Skin them alive and feed them to the dogs. Same goes for the politicians. These bastards needs their nuts cut off. Let the tigers eat them before we kill them.
Would someone drop a neutron bomb on Wall street.
The system isn't working properly? No that's when your cars timing is off. This, what we have now, is a long quiet coup entering its final phases. It's nearing time to turn the wheel, and water the tree of liberty. The window for peaceful change is closing, so get off the couch and make some changes in your life and habits; now. Vote your dollars, vote third party, go with a credit union, dump your debt, buy pm's... anything. The choice of apathy at this point is a vote for violence. I'm doing everything I can do to dump the system, but should that fail (and I hope it doesn't) I will raise arms to protect the Constitution, personal freedom, and my children's future. This is my country, our country, and I will not run.
Word.
Carl Icahn is a very different kind of operator than the primary dealer mafia.
His plays are all based on very savvy stock picking. He specializes in searching for companies undervalued due to self serving shitty management.
He is one of the first to get hurt by the all boats rise together and hft horse shit that now pervades our markets.
The fact that he sent all his managed money back to his LPs because there is too much unpredictable risk in the system speaks volumes.
Trust me, he is not the kind who likes to send the money back.
Find loop holes and make money - by all means. But if you screw up, you get liquidated without a bail out. Thats the key point.
"All of human unhappiness comes from one single thing: not knowing how to remain at rest in a room."
Blaise Pascal
Every one of us has a burning in our heart, that desire to make our mark on the world. For most, the needs of just surviving everyday rob us of the time and the energy to take the steps to fulfill that desire, but in our few spare moments, among friends, and maybe after a few beers, we let all who will listen know that we, in our wisdom, know what would make things better. If only someone would listen. And that that man or women who is in the position of authority does not know what we know, does not see what we see. And if they ever did know things or see things as we see them, has been corrupted and is therefore weak, or even complicit, in a conspiracy to keep us voiceless and impotent.
But, as we castigate those who promised us salvation. Those who led us to believe that THEY could save us. That THEY could make the world a better place, while we sit and watch, we lose sight of the fact that we consider them to be more powerful than any of us. And they ARE more powerful than most of us, for we gave them that power in our support for the promises they made. But, just as some of us are more powerful than others in our own small circles, yet find others who more than match our influence, and stymie our will for the changes we seek, so also do those that we have thrust in front of us find that there are others with voices. They find that there are other leaders in the world who have different outlooks, different desires, and different expectations of the future. And those desires and expectations do not always co-incide with our expectations.
And thus we, sometimes are forced to admit that even as we attempt to project our collective power. Even as we push our visions of a world that would be the model of our vision, reality intrudes.
And that reality is the need of every human for survival, and those things that ensure survival. Food, and shelter. At the individual level. It is our instinct for survival that gives us this burning in our hearts. It is our instinct for survival that keeps us from being quiet even as our bellies are full and we are comfortable in our warm houses, watching our televisions for entertainment as the cat sleeps on our lap.
So, we grumble, and we agitate, and we blame those we elected for our indignitys, real and imagined. And our leaders, knowing that they depend on us for their power and survival, do what they can to keep us content. If they can't keep us quietly content then they focus our attention on someone or something besides them. For they know that we need someone, or some thing to blame for our minor irritations.
And again, as we all bring to bear our collective wills, we focus the power of our society. And the focus of that power is often the victim of our power.
So we destroy that which we wanted to create. Prosperity.
And quietly and without fanfare we continue our lives of quiet desperation. A seething mass of humanity engaged in a personal struggle to survive.
Happy Memorial Day,
thanks to all of those who have been the point of our collective spears.
gh
The question I have for Carl and the rest of the Tigers on Wall Street (including the paper ones) is this; What happens after all of the tigers eat the last sheep?
Oh well, at least it’s Memorial Day. So, now that I’ve reflected and paid homage to the veterans who have made the biggest sacrifice for our country, I’m going to say a prayer and remember the great financial system that once was, which died at the hands of those who have taken the most from our country.