Failure To Reach Budget Resolution Sends Dollar Plunging, Silver At New Post Hunt High

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Thu, 04/07/2011 - 22:49 | 1148151 Yen Cross
Yen Cross's picture

I cleared out @ swaps. I saw the spike into Asia. Plus  I want to see wholesale numbers and what Fisher has to say.

Thu, 04/07/2011 - 23:34 | 1148361 macholatte
macholatte's picture

Following news that an 11th hour attempt to resolve the budget impasse between Obama, Reid and Boehner has failed ...

 

and the converse is.....

    ...when the budget does get passed all the hysteria will pass too and PM's will crash back to pre-hysteria levels....

or

something else is at play, like, say, war(s) in the middle east and stuff like that there.

Thu, 04/07/2011 - 23:38 | 1148388 Turd Ferguson
Turd Ferguson's picture

No shit. Maybe they can pull Kosherdakota out of his Minnesota igloo again tomorrow to talk the dollar back up.

Thu, 04/07/2011 - 23:44 | 1148413 long juan silver
long juan silver's picture

Somewhere a used mattress dealer is missing his sidewalk barker.

Thu, 04/07/2011 - 23:48 | 1148429 Long-John-Silver
Long-John-Silver's picture

and that mattress dealers name is Math Man.

Thu, 04/07/2011 - 23:50 | 1148442 long juan silver
long juan silver's picture

I am Long JUAN Silver.

Speak when you are spoken to fly pimple.

Thu, 04/07/2011 - 23:53 | 1148455 Richard Head
Richard Head's picture

You've got it wrong.  Long juan silver is the ex-billy the bastard.  The retardedness is obvious!

Fri, 04/08/2011 - 00:01 | 1148488 long juan silver
long juan silver's picture

You shouldn't drink and drive. You endanger the rest of us that are responsible.

Fri, 04/08/2011 - 01:20 | 1148749 Yen Cross
Yen Cross's picture

You all made me Laugh my third lung out. Love you guys! Fly Pimple? WTF. Never heard that one. A scab on the ass of humanity is my best! A wart on the nose of your ? I'll leave it at that!

Thu, 07/14/2011 - 04:32 | 1455245 robins
robins's picture

You should use www.fanbullet.com to buy Facebook fans as well as twitter fans. We purchased some buy facebook likes Facebook fans and we are quite satisfied with the results. It is completely legal because the fans are real and they don't join your page until they check it and find it interesting.

Thu, 04/07/2011 - 23:40 | 1148400 Ergo
Ergo's picture

Silver just hit 40.005 for May.  Watched it as it happened. 

Once again, I'm happy and sad.  Happy to watch my account grow.  Sad that it's at the death of the dollar.   

Fri, 04/08/2011 - 00:01 | 1148480 Missiondweller
Missiondweller's picture

Who the hell is junking everyone?

Fri, 04/08/2011 - 00:53 | 1148672 Ergo
Ergo's picture

Blythe, maybe? 

Fri, 04/08/2011 - 06:42 | 1149111 mick_richfield
mick_richfield's picture

The US dollar is 0.85 ounces of silver.

Federal Reverse Notes are not US dollars.

Long live the dollar.

 

Fed delenda est.

Fri, 04/08/2011 - 09:34 | 1149538 r101958
r101958's picture

Each Morgan dollar contains 0.7735 troy ounces of silver. That goes for the Peace dollar too. Now, the Silver Eagle is a full troy ounce.

Fri, 04/08/2011 - 09:39 | 1149558 r101958
r101958's picture

Each Morgan dollar contains 0.7735 troy ounces of silver. That goes for the Peace dollar too. Now, the Silver Eagle is a full troy ounce.

Fri, 04/08/2011 - 05:21 | 1149045 Yen Cross
Yen Cross's picture

I am looking forward to some more Junks. You pissant F/X scumbags! I stand corrected. Barney FRANK FUDGE PACKERS!

Thu, 04/07/2011 - 22:50 | 1148152 I think I need ...
I think I need to buy a gun's picture

its a good thing mcdonalds is hiring 50000 people for their MCJOBS!!!!! World NEws Tonight assured us that these are moving up the ladder jobs!!!!!!Add that to Home Depots massive hiring this spring and everyone will have a job shortly be shore to add an hour on each end to pay for gas to and from. What a great economy!!!!

Thu, 04/07/2011 - 22:51 | 1148165 Caviar Emptor
Caviar Emptor's picture

Maybe that's where Fed's "other assets" are going

Thu, 04/07/2011 - 23:04 | 1148216 Long-John-Silver
Long-John-Silver's picture

How are all these new minimum wage employees going to afford $5 gasoline or a $40,000 electric car?

Thu, 04/07/2011 - 23:11 | 1148241 Professor Hindsight
Professor Hindsight's picture

Obama will finance the car with 0 down at 0% for sideways8 months.

Problem solved.

Thu, 04/07/2011 - 23:38 | 1148386 Hansel
Hansel's picture

∞  <---- that's right, I'm too legit to quit

Thu, 04/07/2011 - 23:13 | 1148259 Caviar Emptor
Caviar Emptor's picture

...and $200/month smartphone plans, $200/month cable and $10 Big Macs?

Thu, 04/07/2011 - 23:43 | 1148417 Long-John-Silver
Long-John-Silver's picture

Ditch cable TV, that shit is obsolete. We get our video over the Internets now.

Thu, 04/07/2011 - 23:55 | 1148454 long juan silver
long juan silver's picture

Isn't it hard to see on a Commodore 200?

Fri, 04/08/2011 - 00:06 | 1148503 Long-John-Silver
Long-John-Silver's picture

I have a shiny new I-pad 2.

Fri, 04/08/2011 - 00:15 | 1148520 long juan silver
long juan silver's picture

Small family, eh?

Fri, 04/08/2011 - 00:56 | 1148688 Mentaliusanything
Mentaliusanything's picture

Picture beer and pretzels being sprayed everywhere. Thanks for the Sarc i needed that smart retort

Thu, 04/07/2011 - 23:04 | 1148219 High Plains Drifter
High Plains Drifter's picture

yeh the company is on the DOW.  that is all this country is about anymore. stupid fucking junk food burgers.........beam me up scotty wherever you are .........

Thu, 04/07/2011 - 23:10 | 1148250 johnnynaps
johnnynaps's picture

Add another hour for the increase in your grocery bill. And, don't forget to add 6 more hours so you can hedge inflation with the purchase of an ounce of silver. Oh, and another hour for the increase in property tax. What! I can't work over 34 hours a week? Wtf! Guess I'm gonna have to work a second job at BK just to pay my health insurance.

Thu, 04/07/2011 - 22:48 | 1148153 Mr. Denny Kneel
Mr. Denny Kneel's picture

That chart looks psychedelic or my kid put acid in my tea again

Thu, 04/07/2011 - 23:31 | 1148359 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I wish your kids would drop acid into everyone's tea.  That might actually solve our problems.

Fri, 04/08/2011 - 02:57 | 1148936 GoinFawr
GoinFawr's picture

He does kinda look like Abbie Hoffman...

Thu, 04/07/2011 - 22:52 | 1148157 long juan silver
long juan silver's picture

Ah, the Hunt high was $50.

During the Hunt brothers' accumulation of the precious metal, prices of silver futures contracts and silver bullion during 1979 and 1980 rose from $11 an ounce in September 1979 to $50 an ounce in January 1980

http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt

Thu, 04/07/2011 - 22:56 | 1148179 mcmoo
mcmoo's picture

Headline reads, "silver at new POST Hunt High".

Thu, 04/07/2011 - 22:56 | 1148188 long juan silver
long juan silver's picture

And what does my post say?

Thu, 04/07/2011 - 23:05 | 1148215 Filthy Rotter
Filthy Rotter's picture

That you don't understand the word "post"?

Thu, 04/07/2011 - 23:18 | 1148228 long juan silver
long juan silver's picture

You obviously insert the word randomly without seeing it. How does your mother feel about the habit?

Thu, 04/07/2011 - 23:12 | 1148249 Careless Whisper
Careless Whisper's picture

$50 in 1980 adjusted for the always transitory inflation is $128.50

 

Thu, 04/07/2011 - 23:21 | 1148295 long juan silver
long juan silver's picture

And your point is?

Fri, 04/08/2011 - 00:32 | 1148591 Richard Head
Richard Head's picture

Hey willy the bastard, don't you get tired of embarrassing yourself with your stupidity here, over and over and over again?

Thu, 04/07/2011 - 23:21 | 1148306 RockyRacoon
RockyRacoon's picture

Finally, a relevant number!  Saved me the trouble.

Fri, 04/08/2011 - 02:36 | 1148897 macktheknife
macktheknife's picture

Hey RR,  Can't tell you how many months ago, I read the nice entreaty by one of the old hands- for the old posters to get back on Zerohedge.  I discovered ZH , I guess, about a year ago, and, I am embarassed to admit, that I took to posting here, like a teen takes to foreplay lubed with buttered popcorn - I loved, beyond compare, this community.  Then, I don't exactly knbow why - well, I was called a sociopath one too many times, I stopped participating.  Of course, as I suspect, I have followed very closely, every day, just without participating - I think there are many old posters doing this.  What I want to say is -  I want to thank people like Rocky Racoon - that have soldiered on.  I  used to say, how much Cog Dis, Do Chen,  Chumbawumba - all of them, mean to me each day. You are all very much appreciated.  My sense is, the discourse HAS deteriorated some - there simply do not seem to be as many knowledgebale people particpating - that being said, we all really do, just wnat the conversation to continue - the Math Man, the Jon Nadler - and, sucks, I can't even remember the names of some of the trolls that preceded them- but we need you all- we need the conversation to continue.  Tyler has done a magnificent job of nurturing this place to mainstream presence- WITHOUT compromiing ANY integrity.  

I wish some of the older posters would participate - I have so sadly watched MsCreant's post become fewer and fewer (I'm melting, I'm melting).    My point is, ZH is such a lone voice- becoming more valuable each day, and let's all make whatever effort we can to keep this alive.  The discourse is getting weaker, not stronger - and we need to Man Up.   Again I thank Racky, and Do Chen and Cog Dis, and Colonel Cooper- and, JFC -  Turd.      And, Banzai, whoever THE FUCK you are in real life - even if you are some Asperger's freako scriptkiddie -  keep it the fuck up -  your image/cultural knowledge is perfect, and your skillset Bespoke.  You, and your audience, are bobbing along in sync-  keep doing exactly what you are doing- and, if you ever get the sense that maybe you have pushed it a little too far-  just step down on that pedal.   I want to see your mind producing images that are as easy as a greased dildo exiting from a seizing meth ho's butt.  

Fri, 04/08/2011 - 06:24 | 1149101 zhandax
zhandax's picture

Just reply "Its highly functional sociopath to you, fucktard".  Great conversation starter.  

Noli sinere te ab improbis opprimi

Fri, 04/08/2011 - 06:52 | 1149126 mick_richfield
mick_richfield's picture

I think that WB7 is, in real life, still WB7.

There's no way that a site this good will fail to attract more than its share of trolls, shills, freaks, and twits.  All that is necessary for evil posters to win is for good posters to do nothing.  Don't let the illegitimi carborundum you down.

Now, please excuse me.  I learned from one of the paid establishment shills around here that I can dig up silver for 5 bucks an ounce!   I'm going out to get a shovel.

 

And ... Fed delenda est.

 

Fri, 04/08/2011 - 07:16 | 1149162 Ricky Bobby
Ricky Bobby's picture

The arrival of trolls and misinformation dispensers is confirmation of the importance of this site. I won't be suprised if it is censored at some point.

 

Res publica mortuus est, vivat imperium

Fri, 04/08/2011 - 11:48 | 1150103 RockyRacoon
RockyRacoon's picture

I'm glad you're still here.  Perhaps, and I say this at the risk of incurring some wrath (junks), the problem is the nature and quantity of articles which are "off topic".   The depth of articles into "real" economics and finance are seemingly less encountered.   Maybe it's just me, but I recall having to look up half the terminology used in articles.   It was quite an education.  Not so much any more?  Like I say, maybe it's just me.

Thu, 04/07/2011 - 22:57 | 1148184 quasimodo
quasimodo's picture

No shit, but the article states "post" Hunt high.

Albiet not too much longer and the Hunt high will be a distant memory

Thu, 04/07/2011 - 22:57 | 1148192 long juan silver
long juan silver's picture

And what does my post say?

Thu, 04/07/2011 - 23:03 | 1148214 quasimodo
quasimodo's picture

That time of the month?  Anyone here knows about the $50 threshold during the Hunt run up--your point is?

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