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Central Banker Lunacy Is Now Airborne, Contagious, Certainly Genocidal
Only known prescription is infinite amounts of soon to be defunct paper currency.
Side effects include WSJ rumor leakage, frontrunning, mass corruption, trade wars, protectionism, crony capitalism, hyperinflation and revolution.
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he's part of the "virtuous circle"
The road to hell is always paved with benevolent intentions. The deal with the Devil has been made.
They should just call it the 'Doh!lar' and be done with it
Oh God, just shoot me now. I don't want those puss filled ugly ozzing sores and the 4 inch nose hair that signals infection.
Is there time for a blindfold?
FED says USD needs 10% devaluation. ECB says US not seeking weak dollar policy.. WOW... just WOW
Max baby, time for a chill pill.
In bizzaro land, everything makes sense. May I suggest you chase that double dose of chill pills with 10 or 20 stiff drinks of grain alcohol.
Suicide is painless. Really.
http://www.youtube.com/watch?v=BVUXPjFWfX4
The lyrics are a good read.
http://www.stlyrics.com/lyrics/televisiontvthemelyrics-50s60s70s/mash.htm
'Cause suicide is painless
it brings on many changes
and I can take or leave it if I please.
...and you can do the same thing if you choose.
Bailey's in my coffee this morning.. That's as potent a drug I take these days.. :)
LOL.. thanks for the advice.. I think i'm saving the hard stuff for next week..
Max,
I hate to tell you this but you and I are already bent over and getting the hard stuff. It's just being "pitched" as something else. :>)
Happy place.. Happy place... Happy place... fuck...lost it. Tell me it won't hurt, CD. :0
It won't hurt. I promise.
Until it does.
You know what they say? In for an inch, in for a.........
I don't like how you comfort me. Please stop , because it doesn't taste like the same Koolaide. :D
How about
Stop it! You two are killing me! Its 4:30 am out here and I can't stop giggling. what will my neighbors on the other side of the thin walls think I'm getting up to in here?
;o)
Probably the same thing as we're getting up to on here, only they don't know it and keep walking around rubbing their asses, scratching their heads, and trying to recall if they went home with the proper gender the night before.
When desperation seeps in, gender is not an issue. The only concern at that point is availability.
Damn.. I didn't even get a courtesy reach-around.. ;-)
The Germans don't think Trichet is credible, and this line of thinking just cements that sentiment.
One effective way to break apart the Euro is to thoroughly piss off the Germans by dismantling their export sector-- which by the way-- creates things of value.
With the excess Benny dollars hitting the Europans shores, I'm sure Trichet has a nice target for those dollars in mind. The good news for Ireland is that the ECB will bail them out. The bad news is that Ireland will be bailed out in $USD.
Man, that's gotta suck...
"creates things of value.......? what is that?
Machinery. The Germans seemed to have developed a skillset to build things in a competent manner. Sometimes that isn't a good thing, as they damn near wiped out half of the world in the early 1940's.
I'd prefer that they ship their goods to other parts of the world, actually.
What does the rabbit say? "It won't hurt. Did it?"
Bend over. Do you want regular or premium?
Fire sign Theatre
Didn't you hear? Suicide is painless. I just read it here a couple of days ago.
Yep. Just like the vaccinations created by big pharma ... the side effects are exactly the same as the disease they claim to protect you from.
@ i-dog
+10
oh, Bennies Bend over Bitch aka BBB
If you had been here with your BBB a couple of years ago, some of the ratings agencies could have rebranded that as AAA.
Some music for the moment:
http://www.youtube.com/watch?v=kZZiPhKMC0c
http://www.youtube.com/watch?v=3u2qRXb4xCU
Hahaha, brilliant.
very nice. love youtube
:-)
http://www.youtube.com/watch?v=q34EBAX66rg&feature=related
comedy, just a coping mechanism for tragedy
Silver on its way to 26. I love it when a plan comes together.
Crude oil now over $86/bbl. Gotta love those worthless fiat currencies.
Isn't it brilliant how, in the midst of peak oil, we fostered economic policies that would make it even MORE expensive
Banana Ben Bernanke obviously doesn't understand the concepts of peak oil and peak resources. QE devalues the dollar and leads to higher resource costs. He's never run a business and doesn't grasp the concept that when resource costs escalate, corporate profit margins decrease, which in turn causes companies to layoff workers. With his myopic focus on pro-bankster monetary policies, only a handful of Wall Street insiders will benefit, while the rest of America goes bankrupt.
Silver Manipulation Quiz - ANSWERS!
http://www.roadtoroota.com/public/223.cfm
Great stuff! Thanks.
Very interesting, compiles a lot of information in one place.
Wow, talk about classic psychopath lines. That's a 100% signal the knife's about to go in.
yeah, no shit. What's the first thing you say just before you attack.. "C'mere, I'm not going to hurt you"...
I've got this cast on my hand, how about helping me load this recliner into the van?
Something is just not right here. For one I don't trust the Fed never have never will. What they are doing just seems unreal, and maybe it is. I belive the banks bought the market 2 years ago. Just like in every crisis, the banks with there free fed money come in a bid the stock market higher when know one else will. I believe the Fed is telling everyone they are going to poor this free money into stocks to free up any sidelined money to come in so the Banks can unload there inventory. The more I think about this the more I'm convinced the banks will start unloading.
Well look at the American middle class. Is there a correlation between what the FED is doing and the disappearance of the American middle class? I believe there is. Wealth transfer in progress here. Baby boomers worked all those years saving for retirement and now it is being stolen, right before their eyes
Not if they had the foresight to get out of dollars and into PMs!
@Snidley
So what are we talking here, one out of a hundred? five hundred?
You really think the average RN, investing through Fidelity or AIM or the like, ever got a call from her "expert" telling her that her dollars will be worthless just about the time she needs them most?
Yes a lucky few will have protected themselves but whom do you think will be taxed to feed the majority that didn't?
well said, makes it that more criminal and disgusting. How many of us have tried hopelessly to get family & friends to listen
is there anything more natural than to "trust the authorities"? we simply are not conditioned as Americans or brought up to think "the guy with the badge is the bad guy" (nor should we be of course) and indeed are laughed at and called "crazy" for thinking "the folks in charge are throwing us under the bus en masse." You've really gotta "be the five points" in order to understand such...i don't knowwhat to call it--"an undermining of legitimacy"? i mean talking about "making you laugh but this ain't funny"...
Bring on Ireland
He is not Simon. He is Simone.
Holy cow, EUR/USD over 1.42. Seriously huge move. Pressure cooker time.
did someone say genocide?
history is (re)written by the victors.
http://www.rense.com/general86/realholo.htm
Don't forget the other little news plant earlier today: Bloomberg: "BNP grows to biggest bank as France says size doesn't matter"
http://www.bloomberg.com/news/2010-11-03/bnp-grows-to-biggest-bank-as-france-says-size-doesn-t-matter.html /p>
Banks; the heart of the socialist state. The dream of free men is simply that, a fucking dream.
This is like Charles Ponzi having complete trust in Bernie Madoff...
Logged in just to say - nice.
"Trichet trusts the Fed"???
He must feel a need to keep the SIV funnels open to the ECB. Degaul must be turning in his grave.
You don't think Trichet gets (Portuguese, Greek, or) Irish TV?
Degaul must be turning in his grave.
Yes, but not spinning. The nose acts as a wedge.
For the banks to unload there massive inventory with out driving down prices this Federal Reserve QE2 is just wants needed to pull in more sidelined capital. This is how it always happens just under a different disguise. They must lure in the greedy with the temptation of risk-less returns. They have fooled the public one to often over the past ten years so something real special is needed to lure them back.
Didn't we throw the free spending bums out yesterday?
You're living in the past.
DIDN'T WE JUST BAIL OUT THE BANKS! (Aren't we in a way "blowing them up" now, too?)
The elections are over. Two days ago.
Say, who do you think is going to win Dancing with the Stars?
Just think what people free cash are thinking right now. Man we can't miss out on this, lets get back in the market the Federal Reserve has out back come on another bubble is brewing. The market will keep rising never a down day people will get sucked in just watch, fear and greed cannot be helped.
Does anyone know of a para mutual gambling site that lets punters take a gamble on the order in which US States fail ?
I want to put in for a trifecta: 1. California; 2. Illinois; 3. Florida
thanks in advance !
Intrade (www.intrade.com) has futures-type predictive markets for default by 4 states: NY, NJ, IL, CA.
They are thinly traded, though.
Whatever comes out of these gates, we've got a better chance of survival if we work together. Do you understand? If we stay together we survive...
You have to put your trust in people who are smarter than you are. Ben is smarter than Trichet. Trichet obviously road the short bus to his school of economics.
rode
Smart people make better liars.
I recently ordered a few 1/10 ounce philharmonics to be used for trade in the event of a possible hyperinflationary disaster.
Listening to Trichet he wants Ireland to sacrifice everything on the alter of bank balance sheets.
He wants no credit to be supplied to basic industry and utility formation - everything must be thrown at the black hole of bank balance sheets...... unbelivable stupidity or malice - I am not quite sure.
Not even Dumb and Dumber are that stupid. It is either malice or "I was just following orders! [given by a malicious ****]".
I agree.
We are the dumb and dumber if we ever begin to believe that these sociopaths are dumb, stupid, incompetent or what else we wish to believe to push aside the horrifying idea that they might just be doing this deliberately.
No one wishes to believe that their father is a child molester or their mother is a two dollar whore. No one. Thus we repress what we don't wish to believe. This is our Achilles Heel.
Once they decided to ban bond haircuts, everything else just follows like night after day. Tragic. We heard that Ireland was contemplating some writedowns for bank bondholders. Any chance of that happening? An opportunity to purge, cleanse the bad debts by partial default? Looks like the market's already priced it in, why wait?
Yea if bank bonds got decapitated back in 2008 we would not be crushed by debt now as bank bonds were many multiples of our fiscal debt - yet this bankster goverment are doing their very best to fill us with all their bad paper both directly and indirectly - however the banks were / are so much bigger then the ability of taxpayers to pay.
I am beginning to think the CBs have seriously overshot due to their greed - destroying the productive economies to such a extent that they find it unable to extract revenue.
However they seem prepared to destroy everything to get a return. People here feel guilt due to their credit binge and are prepared to accept austerity to build capital but not to rebuild bank balance sheets.
That sort of greed was commented on in the tale ascribed to Aesop in the story of the goose that lays the golden eggs. That story goes back to antiquity and everyone is familiar it. I recall being quite shocked and disgusted when it was first told to me as a young child, and I didn't believe that anyone could be so stupid. However, this fatal flaw appears to be a characteristic of our species, that we can never, ever be satisified until we have destroyed the thing that makes us rich.
"sacrifice everything on the alter of bank balance sheets" - I thought that's the policy everywhere?
Yes but it is truly off the scale in Ireland - try a 30% loss in GNP when you factor in the long term productivity of the economy and you get the picture.
We are their most extreme petri dish of globalisation / banking / off shoring and the results are impressive - they seem to have the ability to manipulate the redneck bacteria to extreme levels.
Perhaps if we had one master things would be simpler but we are caught between Anglo buccaneers who want their bounty and Continental priests who require tribute.
He's "supporting the Union." We lost 1/2 a million Americans in this "cause." I've been told "the USA is a superpower." You tell me "Dork of Cork." Are we?
What the Fuck are you saying , who, where ,what are these quotes.?
There is no structure to your syntax - tell me are you unhinged , drunk or both.
Well with TARP, Stimulus 1.0, 2.0 and hidden, and QE 1.0 were all announced, the President and Finance Minister of Zimbabwe came out and praised our moves.
This must make them positively orgasmic.
F* gold, for many of us we should be looking to silver, ammo and dry goods.
I subscribe to this. I have a very small amount of Gold, just in case. The rest is "check".
Central Bankers as "the money burners"? ARRRRGGGHHHHHH!!!!!!
"Note to Fed -namby-pamby won't allow you to realize your goals,"
-David Ader, CRT Capital
Bloomberg: Bernanke said resuming large-scale asset purchases should boost economic growth through larger borrowing costs and higher stock prices and that concerns about the strategy are "overstated". 'This approach eased financial conditions in the past', Bernanke said.
(Bea.gov): Personal income decreased $16.8 billion, or 0.1 percent… Personal current transfer receipts decreased $21.5 billion in September, in contrast to an increase of $35.1 billion in August. The September change reflected the effects of unemployment compensation legislation, which reduced emergency unemployment insurance benefits by $25.5 billion at an annual rate in September, after boosting benefits by $20.5 billion in August…Real disposable income decreased 0.3 percent in September, in contrast to an increase of 0.2 percent in August.
Quelle surprise! The demand restoration project is still not working. Hoocoodanode?
Once again, here are the top ten reasons why this ends in tears or (hopefully not) fireworks...
10. Nancy Capitalists in a Sovereign Democracy that are Hell Bent to Seek Rent.
9. Although we walk through the Valley of Debt we fear 'No Easing'.
8. Socialized Guts will lead to diminished glories.
7. Failure to liquidate the insolvent banksters has led to the liquidation of a large part of the productive economy.A taxpayer financed bailout of rich folks' bad speculative bets has resulted in zombie banks and zombie customers... a fiscal tide that lifts no boats.
6. The cold hard fact of our age is that the bankrupt ideology of the rich that had greatly succeeded in drafting the inner monologue of regular folks so that they would vote against their self-interests is colliding head-on with a Mr. Market that is a bit pissed off that we've inflated it out of the business cycle for the last quarter century.
5. Mr. Hand's strong dollar policy is the chimera of currency debasement masquerading as America's wealth exporting machine that is regularly promulgated by our leaders as an exceptional example of America's resiliency.
4. Yes Virginia, there is no collateral.
3. The government is 'all in' and can't pull out.
2. Employment, inflation, productivity, GDP, and other sundry stats are massaged into irrelevance ... the markets are rigged.
1. After World War 2, our blessed leaders, impressed by German 'organizational' skills crafted a policy of manufacture of consent.Over time these techniques moved to the economic realm in an attempt to manufacture content.Federales now risk the manufacture of contempt, for it is only a Great Depression if they say it is.
Bernanke institutionalizes the concept of PPT, tinfoil hat comrades?, as the pablum narrative collectively shrugs. The continuation of QE1 is estimated as the equivalent of cutting the fed funds rate by three quarters of a percentage point, per the Fed, and even double this amount would result in no more than a .2 percentage point drop in the unemployment rate by 2011, per Macroeconomic Advisers.
One neither need have stayed at a Holiday Inn Express last night nor need have worn a Sherlock Holmes costume on Halloween to deduce that The Fed's mandate of reducing unemployment is unattainable.
What then of the fabled stratagem of 'price stability'? Stability where? A special sauce applied to the trillions of bad meatballs at the insolvent banks where the excess reserves are nothing but DIP financing for a generational workout? That's the deflationary chasm that has already been disappeared from the ojos of us mere mortals - QSPEs and VIEs existing only in the realm of the Google Cache. Stability through debasing our standard of living for a Potemkin recovery where the commons can enjoy prices declining in things they want but can't afford and prices rising in things they need but can barely afford? Ah, say our solons, stability per the pablum narrative description of Federales Psych ops, the clever chestnut of 'portfolio balance'. The Divine Might of Wizards through buying bonds will increase the 'demand' for those hell bent to seek rent in equities, thus trickling household wealth and the resultant spending to the surplus eaters.
But households only have about 7 trillion in equities and if you calculate equities going up 10% from here that translates into about one-quarter of one percent of GDP.
As the Oracle of Eccles goes on his speaking tour over the next few days what will be said is, given the slack in the economy we have to do something... we have the technology to reduce this portfolio... Washington needs to get its' house in order... and the world needs a vibrant and growing America.
What won't be said is @#$%^#$#%$% I pray for the day when I can declare victory and walk away.
And the Nancy Capitalists with their chalice of confidence raised toward liquidity's faucet chortle, 'It's Raining Ben! Hallelujah! It's Raining Ben!'
The Grand Illusion and the Public Myth, flashed before our TV eyes at the astounding refresh rate of 30 times a second. The spell has been cast and the trance is nearly complete. Who the hell needs lifeboats, I'm going down with the ship like real men do.
What part of your tantrum has to do with free markets and capitalism? None of your laments have to do with capitalism- maybe socialism, maybe monetarism, maybe governmental abuse through kleptocracy and plutocracy, but not capitalism.
You are being stolen from, because you lack the character to do anything about it. You complain, but fail to act. You bemoan the actions of rabid bankers, while you count your FRN's.
What did you expect? That these people would play fair? They wrote the rules to their advantage. They presented you with two choices of the same person to discuss and codify their rules while telling you they were working for you- and you believed them.
If it upsets you so much- do something about it.
They presented you with two choices of the same person to discuss and codify their rules while telling you they were working for you- and you believed them.
Agreed.
On Tuesday, we went to the polls. Wednesday morning, we awoke to an electoral map that had changed from a mixture of blue and red, to almost entirely red. Wednesday afternoon, BenShalom announces debasement/debt monetization to the tune of $600B over the next 6 months. By Thursday afternoon, not a single newly elected official, many of whom ran on a platform of fiscal responsibility, has held a press conference to stand up and say,
"Whoa, Ben, not so fast there buddy. I may not be able to do anything about November and December, but you my friend will not be spending any more money after January. I came to Washington to change this behavior. That's what the people elected me to do."
Two days. Wow. Simply fucking amazing. I wondered how long it would take for the new crowd to become the same as the old crowd, but never would I have imagined it would take just two days. Two fucking days. I weep for America. I weep for my country that no longer resembles in any way shape or form the America I was promised in second grade.
I have to go over to youcut.com now, and cast my vote for fiscal discipline. Maybe we can get rid of government waste by eliminating some $1M grant to study the effects gay hummingbirds have on alfalfa production in Indonesia. Ben can keep his $600B.
How many Americans even realize the difference between a million and billion? Over the years I've asked many people the question and most don't really know and/or comprehend the answer. A million seconds is roughly 15 days. A billion seconds is over 30 years.
I hate to say "I told you so!", but I have been repeating on here for months that the only solution is for the States to dismantle the Union and retrench the 5.4 million "useless eaters" in Washington, DC. "Voting" (dropping a slip into the Suggestion Box For Slaves) will never achieve anything.
Washington is Too Big To Fix!
The State Houses are no better -- with their bloated and bankrupt bureaucracies and their obscene salaries and pensions -- but divide and conquer first.
[edit] I just heard Dr Paul Craig Roberts, on the Alex Jones Show, agree with me that the current system CANNOT BE FIXED!
Someone who has the requisite juice needs to insert the promo poster from that movie "The Crazies" here.
Another Western Pennsylvania apocalypse by George Romero filmed in a town near me. Just one more reason why I am always prepared to confront zombie hordes.
"Crude oil prices denominated in dollars have jumped 19 percent since Aug. 31 and are up 6.3 percent in euro terms." From Bloomberg
This sums it up nicely, inflation targets and GDP growth at the expense of real wealth....what do you do after 6 months Bennie?
My theory is that the high oil prices brought on by yield chasing and excess liquidity is the straw that broke the consumers back and triggered the housing crunch. (not to say it wasn't inevitable)
This is a long term game and EU will take some short term pain but win on longer term. OK they are playing the same game at lower levels, but at least they are talking about exit strategies, not juicing the inflation.
US will get margin pressure from inflation and put a future crunch on job growth.
STOP THE MADNESS
You cannot stop madness, you can only kill it, in hopes the new madness will be an improvement. You refuse to kill it, because you are afraid of the unknown. Until you are ready to take a risk-you will succumb to despair.
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