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For want of a bond haircut, the West was lost.
Actually what we need is a beard trim.
With a guillotine.
The day after QE2, everyones already looking toward QE3 and pricing it in, pure madness.
Ben is mad.
Ben is glad.
Ben is sad.
Ben is rad.
I doubt there will be a QE3 - mainly due to this paragraph:
"The Committee will regularly review the pace of its securities purchases and the overall size of the asset-purchase program in light of incoming information and will adjust the program as needed to best foster maximum employment and price stability."
Essentially, Mad Ben can adjust the amount on a monthly basis, the total amount, and furthermore retains the right to adjust the program itself, i.e. he can theoretically extend it and decide to buy alternate asset classes as well under the guise of "required adjustments".
The fall of the Republic accelerates
I'm kinda thinking the whole idea of a Cascadia Nation may gain a new head of steam. Alaska, British Columbia, Washington, Oregon and Idaho would do much better by themselves. Tap into all those natural resources that Uncle Sam and the enviromentalnuts have locked up. Bye bye banksters... it was fun while it lasted! Fiat currencies need not apply. We've got plenty of gold and silver!
May I join. I have always loved Couer D'Alene, especially this time of year.
Can we pick someplace warmer? I hate the winter.
Fuck Oregon and take Alberta and the Yukon.
If that were the choice I would definitely go with Alberta and the Yukon over Oregon. Oregon has some great farmland and the coast is nice too. Too many liberal weirdos though.
a nation of asshats in a cold region. Enjoy!
Actually, what you "really" want is Alberta, Saskatchewan, North Dakota, South Dakota, Montana, Wyoming.
Look to the future.
I would add Wyoming and Montana to the mix. Subtract Oregon, which is bankrupt and full of worthless liberals and high taxes.
The only problem is that all those erstwhile Cascadians are heavy on the fruitcake factor, and would have trouble agreeing on how to organize a barbecue...
Ahhh..ck. That comes from worshipping the "Queen"...
Too much curry there. They even use it as an antibiotic.
Best places... Santiago Chile, Quito Equador, perpetual spring weather.
Obama, 34 warships and the entire executive branch of US govt in town at $200 Million per DAY.
It's pretty crazy, with so much need to be at the helm, here he is in India.
Tells me two things:
1) Something is going down in DC
2) India is somehow important. How? Fake china foil? Defense billions? Proxy?
And as usual, massive lockdown and staged appearences wherever they are going.
Maybe he is meeting with Pakistani or Afghan officials to negotiate the end of the war in Afghanistan.
Just a thought that popped into my head.
Looking forward to your on the ground reports on Maharajabama's visit.
remember the East India Trading Company? meet the 21st century version.
or maybe they're bringing back some elephants for the circus?
second chindit's request for ground reports ORI.
The teleprompter had to give a speech.
Wall St has been watching the JG Wentworth commercials on CNBS.
"It's my money and I need it now!"
forget about QE#3 I am positioning for QE#4 gold and silver must be bought!!!!!!!!!!!!!
So Long, Timmay.
First line: "We're starting a Tim Geithner death watch."
Yeah, no kidding.
Wish it were Bernanke.
a bit out of date, aren't we,
with the royal bank of australia?
From the first minute that home prices started to collapse,
it being evident that an unprecedented calamity was upon us,
I was in favor of the dramatic and unfair act of forgiving ALL debts,
or at least all home mortgages.
Had they done that at the time it would have cost them less than TARP, plus QE 1-to-infinity ....
its probably too late now ... even a child can figure out, sooner or later,
how to get out of a chinese finger trap ...
bankers lack something in their heads, I'm not sure what it is, but they sure lack something ....
How has anything COST the bankers? They have their jobs and bonuses paid for by the taxpayer through the FED.
You mean it cost the TAXPAYER?! yeah.....
The constant comparison between Japan and the US (Lite/heavy, whatever) is silly.
The US is it's very own basket case, with intractable problems all coming to head together, driven by a mad machine of bought up politicians, phony elections, a controlled and sedated polulation, no manufacturing....
Plus, the author has a rather sanguine look going forward. Where is the current 6 sigma level risk of geo-political and/or geo-logical triggers factored in?
Or is that kind of thinking only for nutters? Like me!
Fox keeps showing riots, (Or at least while I run at the gym), usually of Greece or what not. I have a feeling it will be 100x worse here, mostly because we have (pick a number) 10^nth time more guns. When SHTF any idea where the best geographical location will be?
Fox will show no riots in the U. S. unless there are signs with Obama and a swastika motif. Every junk I get will be an affirmation that you agree!
The Mountains. Smaller population easier to self sustain.
da swamp -
We have -
growing seasons all year
food everywhere (wild pigs are now a pest animal here we have so many)
easy to control roads
tough terrain and heat ensure softies will not come here
Best for what purpose? For how long?
The idea that any of us will ride this out comfortably is probably a reach. Apart from the Amish, who never gave up on simplicity, I don't think a single one of us will find ourselves prepared for vast, crushing austerity.
Dewd, the world is coming to an end and you haven't got a gun yet?
If you get in a tight spot, call 9-1-1 or the suicide hotline -- the government is always there to help you.
Correct. If the phone line (or cell connection) still works, they will sympathize with you while you are being raped, sliced into pieces, grilled to a golden brown, and eaten. If you want to know what's coming, learn about the "Reevers" (?spelling?) from Firefly.
If that doesn't convince you to buy guns, ammo, grenades, cross-bows, sling-shots and more, nothing will.
Seriously -- away from cities. Like Mtns of TN, or some such, East coast.
Montana or Idaho, West coast.
You'll find: Small local economies, self sufficiency, friends are tight, can take help care of each other and handle guns. The bonus is the scenary and climate is good with minimal energy requirements. You'd never know anything was going on in those places, especially if you have kids.
BB may have a harder time killing the dollar than most think. There are many factors involved, but it's not even clear that the elites (and by proxy, the Fed) want to generate inflation, or if they do, that the Fed can accomplish this goal politically or economically.
In theory, the central bank cannot always generate overall inflation, due to "transmission inefficiencies" (but they always create bubbles).
However, a central bank can always generate hyper-inflation, because hyper-inflation is qualitatively different than inflation (similarity of the terms notwithstanding).
Hyper-inflation is when folks increasing refuse to "play the game" with a currency, and demand payment in other forms (gold, silver, platinum, palladium, nickel, copper, lumber, wheat, sugar, corn, or other backed or unbacked currencies).
And "killing the dollar" is hyper-inflation, not inflation.
How, may I ask, can you kill something that shows no signs of life?
No problem, I have chickens I can trade.
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