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How did I ever live without ZeroHedge?
Tyler couldn't you put out the main point of the article within the first few sentences?
How did I ever live without ZeroHedge?
This is really simple to answer.
I vote we all have a fat-finger moment around 4:15 or so this Friday... two or three extra "nauts" each outta do it.... see just how fast the plunge protection team can get their private jets back on the ground!
Gun + Mouth= Smoking
... like living without the wheel.
Like any good magician.
You look 'here', I mess with crap there.
Sounds more like an upper decker. You watch the bowl flush. But, you can't figure out why the smell never goes away and the water stays brown.
ahhh memories of college. good times.
So Big Ben is the savier right?
Fucking Ben Shalom and his buddies.
Orlando police say they violated a city ordinance restricting the feedings.
Create dodgy financial products and become a millionaire. Set up a soup kitchen and get arrested.
The US looks more and more like the mirror image of the USSR.
As long as we think its a good idea to spend trillions on wars that do nothing for us we will continue on the path to ruin. The real problems will start when we start to break up in the same way as the USSR did and for the same reason... an expensive industrial military complex that adds nothing to the standard and quality of life of its population
then add a war like Afghanistan and another Chernob.... oh wait
Short term savior, long term disaster.
Oh joy, let us herald the coming of the deflationary abyss; (coinciding with drastic austerity) so that our banker overlords may buy up all things of value with their well timed exit and Fed provided fiatscos... or sdrs as the situation allows.
Just imagine, one beautiful world irrevocably indebted to one beautiful all world nation crushing bank. It's.... it just hits me right here, you know? So many really good people have worked on this for so long. I'd like to thank the academy, and the media, oh and the Congress and Senate... We couldn't have done it without you guys. Thank you every one!
My fellow Americans, it is time to tear some shit up. Resistance might very well be futile, but I for one will not go quietly into that good night. Burn it down, it is time for project Mayhem.
A little Monkeywrenching is needed you say? I agree. We will see if the mainstream folks can catch onto the idea or if they instead will embrace their new complete peon status.
Oh, how so much has changed in the last 10 years.
Let's burn this bitch down and start over.
"Was it over when the Germans bombed Pearl Harbor?"
"Stop it, he's on a roll."
will not find peace on the streets
until each gentleman armed with a piece
fuck police corporation-states
It was so obvious from the start that hyper inflation would never be allowed to happen and was almost comical that some people thought it would end that way. Silly rabbits. Tricks are for kids. Hyper inflation leads to people being able to pay off their debts overnight and own all of their assets after paying the bank back with worthless fiats. The banks will never allow that when they can hyper deflate and scoop up everything of value for pennies on the dollar (POD) instead. That and they drive up the price of commodities as well to make sure there is no extra slack floating around in the middle class able to buy up anything except for commodities, which the banks already own of course. It's the same old once a century or two scam that they pull and the masses suck for it every time. Only this time they are much more brazen than they used to be. Probably because the population is much more useless and retarded than ever before.
Tomorrow is the day everyone has been talking about (June 14, "do not play").
A great day to buy some gold, guns, rice... Pay in cash!
No shit, he basically took the budget off the books, you know, like the Pentagon. QE1 never stopped, I wish you retards would stop giving these extensions other names QE2 QE3, wtf shut the fuck up, that too is propaganda, the FED is free floating the ENTIRE WORLD FUCKEN ECONOMY you fucken reatards.
And it was going on for Bush's entire 2 terms as well.
Yep, the Fed is printing/devaluing money for the entire world now. It's economic warfare against the global serf class and the Fed is the arsenal used for the killing. When someone resists, he's branded a tyrant and a 'revolution' arranged. If that doesn't work, NATO is sent into action. After that, the serfs can happily accept freshly printed fiat via the IMF - like this:
Just wait until the EU countries integrate their 'national budgetary policies' and the ECB can really start up its printing press - then we'll see some heavy shit:
Awesome... so.... the solution for total FISCAL INCOMPETENCE and CORRUPT CRONYISM is .. more of the same but then on a bigger scale? Right!
Whatever Trichet has been smoking, I want it, I need it, I gots to have it! It's delusional to assume the dream can be saved by transferring power to exactly those that created the problem in the first place.
The problem of the EU is NOT the economy breaking down, it's the decade of corruption in the unholy marriage between power hungry politicians and banks that stop printing only when they run out of ink. Austerity will only WRECK the economy, thus making it impossible to grow out of the debt.
Here's a letter of the EU budget accountant office, who refused consequently for years to sign off on budgets with more holes and disappearing money than a swiss cheese (or Edammer, whatever you prefer) It's long and boring, but I summarise their conclusion: "Your budget sucks, we won't sign."
And now... finally, the politicians are doing an 180, and are on ramming course with the EU and ECB.
phew... that's a relief? they smarted up? like the Pakleds in Startrek TNG ep 143? http://images.wikia.com/memoryalpha/en/images/b/bf/Grebnedlog.jpg
Our representatives realised the danger of throwing money into an insolvent financial system, just in time?.......
NO just a year too late. That's our money you suckers spent, in 2010, by throwing it in artificially created black holes.
I think we have a bright future ahead of us, apart from CERN where they bump things that boink in the night, we have another interesting phenomenon to study, the black hole singularity that is Brussels. Maybe we can ask G. Papandreou to pilot an experimental craft in there, reportedly he's been there and came back... <insert curseword here>
No need to sugar coat this...
Go ahead, tell us how you really feel.
Just don't eat a banker. Their lifestyle doesn't sound healthy with all these drugs and stuff. But if you really want to cook a banker, you can try this recipe...
You forgot the best part.
First, shoot a banker in the head. You don't want to eat the brain anyway.
Then slowly slice large segments of flab grown during the bailout/bonus era. (It's the most bitter part.)
Hey USA STOP FUNDING THE WORLD AND POLICING THE WORLD.
Stop the give aways and get the USA boots off of foreign soil.
We'd probably have a Friggin Surplus then!
My God this is simple.
Phuuuuckin' idiots in Washington.
We have more than enough Coal and Natural Gas to fuel our energy needs for 200-300 years. We don't need foreign oil. We have enough. If we need anything extra our NAFTA partners Canada and Mexico could most likely help out.
This would explain a lot.
Activists to Occupy Financial District’s Liberty Park Until Demands Are Met – Operation Empire State Rebellion Begins
June 13th, 2011
"beauty is the antidote to fear." gerald celente
The Financial Road to Serfdom:
How Bankers are using the Debt Crisis to Roll Back the Progressive Era
By Michael Hudson
June 13 2011 "Information Clearing House"
.."This is what today’s financial warfare is about. At issue is the financial sector’s relationship to the “real” economy. From the latter’s perspective the proper role of credit – that is, debt – is to fund productive capital investment and spending, because it is out of the economic surplus that debts are paid. This requires a financial regulatory system and tax system to maximize growth. But that is precisely the fiscal policy that today’s financial sector is fighting against. It demands preferential tax-deductibility for interest to encourage debt financing rather than equity. It has disabled truth-in-lending laws and regulations to keeping interest rates and fees in line with costs of production. And it blocks governments from having central banks to freely finance their own operations and provide economies with money. And to cap matters it now demands that democratic society yield to centralized authoritarian financial rule." ..
"But the tables are now turning, from Icelandic voters to the large crowds gathering in Syntagma Square and elsewhere throughout Greece to oppose the terms on which Prime Minister Papandreou has been negotiating an EU bailout loan for the government – to bail out German and French banks. Now that nations are not raising money for war but to subsidize reckless predatory bankers, Jean-Claude Trichet of the ECB recently suggested taking financial policy out of the hands of democracy.
But if a country is still not delivering, I think all would agree that the second stage has to be different. Would it go too far if we envisaged, at this second stage, giving euro area authorities a much deeper and authoritative say in the formation of the country’s economic policies if these go harmfully astray? A direct influence, well over and above the reinforced surveillance that is presently envisaged? …
At issue is sovereignty itself, when it comes to government responsibility for debts. And in this respect the war being waged against Greece by the European Central Bank (ECB) may best be seen as a dress rehearsal not only for the rest of Europe, but for what financial lobbyists would like to bring about in the United States."
"beauty is the antidote to fear." gerald celente
"beauty is the antidote to fear." gerald celente
Michael Hudson's article also good. But perhaps a bit long for the iPad generation.
Can anyone dumb this down for me? Are we actually heading for deflation?
I think the point is that without intervention, yes, because the money supply (read: credit/debt) is shrinking. This is the classic definition of deflation: contracting money supply.
I guess this is where I'm getting hung up. If credit/debt is still shrinking, and all of the money the Fed is printing up is really going to fill this massive hole that was created during the 2008 crisis, is the printing really inflationary? I mean, it seems like it is, don't get me wrong, but this article, and the one recently about how all of QE2 went to Europe really made me start to question how inflationary all of the QE has been so far.
I believe (gut feeling) that they are strangling liquidity and reducing the money supply to the productive economy -- just as they did to cause the Great Depression -- but, to be honest, I don't have a fucking clue what all those technical terms, virtual money-printings and convoluted transfers between entities (Fed, PDs, CBs, IBs, etc) mean to be able to confirm my belief. I just rely on Tyler and the commenters to [occasionally] make sense of it for me.
I'm sorta dense too. I would expect the printing to be inflationary also. If banks are pushing paper to foreign banks, that puts the inflation temporarily at arms length. The flood of dollars isn't here where we would see the water rising.
However it would still have an effect, I believe, on everywhere else as the prices worldwide jumped...similar to what we saw earlier in the year with commodities. That spike would create rising prices here, not falling, right?
So are we to have price inflation with monetary deflation until the foreign banks send the cash back to purchase assets?
This is confusing as hell.
the fed makes base money. not the multiplier.
the economy is supposed to created the bulk of the
credit money thru loans. it refuses as there are no incomes
to justify prices and entrepreneurial expectation. and there are
tonnes of legacy costs and transitional demolitions that
are staring us in the face. and taxes and misallocations
to satisfy the ignorati bent on ongoing stupidity, destruction,
miseducation and random acts of violence via war.
By making this base money the FED, lead financial instrument of world oligarchy play, encourages the multiplier and, more importantly, allows the PDs to direct it where they want it to go; for their own good (this term is a misnomer as its for decreasing their big, mega infested, ever simmering, putrefying mountain of toxic bad).
Meanwhile, we all bean count the disaster from outside ...with a time and knowledge lag that ZH tries to fill in remarkably... the hidden, festering shadow banking/obsessively mad derivatives playing shell called (WS + surrogate dark pools +subservient bourses around the world), hooked on USD/Euro/Yen fiats pumped with steroids.
Horror movie that even the most zany of Hollywood moguls would not have imagined in its wildest dreams (WS- Gordon Gekko is chicken shit in comparison) and would now love to produce for sure if he is still solvent after the collapse. I bet we can count on that, but here in ZH we're getting a preview of the film in near real time that main street will be seeing in two years time...
Conversely, I'm sure BB and his oligarchic elite have probably convinced themselves, in their head-in-ass or 'dugout in the bunker' approach, that they are doing "God's work" defending "western values" like Leonidas at Thermopylae. Alone, against all comers from the invading barbaric eastern horde who are waiting in the aisles of history in the making to take over the whole shooting match.
I'll have one of whatever he's drinking. Uh, make that a double.
its called oligarchical vodka on the rocks...enjoy...before the caviar bar closes...If you knew how to sing in russian you would sing the soviet national anthem while breaking your glass over your shoulder...tovaaaarich!
to sum it up fed prints dollars foreigners buy dollars and then the inflation comes through other countries printing They're local currencies to countereffect those dollars and the inflation comes through those said countries buying hard goods in their local currencies equating to rising prices here because it created a higher deman for those goods and we import 50-60% of goods from other countries and the shitstorm doesn't really start till all of those foreigners all try and get all their money at once creating a run on all of the liabilites accrued through fractional lendig drawing down the money supply? correct me if I'm wrong murray N rothbard pretty much sums up the evolution of fractal lending in this lecture...from wild cat banks in the 1800's to the great depression assets will never match liabilities and thats when the deflation comes in... It's only an hour and 30 minutes but definitly worth your time was a great economist and historian probably the greatest of the 20th century by far...
Thanks for the link, ZackLo. Best hour and 38 minutes of listening in a long time. Rothbard had such an easy way of deciphering complex issues. Of course, completely a lost art in the hands of current economists and other worthless talking heads.
Highly recommended listening.
The question can be answered, if you know the following:
Is there going to be a settlement for that debt? If so, who will be on the recieving end? What will be exchanged to settle?
If oil goes to $200 in this otherwise deflationary environment, does that spur printing?
It sure as hell doesn't spur growth. But in the new normal DOW 30,000 is right around the corner, like the end to the wars.
witness the end of exponential growth as a
distorted virtual image in a cracked mirror.
ie..money. stay calm, many minds will be blown
all around. someone needs to relax just to so
we all don't stop breathing at once.
" it's only money ", remember when people
used to actually believe that?
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