Debt Ceiling Talks Collapse

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Thu, 06/23/2011 - 18:22 | 1396791 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

When you've realized there is no Society, hence no problems common to its members, and no solutions to the imagined problems of fairy-tale entities--that the entire charade serves the singular purpose of enslaving you to an ideology for the benefit of your rulers--then you'll have awakened.


Your comment is the best refutation of crony capitalism and socialism I have read.

I have tried to get away from pointing out the failures because that only leads to a supporter of the system telling how their (R) or (D) would fix what the other (R) or (D)messed up.

It really comes down principles.

Do I have the right to demand from others that which I could do but choose not to do? Those with a genuine need become pawns. What charity and love should give has been hijacked.

The framers have it right.


Thu, 06/23/2011 - 11:05 | 1394853 Silver Dreamer
Silver Dreamer's picture

They are getting paid all right, but it isn't by We the People.  Who's paying them explains the lack of representation we are getting too.

Thu, 06/23/2011 - 11:04 | 1394878 Charlie Bravo
Charlie Bravo's picture

Actually they double dip from two sources.

The taxpayers and the powerful elite (via their lobbyist cronies).

Charlie Bravo

Thu, 06/23/2011 - 10:44 | 1394735 savagegoose
savagegoose's picture

im willing to take that bet? will you take this bit of paper that says im good for it?

Thu, 06/23/2011 - 10:49 | 1394794 Dr. Richard Head
Dr. Richard Head's picture

HAHA.  Only if Uncle Ben puts his stamp of approval on that piece of paper.  I loves me paper.

Thu, 06/23/2011 - 14:20 | 1395716 savagegoose
savagegoose's picture

aww for fucks sake, this is quality whit , and you junk me?

Thu, 06/23/2011 - 15:42 | 1396205 Dr. Richard Head
Dr. Richard Head's picture

Tit was not i.  i giggled and no junked.

Thu, 06/23/2011 - 10:31 | 1394639 goldencross10
goldencross10's picture

Cut unnecessities before we spend, I really don't understand how hard that is for the dems to figure out. 

Thu, 06/23/2011 - 10:28 | 1394651 Boilermaker
Boilermaker's picture

Yea, where are the Republicans to save us <barf>?

Thu, 06/23/2011 - 10:37 | 1394691 RockyRacoon
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You mean like a few wars, and some tax deductions that allow international companies to escape the tax man?

Thu, 06/23/2011 - 10:47 | 1394747 Cognitive Dissonance
Cognitive Dissonance's picture


Wait a minute, did you say a 'few' wars? How many is a few because I always thought a couple was two and a few was three. Don't we have like 5 or 6 wars going at this time?

I lost count after they started the UAV missle attacks in Pakistan.

Thu, 06/23/2011 - 10:52 | 1394783 Jack Burton
Jack Burton's picture

Iraq, Afghanistan, Yemen, Libya, Pakistan for sure. Lots of covert ops in Africa as well. But never mind, we can print the money to keep the missiles flying.

Thu, 06/23/2011 - 10:54 | 1394801 DaveyJones
Thu, 06/23/2011 - 11:16 | 1394859 Dapper Dan
Dapper Dan's picture

What about the war on drugs (I am 4f)

the war on poverty (I am AWOL)

the war on obesity ((I plan to join after my dbl cheeseburger)

 the war on crime (Someone stole my BDU's and rifle)

Thu, 06/23/2011 - 10:54 | 1394818 Dr. Richard Head
Dr. Richard Head's picture

No, no, no!  Not attacks.  These are freedom suppositories. Luckily we moron taxpayers sent over pallets full of one-ply bennies for clean up after our freedom suppositories started working.


Thu, 06/23/2011 - 11:04 | 1394845 DaveyJones
DaveyJones's picture

and these suppositories are amazing. With just a few efforts, everyone is on the receiving end

Thu, 06/23/2011 - 11:03 | 1394870 Cognitive Dissonance
Cognitive Dissonance's picture

Brings new meaning to the term 'inn-u-end-o(h)'.

Thu, 06/23/2011 - 11:11 | 1394898 Dr. Richard Head
Dr. Richard Head's picture

Suppository orgies.  I wonder if Redtube has that as a catagory?  Wait, they do, it's called CSPAN.

Thu, 06/23/2011 - 11:26 | 1394944 ZakuKommander
ZakuKommander's picture

See "Declaration of Thingamajig"

Thu, 06/23/2011 - 11:27 | 1394986 Cognitive Dissonance
Cognitive Dissonance's picture

Too funny.

Not hostilities, but instead just 'tender explosive kisses of democracy'.

Thu, 06/23/2011 - 10:29 | 1394642 Boilermaker
Boilermaker's picture


Rally Time?  REITs actually reversed on the news.  You know...just to make it extra fucking retarded.

Thu, 06/23/2011 - 10:34 | 1394672 RobotTrader
RobotTrader's picture

Hey boilermaker, your favored REIT stocks are still pinned at 3-year highs.

Check out LULU and CMG while you are at it.


Thu, 06/23/2011 - 10:44 | 1394733 Cdad
Cdad's picture

Weakness in real estate will be a necessary part of QE3 rationalization.  Deflation is required to cue up the money printing machines.

Look for this group to be one of today's worst performing groups.  

Thu, 06/23/2011 - 10:45 | 1394764 Cognitive Dissonance
Cognitive Dissonance's picture

It's all about manufacturing plausible deniability in order to do what they want to do anyway.

Thu, 06/23/2011 - 11:14 | 1394789 Cdad
Cdad's picture

That's part of my thesis here.

As well, and those calling for a snap back rally...setting aside the fact that anything can happen...a sustainable counter trend rally also needs to see the "shooting of the generals," or those stocks that Robo likes to chart for everyone.  The REITs have been the general of this liquidity rally for three straight years.  

It won't be different this time.

Thu, 06/23/2011 - 10:55 | 1394803 HelluvaEngineer
HelluvaEngineer's picture

Everything is rolling over now.

Thu, 06/23/2011 - 10:28 | 1394648 doomandbloom
doomandbloom's picture

naaah...this is just a ploy...

everything will fall into place in the last second...just to keep people excited..


This is reality TV at its best



Thu, 06/23/2011 - 10:30 | 1394669 Boilermaker
Boilermaker's picture

When does Cantor run up to Obama and hit him in the back with a folding chair?

Thu, 06/23/2011 - 12:18 | 1395240 John Rotten
John Rotten's picture

Spot on Boilermaker.  The WWE (nee WWF) shenanigans never end.  Quite the soap opera these clowns produce daily.  Suprised that the drama comes from Cantor, dual citizen?  Nah, not me.  The failure of this nation is in the interest of Israel.  Damn Zionists!

Thu, 06/23/2011 - 10:37 | 1394688 John Law Lives
John Law Lives's picture

Expect both parties to announce a "last-minute compromise" to raise the debt ceiling.  It may be raised incrementally (i.e. a sequence of $300 Billion increases) rather than a single $2 Trillion increase, but you can be certain it will happen.

Thu, 06/23/2011 - 10:33 | 1394689 John McCloy
John McCloy's picture

Yup. No chance the debt ceiling is not raised. With 3 days to deadline it will be passed with pretend concessions on both sides.

Thu, 06/23/2011 - 10:40 | 1394708 DaveyJones
DaveyJones's picture

and pretending neither want to do it. When exactly do we get rid of these parties?

Thu, 06/23/2011 - 10:58 | 1394835 Dr. Richard Head
Dr. Richard Head's picture

The day when all of those fucking fantasy football and baseball leagues start moving over to putting that effort into fantasy congress leagues. 

Come to think of it, there might be a way to do that.  Just have to figure out the point system. 

Thu, 06/23/2011 - 11:10 | 1394896 OldPhart
OldPhart's picture

Make it match reality.  Use monopoly money and score based on payola.  Somehow, though, the banker always seems to win.

Thu, 06/23/2011 - 11:19 | 1394933 Dr. Richard Head
Dr. Richard Head's picture

Lobbying dollars spent on a particular congressman would give points then.  Any subsidy a congressman is able to earmark would get you more points.  Benefit cuts and tax raising will get you more points as well.

In the end, the congressman who fucks over their people the most will be the most successful in this league - just like life.

Thu, 06/23/2011 - 12:22 | 1395267 Clark Bent
Clark Bent's picture

On the Republican side, when the Tea Party kills the establishment. On the Democrat side, when Soros is finally repatriated with his infernal father. 

Thu, 06/23/2011 - 10:38 | 1394719 bigkahuna
bigkahuna's picture

Not even a chance it is not raised?

Thu, 06/23/2011 - 10:40 | 1394734 doomandbloom
doomandbloom's picture

trying to trap us in this grand illusion of choice...

Thu, 06/23/2011 - 10:28 | 1394650 spartan117
spartan117's picture

Dog and pony show.

Thu, 06/23/2011 - 10:32 | 1394653 oogs66
oogs66's picture

they have to heighten the drama so even when they do nothing but kick the can they can spin it as some amazing example of government at its finest - ugh

Thu, 06/23/2011 - 10:32 | 1394654 Tense INDIAN
Tense INDIAN's picture

...whats the effect of this DEBT-ceing on the dollar

Thu, 06/23/2011 - 10:32 | 1394656 Michael Victory
Michael Victory's picture


Chart of the day:

World’s Financial Wealth: Debt v. Equities v. Gold



Thu, 06/23/2011 - 10:39 | 1394703 cat2
cat2's picture

Chart is years out of date.

Thu, 06/23/2011 - 10:37 | 1394707 RockyRacoon
RockyRacoon's picture

Cut to the chase and avoid a slow-loading page:

Just what the hell are "bank deposits" anyway?  I'd like to see the same type of chart breaking down that one category.

Thu, 06/23/2011 - 10:47 | 1394770 Cognitive Dissonance
Cognitive Dissonance's picture

That really does need to be posted. Too bad it doesn't show 2010 as well as a projected 2011.

Thu, 06/23/2011 - 10:58 | 1394820 GeneMarchbanks
GeneMarchbanks's picture

+1. But if you look at that chart closely you'll see that the thin red line is really a bubble, how do I know? Well, that really purrddy lady on (insert your favorite financial channel here) told me so.

Thu, 06/23/2011 - 11:01 | 1394848 Dr. Richard Head
Dr. Richard Head's picture

Beat me to it. 



Thu, 06/23/2011 - 11:05 | 1394886 SilverRhino
SilverRhino's picture

Combine that picture with Exeter's Pyramid and you have a set of very interesting and scary  possible scenarios.


Thu, 06/23/2011 - 11:24 | 1394964 Cognitive Dissonance
Cognitive Dissonance's picture

You mean this?

Exter's Pyramid.

Thu, 06/23/2011 - 12:02 | 1395150 SilverRhino
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