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An entertaining, and no holds barred fictional look at what America's post QE4 future may look like.
Released by the NIA.
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I think it's "waist." But be that as it may, there are people here who frighten me. You are one. It's like a unibomber manifesto in one sentence or something.
That begs the question, how do the Chinese type out a winking smiley face?
!)
That's hilarious.
When you come upstairs to pick up the cocoa mom made you check and see if she looks anything like this..
Hourly and nightly rates for the high end escorts in Manhattan are soaring to all time highs
Duh, the SEC is in town.
Look - Manhattan Escorts accepts Euros...Sweet!
And the exchange rate is 1.55 if you know what I mean
Suddenly I'm experiencing inflation.
EVERYONE experiences inflation over Thanksgiving.
And Valentines Day evening ;-)
...and here I was, sitting wondering what I want for xmas...
I'd hit it!
And the folks off S, Main are thankful someone is buying the dope and dates
"Sofia provides outcall escort to upscale gentlemen and couples in New York City, NYC, New York, New York."
Who said three's a crowd?
I'll simply post Barry's reply to what sounds like a typical ZH post:
BR if I have to point out a person who “interprets” the data to fit his thinking that will have to be you. Now if the recession is over and recovery is here why is:
1) The FED went into QE2?
2) Home sales still in the crapper?
3) Unemployment at %10
4) Ex-inventories we had a 1.2% GDP
5) California still broke
6) Interest rates still at ZIRP
Now you make your living in the stock market and from your perspective “your” worst is over but for the bast majority is not. And yes regular people will go out a shop in droves this season but will the keep on shopping after the season is over?
~~~
BR: 1) QE2 is a response to credit collapses taking 10 years to heal;
2) Home sales are no longer falling at 10-15% per year;
3) Unemployment is 9.6%, down from 12%
4) Ex-Strikeouts I was a 400 hitter
5) Most states are broke
6) See #1
I understand that this is a sub-par recovery, Fed/Treasury driven, with only very modest organic growth. But recognizing the difference between a recession and a modest recovery is a skill set many people seem to be lacking . .
He is saying exactly what I have been saying since late summer.
If you actually read his response you might notice that he doesn't refute any of the points. Of course, he, like you, is entitled to his version of reality.
That is one entitlement program that is close to its end.
Then, poverty for those dependent on it.
and riots shortly after
I started to say "don't waste your time on him" but then I realized I enjoy watching a good smackdown.
u should really cover the back gates mate... this thing can extend until no permabear is left (re: pretcher - where is he by the way - rosie, and you)
never pissing against the wind after 2000 (re: nasdaq)
In the late 40's the US debt as a percentage of GDP was much higher than now yet we managed to bring it back to sensible levels. Why do think this time will be different? We're not even close to that ratio right now.
We don't have a manufacturing base any more, and we had GOLD back then.
We also didn't have huge entitlement programs sucking down all of our national production (what little there is) and a good portion of our imports.
there's a lot of stuff we did have and now don't and a lot of stuff we didn't have and now do. Harry forgot that obscure lesson of history that things change
We were also pumping our own oil back then...
True, but it would also be correct to state that my grandfather was pumping Ethel.
Zackly!!.. And those things are just for starters..
Harry.. you're kidding, right? This hollowed out eggshell that used to be a productive economy now produces two things: debt and over-paid federal employees
Slam dunk winner at the buzzer!...why read further?...LOL.
Actually the American still produces what it has, relentlessly since 1917, war. War is a production whose ultimate goal is destruction so it can facilitate re-construction.
The game, for the 20th century, was simply that. The manufacture and export of war.
Unfortunately, the time to pay the piper might be now.
ORI
http://aadivaahan.wordpress.com
PS: How many people here know that Albert Einstein was the biggest lie sold to world of science and the larger pubic, I mean public? It's relevant, actually.
O.K., I'll chase the lure. Please explain the Special Theory of the Einstein's Lying Fibativity.
[ also, comment on why you hang out with all us paler folks ; ) ]
Aha! How appropriate that you, of all the people, took the bait, eh?
For the Einstein story, may I recommend a short book (pdf). Well researched. I've read a few others on the subject. It covers the basics and all the facts check out.
Wonder what your opinion will be:
http://www.jewishracism.com/SaintEinsteinChapter1a.pdf
It has a lot of joos and zyonistas and all, just so you know.
As for you palefaces, I have nothing but affection for. Regardless of hue (or cry actually). I found my voice in the US, have great friends there. It's not you, it's the system I can't stand. The Bay Area woke me up good and proper and I couldn't stand living in the system, the ugly side of which is now surfacing, anymore.
I even married two of your lovely women. ;-)
One of them in Vegas, to boot!
ORI
http://aadivaahan.wordpress.com
Ah, the Jew-ish, an Ashkenazi-Edomite amalgam.
They will have to pay, but not to the piper, in other ways:
"Behold, I will cause those of the synagogue of Satan, who say that they are Jews and are not, but lie-- I will make them come and bow down at your feet, and make them know that I have loved you." Rev. 3:9
Yahweh is going to bill them for the genocide of our Sephardim children.
at that time clark gable was alive harry, this time is different :)
you will get hugged by the next bear sooner than later and start your journey to the paradise try picking bottoms one by one... enjoy your journey in advance...
Yeah, we just need to bomb the rest of the worlds productive capacity to smithereens, and the US will be back in business!
-1. Don't give them any ideas. When all you have is a hammer...
Harry,
I generally enjoy your contrarian views, sometime's I learn something from your posts. But you step in the shit with posts like this. We had just destroyed the entire worlds manufacturing base, we were alone as manufacturers. Unless we get to destroy the worlds machinery again with no loss to our mainland while we rebuild the manufacturing base we have shipped overseas, it will not, cannot happen..
yea guys comon, seriously. Harry is right.
Step 1: Government spends more than it ever has before as a % of GDP.
Step 2: 8 Years of deflation and record unemployment.
Step 3: Global War
Step 4: ????
Step 5: Profit!
Fiscal free lunch! Plus, the models say its true and they've never been wrong before. No reason to start doubting them now.
In the late 40s US Govt debt as a % of GDP was much higher than now. But private debt was far far lower than it is now, it was the lowest it's been in the 20th century. Total debt (public+private) was much lower than it is now, it is the highest it's ever been.
1947
Govt debt: 110%
Private debt: 60%
Total: 170%
2009
Govt debt: 80%
Private debt: 300%
Total: 380%
What matters most are private debts : there has NEVER been a sustainable recovery without private debts increasing. Now that private debts are at the highest they've ever been and it will take several decades before they are back to a level where they can start growing again you can rest assured that there will be no sustainable recovery in that time.
It all describes a narrowing economic base of activity. The markets will follow the economy down when investors see that the soldiers have mutinied and aren't chasing the false equity charge.
I think that's what bothers me the most about the Harry/bullish argument - it's based upon a very narrow concept of a 'recovery', much of which is dependent upon inflated asset and capital market prices. It also ignores much of the severe trouble on the horizon.
1. Harry's state (Washington) has to cut $900 million from its budget through this June, and 18% from the next 2-year budget.
2. No part of the economic structures that got us into the mess have actually been fixed, the only offered hope is based upon dollar debasement, asset prices, etc. We are no closer to an industrial policy, or any national consensus on sustainable economic policy. Consumerism is the one great hope of our policy leaders.
3. Meanwhile, millions of our fellow Americans are suffering great economic pain, while Harry's version of recovery only serves to increase the divide between the rich and the poor.
4. Lastly, great damage, IMHO, has been done to the psyche of the country with the moral hazard, banker bailouts, etc.
An economy driven by government largesse, consumerism, and empire building isn't sustainable, and only works for a narrow rentier class...
p.s. look at that late ramp into the close...
Awesome! Just gave the order to pull $20G out of my IRA to pay off debts and buy some S&G. The way I figure it the tax and penalty total 35%, which I figure will be better than the taxes I'll pay in the future. Now I'll be able to put more of my paycheck's aside to buy more gold, silver, ammo and toilet paper. There are so mant things to think of that are needed. Part of the problem I've found stockpiling things is that medicines go bad a lot quicker than you think. I purchased a couple of the 500 count bottles of ibuprofen because they were on sale. When I went to open the second bottle it was already expired. They only have a good date of about two years. My thought was how real is this expiration date? Do they really go bad? Why sell bottles of 500 in 2 packs if they are only good for 2 years? I'm willing to bet they are probably good for 5 years at least as long as they are kept cool and dry. Any valid info on this?
From what I understand, the do not go bad. Virtually all medications if stored properly, are still good, long after the expiration date. Don't quote me on this, but i believe the Fed Gov requires some type of expiration label, so big Pharma is more than happy to apply arbitrary expiration labels...time to buy more!
Expiry dates are always conservative. The ibuprofen is probably fine after the expiry date--perhaps for years.
Some drugs are more labile than others and even for a given drug, some formulations may be more or less stable.
Store in a cool, dark, and dry place.
You can research individual drugs to get an idea of stability and what causes them to degrade.
e.g.
http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6TGX-46SWC4S-D&_user=10&_coverDate=10%2F15%2F2002&_rdoc=1&_fmt=high&_orig=search&_origin=search&_sort=d&_docanchor=&view=c&_searchStrId=1556010304&_rerunOrigin=google&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=9fc47ea9606db42f6cd60fac7e966408&searchtype=a
"Abstract
Ibuprofen is a widely utilised analgesic anti-inflammatory drug. It is sensitive to oxidation and photodegradation. In this work, the oxidative and thermal degradations were investigated. "
This would suggest that storing ibuprofen in the absence of oxygen would enhance stability. Vacuum pack or store in sealed container under nitrogen, argon, or even CO2. Bottles of these gases are common in the beverage and welding industries. Some are even marketed to yuppies to help keep open wine from oxidizing.
Think of it this way - all debt to be serviced, all unfunded liabilities, underfunded pensions, tax rates that can only go up, interest rates that can only go up, rising global energy squeeze, etc. etc. are not factored into forward GDP. If we are unable to grow significantly through demographics (seems we are slowing) then we must either reduce payments or make payments. Either way, people now pay more for others to have money now (net negative to GDP through higher taxes) or people don't pay more but those counting on that money don't spend nearly as much as anticipated (net negative as these folks liquidate to live rather than consume / expand)...unless you believe as this video does that America will simply try to print it's way out of this issue?
Please see my post above regarding federal debt to GDP ratio.
We worked through much worse before, we'll work through this. Imagine if we had ZH then? Wow, perma-bears would have been torched once again.
HW,
coming outta WWII, there was massive debt (like now) and there was massive undersupply globally. America stood ready to make everything for everybody (who's factories lay in ruins). We built and revamped war time to peace time manufacturing. The boost of construction and manufacturing was stupendous. Energy was cheap and allowed for global trade like never before.
All Gov debt was owed to american citizens and was paid (via taxes) leading to a private spending / investment boom. Taxation was ok as we the economy was working from a relatively small # so large GDP growth was possible. Large wage growth also took place (soon to be replaced by dual income earning households to maintain buying power).
Little to no unfunded liabilities existed...a massive baby boom lay ahead for spectacular demographics.
Blah, blah. The only correlation the debt to GDP then and now are the headline numbers...everything else underlying it is different.
Harry,
actually what is possible to somewhat duplicate the post WWII growth would be a drastic protectionist agenda - boost duties and import tariffs on all imports over a year or two year period. This would require all factories, supplier base, etc to be built and employment to run these. Dollar would tank but so long as there is a plan to rapidly swap over to nat gas to supplement US oil, this wouldn't be a problem. Then we truly could just pay off all debt w/ pure printing. US can easily feed itself and enuf energy, metals, etc. to make this work.
Only fly in the ointment is this will surely cause a greater depression worldwide and potentially WWIII or just terrorism on steroids.
But it's an option.
I guess another option is that the world PTB are all in collusion and will allow US to print our way out of all this debt (against forever farther out tax receipts) because what other option do they have? China, OPEC, etc. all forced to accept dollars no matter how many to maintain their power? Euro in trouble, print more dollars. No wage growth, print more dollars. This actually seems a bit too tin foily to be believable but never know.
harry this thing will explode like nasdaq all over the place and u will go the paradise on the lap of one super-perma-bear hugged:))... no kidding...
coz u are the icon of heroin-high, delusioned, euphoria feeded piece of cattle... you will never believe the bear market has come, trying to pick bottoms until ground zero of your bankroll...
enjoy your journey
'Worked thru much worse before'...you live in a fantasyland Harry.
He's right we could work through it. Wouldn't be nice and would take massive unity of effort, vision...but we could. We all know the reasons we won't but always best to think of how we could rather than why we can't.
Give Harry his due he wants to know why can't we? instead of why we can't!
How about "why should we"? This debt is created by bankers for bankers. It is held in FRN's and the FED's balance sheet along with other foreign central banks balance sheets. Fuck 'em. Default and go to a sound money banking system.
I could care less if every banker in the world is begging in the streets. They aren't productive- they merely live parasitic lives while enjoying the fast lane.
I have no intention of defending them, protecting them or paying them.
Amen brother! Why would slaves pay the costs of enslavement?
Go Iceland!
Ecrasez l'infame, buy some more silver...
.
You handing out Bill & Melissa's money again.. All pumped up..
Harry. You're a smart guy. You're making some money. Now STFU. You need to add in SS and Medicare to your little ratio, and then we'll talk.
We'll talk about how we were THE world's manufacturing base.
We'll talk about the how US people were a helluva lot tougher and a lot less "entitled".
We'll talk about how oil was cheaper and easier to get at.
Your comparisons are off kilter.
yes the market and the QE2 has the fund managers right by the balls.
spoke with a former colleague of mine in Caracas just befor leaving on Tuesday - apparently a number of hedge funds are starting to get BIG margin calls due to exposure on USD short side. People appear to have swallowed QE2 hook line & sinker. If USD gets a bit over 80 - look out -> will be fast & furious Tokyo green!
http://www.forecastfortomorrow.com/news
Barry , who Barry?
Barry Soetoro.
He's commander if chief of all Internet shills, trolls and Kool-Aid vendors.
Some where in British East Africa a village is missing it's pendejo
+ 1 Hahaha.
Pinche pendejo indeed.
Or kuma fala, if you will...(swahili)
Didn't he work at the law offices of Pinche, Pendejo, and Maricon?
Home sales are no longer falling at 10-15% per year;
Median Home Prices Worst Since Great Depression:http://www.zerohedge.com/article/median-new-home-price-drops-lowest-star...
3) Unemployment is 9.6%, down from 12%
FOR UNEMPLOYMENT SEE U6 AND REMEMBER EVEN THAT DATA IS EXTRMEMLY CHERRY PICKED (ie manipulated)
4) GDP is horrible and likely manipulated.
"Most states are broke", and this is bull 'ish for you?
If you like data, check out this Doug Short piece from August comparing the Great Depression to the 2000-2010 market in nominal price, real price, nominal total return and real total return terms. We're doing great if you liked the Great Depression.
http://www.advisorperspectives.com/commentaries/dshort_082310.php
We're still about 20% down from the highs. Some here like to adjust using gold as the metric. That's very painful to see. I like your optimism, like the accident victim who really enjoys the smoothie that is all he can drink, or eat, through his wired jaw.
My simple words to other simple people: Go ahead and stay diversified but adjust your return expectations to ZERO REAL across all asset categories. As long as the elites have sabotaged the markets and the country, i.e. as long as there are no bond haircuts (you're not dabbling in MBS or related derivatives are you???), we'll see volatility but no real growth.
... and gold is up another $200 (despite a concerted effort to suppress the price) over this period of organic growth... hmmm
that's nitpicking isn't it? - N. Tuffnel
http://www.youtube.com/watch?v=-ruDdcd8G-g
Shit sandwich, Harry. Stop pretending youre eating filet mignon.
BTW good post Tyler. Harry needs an 'ignore' button feature next to his posts.
i junked you tyler, for this statement:
that is December,
christmas, bitchez†
how do you do this "squary thing"?
By quoting (empty) spaces...
LMAO
+ awesome summary
One thing I would add is that Western governments are working hard to harness any dissent. I came across this comment re the UK student protests today and realized it sounded very much like stories I heard from the Toronto G20 protests:
I have finally returned home after being imprisoned on Whitehall for 8 hours. I was at the march from the very beginning. I am not a student myself, but after having graduated 8 years ago and still struggling with the 17k debt my studies have left me in I wanted to peacefully march in solidarity for those students who are going to find it a lot harder to have the opportunity to learn than I did. I saw the boys who graffitied the lone police van (I find it very hard to believe that the police were short sighted enough to leave one solitary empty van in the middle of a march, it happened to be an old van that they could probably sacrifice too so it was very clear to everyone there that it had been left as a provocation for vandalism) I am a law abiding professional citizen and what I experienced today was a very cleverly manipulated situation to provoke the young people into creating a riot that would never have happened if we hadn't been kettled in like animals. It was freezing, there was no where to pee, people were exhausted and hungry. If you lock 1000 people most between the ages of 16 and 19 years old in a small space what do you expect will happen? The police just stood by and watched their well crafted scene play out before. So well done the coalition and the police you got the retribution you were looking for, you managed to dishearten a very intelligent, passionate group of the youth of your country - and inadvertently create a pretty good opportunity for some anarchist training.
This would have been a mostly peaceful protest if it wasn't for the outlandish police tactics that I experienced. I was disgusted by the police behaviour but very proud of the young people of our country. As I was finally released from the enclosure I began to cry, a police officer came up to ask if I was alright, I said the state of our nation made me sad, he said he didn't agree with tuition fees either, I said he shouldn't be wearing that uniform today then but marching with us, he looked at me didn't have an answer and had to walk away. Please people let's not just walk away from this....
http://www.guardian.co.uk/discussion/comment-permalink/8516198
Aside from that, Mrs. Lincoln, how was the play?
Harry,
still don't think you are getting it.
The debt and required payments are growing faster than the growth derived from the debt spending. Any economic recovery is fleeting due to higher taxes, subpar GDP growth, higher energy costs, raising interest rates, etc.
It's the matter of sustainable recovery. It isn't. It will be short lived. Piper has to be paid.
+2T (in QE funds)
Over? I guess it depends on where you fit into the caste system.
Harry,
Go back to your story and look at the graph. See the big U shape in GDP? You only see this because on the downslide nobody was buying and at the bottom it was time to restock. Take 4 trillion and paper over the problem and restock back to the top of the U. OK we are back to the top of the U now what? We have a overstocked economy with little demand and she's gonna go CURSIVE on U? GET IT?
http://www.peterson-handwriting.com/u%20crsvlc%20An.gif
The market has traded in a fairly narrow range for almost 50 days now. Nothing is happening because the Fed is pumping as fast as it can to try to avert any selloff. But there is no recovery. Main Street is not seeing a recovery. 43 million food stamp recipients are not seeing a recovery. 6+ million jobs lost last year (by the BLS own admission, which means it could be worse) is not a recovery. Durable goods down 3.3%! This is a recovery? Baloney!
Greyzone yes for all those who say the market is going great guns, well I just dont see it at all. Tepid at best, and quite frightening factoring in the amounts of total life support its being given to end up being just around flat.
And the biggest story of the day CNBC couldnt work into their wall to wall shopping extravaganza coverage is 'The 99'ers'....millions falling off unemployment now who 'need help' according the the WSJ.
after S&P break down 1000, harry's gonna sing: http://fizy.com/#s/1mbark
That's for today HW... yesterday, not so much (Ben had bonds to sell)!
Tomorrow... only Ben, Lloyd, and Jamie know for sure.
It's interesting that the NIA would pick 12-19-2012 as the day of the fictional meltdown, just two days before the winter solstice and supposedly the end of the Mayan calender.
Are they preparing the public mind? Predictive programming? I'm seeing more and more of it lately.
Doesn't the Federal Reserves Charter expire 12-21-2012?
Ya know, more and more of your posts tell me that you should be on lithium, STAT!
Glad I could help the assholes. Next time some attribution for the idea would be sort of nice.
The Day the Dollar Died
Published on:
November 18, 2009
If it's any consolation, I am reading your piece (and the sequel) right now, before watching the video (if I do watch).
Thanks. I apologize that the edited edition has not been completed.
I read that withina couple days of it coming out.. Great read.. Nice work.. There was a 27 minute youtube video about a similar scenario done by some dutch dudes.. I can't seem to find it anymore though.. Anyone have it saved?..
I read the first series and loved it! I am looking forward to the year after. Thanks, John Galt.
1981 movie, Rollover, told the dollar collapse story a long time ago.
http://www.youtube.com/watch?v=-pQVZBtQ9cI
That was a classic. Kristofferson rocked in that one....
Kristofferson is not Lubowski
Dutch documentary, 2005 , the day of the dollar: http://www.youtube.com/watch?v=AuPgdZeAFjA
(subtitled)
I'm trying to spell "plagiarizer"--is that a word? If not...I DEMAND ATTRIBUTION! Or is it atribution?
Use the ABC with a check mark at the tool bar -- it's next to the square box thingie.
Yeah, but who's winning Dancing With the Stars? The PEOPLE need to know.
Jennifer Gray...no ones gonna put Baby in a corner.
Ironically, also a co-star in Red Dawn.
awesome clip
How about the TSA pat-downs? How far have they gone?
I heard they got all way to 3rd base!
My wife traveled today, said it was all quiet. Which prompted me to check out some news sources on the subject. Everyone showed up 3 hours early and things were going smoothly. It was reported some guy was wearing only a speedo in salt lake and a woman in a bikini in LA. God bless america!
She flashes the bikini at the end: http://www.nbclosangeles.com/traffic/transit/Traffic-LAX-holiday-travel-thanksgiving-110384004.html?dr
I packed an old pair of undies I had been wearing for two weeks sans wiping in my carry-on. I slipped it into a gray tray, and bolted.
Next time it'll be a soiled tampon.
http://i308.photobucket.com/albums/kk357/Choebby/Gif%20Pics/Applause.gif
Can't wait for the sequel. The Day the New US Peso is Born.
Unfortunate to have wait until 12/12. I'll have to roll those long dated options a little further out. n the meantime, I'll keep buffing out the shiny metal.
http://www.examiner.com/finance-examiner-in-national/war-games-us-military-scenario-on-currency-collapse
what's that part about "being careful about overstepping their authority" again? and "how do i get a dog house that doubles as a WWI biplane?" I already have the dog (check!) the shades (check!) and the "doggie scarf" (check!)...
Great propaganda. Makes me want to go out and buy more gold lol.
-----------
really good...but a bit of a stretch to the quicky food riots...people will eat out of their freezer first for a little while.
maybe for water, though...
I have read that there have been studies of how long it takes for people to start violence after disasters. Typically people are in a state of shock for perhaps 2 days. After 3 days the rioting starts (Katrina is a good example).
I cannot cite any of those studies...
Anarchy is only 4 missed meals away.
4 missed meals?! The second I run out of cigarettes, WATCH OUT!
That's not anarchy, that's chaos. Anarchy is an absence of centralized authority, not necessarily leading to chaos. Common mistake.
and "this pistol whippin' isn't excessvie force but a mere manifestation of the fact that authority has an attitude problem too"
"Anarchy is only 4 missed meals away."
and it promptly stops at 10
If there is any hint of a food shortage, the run on stores will start immediately. As long as the power stays on and the water flows from the taps you might get two, maybe three days. If the lights go out, even in only one city, especially New York, it will be an instant riot. Look at this vid of the blackout in New York. http://www.youtube.com/watch?v=1H0SJwcdJ3o&playnext=1&list=PL923D958BAE2... Skip to about 8 minuets. I think the power was off what one hour before all hell broke loose. If the financial system really starts to crumble, quickly but calmly start running for the exit. I know several people that have their escape plans all laid out.
Thanks for the clip. Worth watching...
Events accurate, series might be different. First mention should have had oil at $500 when silver was at $100, which means the dollar scenario would have started at QE3.
DXY 53 would be a little extreme, I think 66 will be the tipping point. I think $200 oil, $2000 gold and $50 silver will be enough to end the FIAT system.
"A strong dollar will be the result of QE 4." If it didn't work for QE2 and Timmah said strong dollar then, I think QE3 could tip the scale we will see.
Kudos for 'Obama noting China has been reducing holdings', he will say that.
$200 billion? Way low. If we are on QE4 and the DXY is at 55, try tens of trillions of dollars to be issued and used at once.
Soros will say that. Part of the rhetoric. The Tea Party will say the Libs spent too much. Bla bla bla.
Treasurie run and stocks down? Not high end corporates on the Dau. And corporate bonds price's will sky! Inverse relationship with Treasuries and if Tbills ain't a safe play, what happens?
The sun sets on America, but not the corporations that earned their stripes there. The corporations will be seen as a savior for many out of work people in this case. 'Viva Nike!'
OPEC would have halted oil at the beginning of this madness.
But hey, potato potatoe.
Funny.
The dollar is actually trending higher now that QE2 has been announced. Basically it was a flop. And every other one from here on out will be a flop as the freshly printed Benny bucks disappear to thin air more rapidly than they appeared from it.
Bernanke wants to buy bonds a tick lower is all. I mean, if Harry was selling himself bonds, don't you think he would give himself the best price? Oil is up huge today not to mention of late, silver is up huge of late, and gold is looking steady. You can not measure dollars in dollars as you can not define a word by the same word.
Pony up those phunbux to drive this weekend too.
You have a great point RE: measuring dollars.
Not saying that gold and silver are bad to own. Wish I wouldn't have liquidated the majority of my holdings so soon but I would rather be less right than completely wrong.
USD go further in the real world today than they did before this crisis began. That's a fact.
Death of the dollar is just the lie maintained to keep you all spending them rather than saving them. Lies only go on so long, credit supply is no longer growing exponentially therefore it soon will be collapsing exponentially once it is no longer in TPTB benefit to keep the game rolling.
Paper monie is easy to transact, the reason for its invention. It is easy kept, stolen, traded, etc, because it is paper.
really? ever tried counterfeiting?
Wow. Gerard Adams looks like he can be another illegitimate child of Barrack Hussein Obama Sr (the President's father).
Much, much sooner. Us ordinary peons cant/wont wait that long. Tent cities in the winter really suck. Not working, idle hands will look for action especially when hungry.
Agreed. I don't think it will last much longer. I have major CD that it has managed to last this long. What long, strange trip it's been.
Pretty scarey. Someone said to me the other day, HPD start living in the present and not in my own contrived future, or something to that effect. But I say to him and to anyone that will listen, it is in your, my and all of our best interest to play the game of what if. The government plays this game all the time. What if. What if such a thing happens? What then? Scarey thought, no?
On account of this posting, maybe it is time to break out the ferfal.
http://ferfal.blogspot.com/
Another good one:
http://www.survival-spot.com/survival-blog/argentina-collapse/
I thought the dollar would have been dead years ago from listening to all the dollar shorts.
Unfortunately it is making higher lows and that is a reality nobody seems to want to admit.
Basically the total credit supply has peaked and a massive, globally coordinated deficit program is all that has kept the turds afloat.
But hey, I thought we were going to hyperinflate. I've been hearing about this massive inflation coming down the pike for years now. It's gonna happen any day now, they swear.
jdrose eats TV sets and craps dollars.
other way around? Either way, ain't Merca great!
Deflationist in the face of contrary data; that is a tough road to walk. CPI is always up. There are a couple blips in the past century but the CPI is positive 99% of the time.
http://www.clevelandfed.org/Research/data/US-Inflation/mcpi.cfm
At this moment the Euro-fiatsco appears to be an even worse piece of crap than the FRN fiasco. I don't take too much comfort in that.
Bingo. Not much pride to be found in winning the world's tallest midget contest.
Hahaha. Welcome to reality. The arguments of the hyperinflationist is the same arguments they had back in the 70s. I think the hyperinflationist is a cuckhold at heart.
Volcker saved us from hyperinflation at the end of the 70's by raising interest rates above real inflation rates. The same policies, if pursued today, would force a default. That would be the better method of resolution, as it would leave us with a dollar that was still worth SOMETHING.
So how are you going to stop this train, YHWH? Here is something resembling the real inflation rate: http://www.shadowstats.com/alternate_data/inflation-charts How are you going to get those rates up to 10+%? Anything less, and and you'll have stagflation leading to hyperinflation.
I am YHWH, thy God. I would just send a flood and clear out the mess.
But I've been waiting for this hyperinflation for years. When is it coming? I'm waiting.
It is highly unlikely hyperinflation (25%+ inflation rate) will ever come. It is too distructive. Even the textbooks The Bernak keeps his nose in points put how damaging hyperinflation is. I think there will be high inflation, 5%+, but the monetary brakes will be put on before we reach total distruction. The FED and their secret shareholders would have too much to loose in a hyperinflationary world.
I seem to recall you saying something about never afflicting the world with a flood again. But then, you've always been a real bastard (what with the slaughter and enslavement of the Canaanites, including the children), so a lie isn't out of character for you.
As to when, who knows? It will be triggered by the actions of a few individuals, something which is extremely difficult to predict. Most likely, it will be triggered by the Chinese when they dump their bonds. It could be any number of other factors. All someone has to do is yell "FIRE", and there will be a stampede for the exits. All this has happened before, and it will all happen again.
In the meantime, gold and silver have certainly been providing ample returns. Nothing wrong with being "early" when you are all in PMs.
it could be going on "in China" right now. and of course "their real estate market is cratering" too. the problem of course with all these arguments is "they are not discussing the problem of shortages." in "short" you can "have all the food stamps you want" but "if you want the good stuff you have to pay for that." with MONEY. is this reality enough to start a war? absolutely. "France determines the existence of the EU" but "I'll be watching British Labor Unions et al" too. This is "the people that stood alone."
default would not lead us to a dollar worth something. We're all hyperinflationists, some of us view our journey to hyperinflation as happening a little differently is all.
Only against other monopoly money.. Precious metals still pretty high and commodities just taking a breather.. Need a little more than a couple weeks of strength before you should be making such a claim..
'Higher lows', LMFAO fucking moron the dollar has lost over 15% in real purchasing power just since 2006! Where the hell do you people get all your financial data from...2 hour charts?
You can pick and choose dates all you want. Fact is the credit supply is beginning to collapse. Been happening for about 2 years now.