• Sprott Money
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The Debt Ceiling Debate Goes Gossip Girl: Obama Tweets That Boehner Is Now His BFF

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Sat, 07/23/2011 - 12:51 | 1484888 rajat_bhatia
rajat_bhatia's picture

Buy gold ! Buy Silver!

Sat, 07/23/2011 - 13:00 | 1484923 Long-John-Silver
Long-John-Silver's picture

Beans and Bullets too!

Sat, 07/23/2011 - 13:10 | 1484953 DoChenRollingBearing
DoChenRollingBearing's picture

All of the above and more!

Sat, 07/23/2011 - 13:13 | 1484964 Long-John-Silver
Long-John-Silver's picture

During an economic crash a moonshine still will produce liquid currency.

Sat, 07/23/2011 - 14:24 | 1485114 UGrev
UGrev's picture

Growing my own.. oh wait. That would make me a white, middle class, gun owning, vegetable grower. Fuck me twice.. my ancestry goes back to the first king of norway. Holy shit!! I'm so boned!

Sat, 07/23/2011 - 19:05 | 1485689 Esso
Esso's picture

Man, that was funny. The Norway thingy put it right over the top.

You can be my BFF (whatever that means. I hope it's not a homo thing).

Sat, 07/23/2011 - 19:51 | 1485769 UGrev
UGrev's picture

I prefer to avoid acronyms like that because of their amBIguity. Aside from that, it's all true; event the thing about being boned.. herky berky borky bork bork borky berky bone-dy bone-dy.. shitski.. 

Sat, 07/23/2011 - 12:53 | 1484894 Eireann go Brach
Eireann go Brach's picture

They are no different than monkeys slinging their own poo at each other at the zoo dressed in clown outfits!

Sat, 07/23/2011 - 16:36 | 1485468 Urban Redneck
Urban Redneck's picture

The shit slingers at the zoo are kept in cages where they can't reak havoc on the global economy.  Perhaps the National Zoo in Washington could provide a cage and house Barry and Boner until they fix this mess.  It would keep them both ot them off the golf course.

Sat, 07/23/2011 - 17:25 | 1485531 Rodent Freikorps
Rodent Freikorps's picture

Pistols at twenty paces is far more civilized.

Sat, 07/23/2011 - 12:53 | 1484897 -Michelle-
-Michelle-'s picture

Did the 1100 meeting occur? 

Sat, 07/23/2011 - 12:55 | 1484905 Long-John-Silver
Long-John-Silver's picture

If you have an 11:00 meeting and the press doesn't show up, did it really happen?

Sat, 07/23/2011 - 13:38 | 1485007 nmewn
nmewn's picture

"Did the 1100 meeting occur?"


And Boehner was drinking...hot tea ;-)

Sat, 07/23/2011 - 15:20 | 1485283 SoCalBusted
SoCalBusted's picture

Probably started at 11:25 OST (Obama Standard Time)

Sat, 07/23/2011 - 12:53 | 1484899 Long-John-Silver
Long-John-Silver's picture

Girlz Bitchez!

Sat, 07/23/2011 - 12:57 | 1484915 Sudden Debt
Sudden Debt's picture

I like the once that get economicly drunk!


Sat, 07/23/2011 - 12:59 | 1484922 Long-John-Silver
Long-John-Silver's picture

That's easy if you have the proper equipment.


Sat, 07/23/2011 - 13:04 | 1484936 Sudden Debt
Sudden Debt's picture

hmmm... and if you do it right they're blind...

You're a Pro he? :)

Sat, 07/23/2011 - 13:11 | 1484957 Long-John-Silver
Long-John-Silver's picture

Going blind from drinking moonshine is caused from using chemicals to "dress up" the taste.

Also during prohibition inadequate equipment was used such as automobile radiators.

It is impossible to remove antifreeze from used radiators or radiators soldered with lead.

Proper copper or stainless steel distilling equipment used with sanitary mash will not cause health problems.

Sat, 07/23/2011 - 13:48 | 1485035 Sudden Debt
Sudden Debt's picture

I had a uncle who brewed "jenever". A bit stronger stuff then you're moonshine.

He used a milk can, lead plumming pipes and a whole lot of potatoes and grain.

I remember that when we came over as kids and when we where a bit sick or something, his cure was always a good shot.

I burned your throat and you lost and taste like for a day.

Sat, 07/23/2011 - 14:16 | 1485103 scatterbrains
scatterbrains's picture

reminds me of an incident while picking up a bunch of glass carboys for homebrew from a polish immigrant dude. He had something similar to this in his garage and was willing to sell it but I didn't want to pay more then the scrap value of the copper, which even at $150 was a steal.. I'm such a cheap bastard some *all* of the time. He had that piece hooked up nice.. I remember his wife was a stunningly sexy blond polack.

Sat, 07/23/2011 - 17:36 | 1485552 Doyle Hargraves
Doyle Hargraves's picture

Which can be obtained here:



Sat, 07/23/2011 - 16:28 | 1485450 lilimarlene1
lilimarlene1's picture

Good music!

Sat, 07/23/2011 - 13:07 | 1484946 francis_sawyer
francis_sawyer's picture

I know you are but what am I? - lol

Sat, 07/23/2011 - 13:43 | 1485022 oogs66
oogs66's picture


Sat, 07/23/2011 - 12:54 | 1484900 caerus
caerus's picture

o also complained of being "left at the altar"

Sat, 07/23/2011 - 12:57 | 1484913 Long-John-Silver
Long-John-Silver's picture

He should have been on the right of the altar.

Sat, 07/23/2011 - 13:39 | 1485009 HoofHearted
HoofHearted's picture

And we all know that altar usually involves sacrifice. Who is going to get sacrificed this time? Of course, the American taxpayer. How many ever of those are left..

Sat, 07/23/2011 - 16:29 | 1485455 lilimarlene1
lilimarlene1's picture

He was left at the cradle and hasn't changed.

Sat, 07/23/2011 - 12:55 | 1484901 lolmao500
lolmao500's picture



One day after a partisan blowup, President Barack Obama met for less than an hour Saturday with congressional leaders in crisis talks aimed at averting a national financial default in just 10 days.

Sat, 07/23/2011 - 13:02 | 1484927 Long-John-Silver
Long-John-Silver's picture

Iceland has shown the world the proper way to deal with this type of financial situation.

Sat, 07/23/2011 - 13:14 | 1484965 SRV - ES339
SRV - ES339's picture

You do realize the GOP (austerity main street pays for Wall Street) position is very close to what the IMF / Banker position was in Iceland, don't you?


Sat, 07/23/2011 - 13:22 | 1484981 JLee2027
JLee2027's picture

That's a mis-representation . The GOP wants to cut spending, which benefits everyone in the long run.

Yes, there will be short term pain. Unavoidable. I suggest if you do not understand that borrowing 40% of your spending is a plan for disaster, then please do not reply.

Sat, 07/23/2011 - 14:39 | 1485147 snowball777
snowball777's picture

Bullshit. The GOP wants to cut taxes not spending, tool.

Sun, 07/24/2011 - 19:21 | 1489038 JLee2027
JLee2027's picture

Bullshit. The GOP wants to cut taxes not spending, tool.

If you really believe that, you need medication. I can't help you further.

Sun, 07/24/2011 - 12:51 | 1487440 SRV - ES339
SRV - ES339's picture

Koolaide is full of sugar... you may want to back off a bit!

BTW... where were you and your friends when the GOP (under Bush) gave huge tax breaks to the top 2%, doubled the debt, and raised the debt limit 6 times in 8 years?

Sat, 07/23/2011 - 13:18 | 1484972 Long-John-Silver
Long-John-Silver's picture

What makes you think I am a Republican or a Democrat?

I am a Southern Patriot ready for the coming economic collapse.

We are ready for this inevitable outcome, are you?

Sat, 07/23/2011 - 13:05 | 1484942 francis_sawyer
francis_sawyer's picture

The dog ate my homework...

Sat, 07/23/2011 - 13:08 | 1484950 Mongrel
Mongrel's picture

Excuse this dog while he returns to his own vomit . . .

Sat, 07/23/2011 - 13:13 | 1484960 Steroid
Steroid's picture

' Maybe it is a co-incidence that Greece now likes to hold their votes well after the markets have closed (or maybe it is easier for the police to see the torches).  Maybe it is a co-incidence that the latest EU proposal came after an all-nighter between Merkel and Sarkozy.  Unlike teenage television shows, college students have to grow up and get a real job (or one on Wall Street).'

Priceless, though I wouldn't degrade college students. After all, we are talking about parasites. Comparing to cockroaches, or rather bedbugs would be more fitting. They are all scared of light, too.

Sat, 07/23/2011 - 13:13 | 1484961 no life
no life's picture

I wonder who's in the "driver's seat"??

Sat, 07/23/2011 - 13:16 | 1484969 slewie the pi-rat
slewie the pi-rat's picture

here it is again:  Ron Paul has suggested that cancelling the treasuries on the Fed balance sheet would provide breathing room under the ceiling, and I have to admit I agree with him.

how?  when?  it is one thing to declare that roast beast should be served at dinner.  but doesn't someone need to kill the fuker, first? 

Sat, 07/23/2011 - 13:43 | 1485023 slewie the pi-rat
slewie the pi-rat's picture

whoever read this and didn't like me asking for more info, is the chairsatan just s'posed to give us the ~$1.5 tril.  or let us borrow it?  loan it to timmah? 

last i heard you needed to pay for stuff you wanted, even if you were the goobermint.  but maybe all the nice folks who own the FED and these US Treasury instruments would like a little favorable press, so they are gonna kick it down to us.  works for me!

i liked the idea when i first read it in nomi prins' piece.  after all, the FED "created" much of the "money"  to put these T's on its balance sheet, just as the US "created" the T debt instruments. 

so, i'm sure when the good bansters, pols, and other folks get this all worked out, they'll let us know.

unless it's all pure fuking bullshit at this point, of course.

in which case someone on zH or someplace might ask them to back their "play" with more information, or just stop blowing smoke up people's asses and just shut the fuk up. 

again:  how does this work? 

Sat, 07/23/2011 - 13:48 | 1485038 oogs66
oogs66's picture

I am confused of how they can just cancel it, but at the same time, if the U.S. was a corporation, one wholly owned subsidiary just issued debt, which was purchased by another wholly owned subsidiary.  At the holding company level, is there any net debt?  If this was a company, the exact same debt would show up as an asset on one side and a liability on another.  Weird.  If the Fed had to do something to buy the treasuries, it would seem like a loss if they just wiped it out, but all the Fed did was place some zero's in the accounts of PD's.  Is there another way they could have done it?

Since for the country as a whole, it is a net zero position, is there some way to get rid of it?  Is the purchase of treasuries by the Fed necessary, or just a way to confuse the hell out of people?


Sat, 07/23/2011 - 14:26 | 1485096 slewie the pi-rat
slewie the pi-rat's picture

ok, but the FED is a private corporation, whose chairperson is nominated by the prez and approved by the senate, like an ambassador, or a cabinet member, but the FED is s'posed to be, by law, protected from politics in its deliberations and decisions, and guided by its legal mandates. after all, deze boyz can create money for banking and for the monetary policy of the nation, which is why all the reporting and answering to congress;  beyond all the bullshit, monetary policy is discussed at a very high level;  just look at alan greenspan's tapes!

no, the banksters own the FED.  and "we" owe whoever hold our bonds, which the US gave them when they loaned us their hard-earned (or printed-by-bankster) cash. 

the congress in in charge of fiscal policy (budget:  bal or unbalanced?  how much?  how will goobermint $$$'s be spent, and so on).  the prez either signs or vetoes the budget bill, which also includes all the fiatscoes for what the prez runs:  the military, and all the branches, agencies, and weaponzi endeavors of this nation. 

we borrow from everybody. 

obviously, r_paul and the benzelbub both have this here info.  the question:  well why don't you just forgive us the debt?  makes a ton of freaking sense, doesn't it?  unless...one owns the debt or is a fuking bankster and here, we're 0-for2!

analagously, why didn't central banks just "forgive" greece's debt?  ireland's? 

i don't feel too bad not knowing much more about how this wonderful wizardry works.  like dorothy learned in oz: actually, it doesn't!

Sat, 07/23/2011 - 14:59 | 1485215 cosmictrainwreck
cosmictrainwreck's picture

I'll have a slab of that roast beast (you did kill it, dintcha?).... with a side of hot buttered groat clusters

Sat, 07/23/2011 - 13:19 | 1484974 Misean
Sat, 07/23/2011 - 13:19 | 1484975 ISEEIT
ISEEIT's picture

I think many of you just don't get it. The "radical, extremist, crazed, cult member, wacko, teabaggers" are in fact the real deal. Unlike most of us on ZH they became politically active and put the blood, sweat, and tears into this game. They are as serious as a heart attack and we will in fact default if president asshat doesn't fold.

The most likely scenerio? President asshat pulls the 14th admendment card. The "teabaggers" will not fold. These people are indeed extremist if you happen to be a looter within the regime. We are terrorist as defined by the regime.

If you believe that it is just business as usual then I respectfully suggest that you are wrong. Tactically, holding the battle here and now is dangerous and possibly reckless. It's what they have chosen to do though. Unlike the 'progressive' caucus (communist), the republicans don't have a dossier on each member to use against them as force.

I'm on record that either asshat pulls a 14th admendment stunt or we default.

Sat, 07/23/2011 - 13:25 | 1484989 JLee2027
JLee2027's picture

President asshat pulls the 14th admendment card. 

And I would expect the Supreme Court acts instantly and shuts that down. It's clearly BS. The President cannot borrow money, only Congress can. Article 1, Section 8.

Sat, 07/23/2011 - 13:42 | 1485015 francis_sawyer
francis_sawyer's picture

If Hilary would just give back all the China she stole, we could resolve this rather quickly...

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