Guest Post: “Only Thing We Have to Fear Is A Lack of Fear Itself”

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Wed, 06/15/2011 - 13:29 | 1371706 Ahmeexnal
Ahmeexnal's picture

Reality is about to set in.

By then, it will be too late.

Wed, 06/15/2011 - 13:30 | 1371728 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Nah, they know they got big problems. I'd say its 33% arrogance that somehow they can fix it/ 33% denial, with 33% stupidity, with the slim sliver of the remainder grimly embracing the Deep Impact comet movie scene, waiting for the inevitable, somehow hoping its not as bad as they think it will be.

Wed, 06/15/2011 - 13:38 | 1371751 HelluvaEngineer
HelluvaEngineer's picture

If we get to 1250 today, it's gonna be fireworks.  They shouldn't have chased out the shorts yesterday.

Wed, 06/15/2011 - 13:50 | 1371814 jus_lite_reading
jus_lite_reading's picture

Actually the only thing we have to fear is the FORT CALHOON NUCLEAR POWER PLANT!!!! NOW A LEVEL 4 EMERGENCY!!! SAME AS FUKUSHIMA WAS!!!

http://fiatsfire.blogspot.com/2011/06/meltdown-wednesday-greece-at-level-7.html

The sky may be really falling or at least starting today!!!

P.S I am back from weekend vacation!!!! reading updates!!! I will write my findings later!!!

Wed, 06/15/2011 - 14:18 | 1371961 jus_lite_reading
jus_lite_reading's picture

Does nobody live near the Missouri river?!?! Hello people!!!  

Wed, 06/15/2011 - 14:58 | 1372117 JW n FL
JW n FL's picture

http://www.youtube.com/watch?v=LR8dlcI49X8&feature=related

 

People of the Mid-West... the Nukes are coming to you! som much for being safe from the crowds in the middle of no-where!!

Wed, 06/15/2011 - 15:15 | 1372205 JW n FL
JW n FL's picture

http://www.propublica.org/article/electrical-fire-knocks-out-spent-fuel-cooling-at-nebraska-nuke-plant/single

 

A fire [1] in an electrical switch room on Tuesday briefly knocked out cooling for a pool holding spent nuclear fuel at the Fort Calhoun nuclear plant [2] outside Omaha, Neb., plant officials said.

The safety of deep pools used to store used radioactive fuel at nuclear plants has been an issue since the accident at Japan's Fukushima nuclear plant in March. If the cooling water a pool is lost, the used nuclear fuel could catch fire and release radiation.

Wed, 06/15/2011 - 15:17 | 1372233 JW n FL
JW n FL's picture

> NRC Library

> Document Collections

> Reports Associated with Events

> Event Notification Reports > 2011 > June 15

Event Notification Report for June 15, 2011

U.S. Nuclear Regulatory Commission
Operations Center

Event Reports For
06/14/2011 - 06/15/2011

** EVENT NUMBERS **

 

46938 46944 46945 46946 46948 46957

 

 

Wed, 06/15/2011 - 15:25 | 1372277 JW n FL
JW n FL's picture

ALERT FOOTAGE OF LATEST FLOOD LEVEE BREACHES, IOWA, MISSOURI Nuclear Danger http://t.co/MLbkrZb via @youtube

Wed, 06/15/2011 - 21:00 | 1373195 JeffB
JeffB's picture

Holy crap, people! You're scaring the hell out of me.

Yeah, I live near the Missouri River. Well actually right between the Missouri & the Mississippi.

What's up with the engineers and planners on these things? They build nuclear power plants on "the ring of fire", on fault lines and in flood zones and then don't have any adequate safeguards against massive catastrophe if anything happens to go wrong, or as this engineer said, "If nature throws us a screwball." Like maybe a flood, or earthquake, tsunami or tornado? Umm, hello, isn't that a part of the game? Are screwballs outlawed in baseball? Did they outlaw earthquakes or tsunamis in Japan?

I want my mommieeeeeeeeeeee.

Well, at least we have the Fed & the IMF to save us on the economic front.

 

Wed, 06/15/2011 - 13:53 | 1371828 Hugh G Rection
Hugh G Rection's picture

normalcy bias bitchez!

Wed, 06/15/2011 - 13:31 | 1371718 GeneMarchbanks
GeneMarchbanks's picture

NO fear!? well maybe...

But I guess there will be a sad day when everone understands what huge risks they've been taking, it'll be too late. Many suicides will commence.

Wed, 06/15/2011 - 13:31 | 1371732 Boston
Boston's picture

Jump!

Wed, 06/15/2011 - 13:36 | 1371734 Boston
Boston's picture

.

Wed, 06/15/2011 - 13:54 | 1371852 GeneMarchbanks
GeneMarchbanks's picture

I'd just like to go on record saying that I'd rather prefer people not to jump. Even bankers. My impression is that it'll come to that simply because the illusion is so powerful. It's a sad state of affairs in the so called civilized world.

Wed, 06/15/2011 - 13:34 | 1371719 Ahmeexnal
Ahmeexnal's picture

And yet, even when the sheeple realize that governments do not care about them, they will still cling on to denial. 

Men are infinitely malleable.

Wed, 06/15/2011 - 13:32 | 1371737 oogs66
oogs66's picture

baby owls can imprint themselves on human handlers...it is in the nature of children to trust even when not rational

Wed, 06/15/2011 - 13:49 | 1371827 jus_lite_reading
jus_lite_reading's picture

I believe the condition is called Stockholme Syndrome.... the sheeple want to believe their rapist is a good guy!

I was in RI ovet the weekend and I have never seen such ghettos and trailer homes. Every corner there was one. RHODE ISLAND looked like HAITI!! WTF?

Wed, 06/15/2011 - 14:53 | 1372113 topcallingtroll
topcallingtroll's picture

He he

Trailers aren't just for the south anymore.

We prefer to call it modular portable housing anyway.

 

Wed, 06/15/2011 - 14:58 | 1372120 JustPrintMoreDuh
JustPrintMoreDuh's picture

So not nearly the paradise that is Detroit, Harlem, Watts, etc ...?

Wed, 06/15/2011 - 14:55 | 1372101 topcallingtroll
topcallingtroll's picture

Becuase they don't understand the system (central planning, socialist transfer payments) is what is fucked up.  Mankind does not have the wisdom to make it work.  This is why our founding fathers in the usa tried to limit government.  Government eventually fucks up everything if it is not kept small and powerless.

However the sheeple think that the failure was caused by the current politicians not the system itself.  Sheeple set themselves up for repeated failures and misery since they reject the nihilist politician and will repeatedly vote for the charlatan who promises he can make big government work.

The fact that it has never worked before doesn't cause them to question the system.

Wed, 06/15/2011 - 15:45 | 1372338 centerline
centerline's picture

The timeframes are too long for experience to lead.  And history is rewritten as needed to obscure.

Wed, 06/15/2011 - 21:04 | 1373204 JeffB
JeffB's picture

It's sad that so many people seem to understand the problems and can articulate them so and even the solutions so very well and yet everyone seems to be powerless to do anything to stop the carnage.

 

Wed, 06/15/2011 - 22:26 | 1373343 CH1
CH1's picture

Yeah... it's tough to stop 300 million suckers who've been told there's free beer in the next room.

Wed, 06/15/2011 - 13:29 | 1371724 Seasmoke
Seasmoke's picture

The FED and IMF are mom and dads who are child molestors

Wed, 06/15/2011 - 13:38 | 1371747 GeneMarchbanks
GeneMarchbanks's picture

That begs the question are people better off as orphans or does the paternal/maternal Entity keep on daughter-diddling?

Wed, 06/15/2011 - 13:36 | 1371756 subqtaneous
subqtaneous's picture

See: Lizzie Borden or Lyle & Eric Menendez

Wed, 06/15/2011 - 14:00 | 1371812 GeneMarchbanks
GeneMarchbanks's picture

I see what you did there... clever.  so murder, something to look forward to!

Wed, 06/15/2011 - 14:44 | 1372080 topcallingtroll
topcallingtroll's picture

Lizzy Borden had an axe

She gave her father 40 whacks

and when she saw what she had done

she gave her mother 41

Wed, 06/15/2011 - 13:33 | 1371725 nantucket
nantucket's picture

was it here that I saw an article about low vol because so many mkt particpants selling calls to generate income drives down the price of calls (and with it vol, or std dev, an input in black scholes goes down as well).  i forget, i read too many fin and mkt blogs 

Wed, 06/15/2011 - 13:33 | 1371726 Alea Iacta Est
Alea Iacta Est's picture

Look! In the sky! It's a bird! It's a plane! No....it's.....a Black Swan! OH DAMN!

Wed, 06/15/2011 - 13:30 | 1371729 Sudden Debt
Sudden Debt's picture

I found a good way to explain to people what's happening and going to happen.

ADD a little upside in the story!

I always begin like this:

Remember how our parents where able to buy such big houses in the 70's and 80's?

The reason was because their wages suddenly popped 300 to 400%.

It was all because of inflation back than and...

 

Believe me, you've got everybodies attentions with a starter like that.

 

Wed, 06/15/2011 - 13:32 | 1371736 Eireann go Brach
Eireann go Brach's picture

Bernanke is currently in the fetal position right now crying for his mother!

Wed, 06/15/2011 - 13:36 | 1371757 Caviar Emptor
Caviar Emptor's picture

Wile E Coyote has no fear!......Until.. that.. moment

Wed, 06/15/2011 - 13:41 | 1371761 Atomizer
Atomizer's picture

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."

-Lord Acton (1834-1902)

Wed, 06/15/2011 - 13:43 | 1371768 redpill
redpill's picture

Gold hanging on as the market takes a dump.  That isn't supposed to happen during a deflationary stock environment, according to some.

 

Wed, 06/15/2011 - 13:52 | 1371848 qussl3
qussl3's picture

FED still printin - check.

ECB bullshit liquidity programs still printing - check.

Ummmm what deflation?

Till someone defaults and bank capital and assets go whoosh we still have plenty liquidity.

Wed, 06/15/2011 - 14:01 | 1371866 Quintus
Quintus's picture

In a deflationary episode, people will abandon investment assets and rush back into Money.  The gap in the dollar deflationists' logic is that they fail to recognise that Gold is, and has always been, Money.  Not currency.  Money.

Wed, 06/15/2011 - 14:02 | 1371876 equity_momo
equity_momo's picture

Bingo. 

Wed, 06/15/2011 - 14:31 | 1372014 Dr. No
Dr. No's picture

Gold is at $1520/oz.  So you expect gold to be worth more in the next 3-6 months?

Wed, 06/15/2011 - 15:40 | 1372316 gmrpeabody
gmrpeabody's picture

Dr. Yes

Wed, 06/15/2011 - 16:15 | 1372449 Shell Game
Shell Game's picture

..and short-term oscillation matter why?

Wed, 06/15/2011 - 15:24 | 1372273 dust to dust
dust to dust's picture

 Bingo+1

Wed, 06/15/2011 - 13:47 | 1371800 Josh Randall
Josh Randall's picture

SNAP Safety Blanket = As soon as thats gone, or people become 99ers - then watch the fear roll

Wed, 06/15/2011 - 13:48 | 1371804 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Nobody on a white horse is coming to save you.

@#$%

Wed, 06/15/2011 - 13:47 | 1371817 walcott
walcott's picture

the only people still sucking off mommies tit are the dirt bag bankers who have screwed everybody.

Wed, 06/15/2011 - 13:47 | 1371820 Rusty Shorts
Wed, 06/15/2011 - 13:58 | 1371856 centerline
centerline's picture

A comparison of the market to kids and the IMF, ECB, and Fed as loving parents who make the market feel better?  What a turd of an analogy.  Come on.

 

Wed, 06/15/2011 - 14:00 | 1371860 Vinny
Vinny's picture

This analogy doesn't work. The Fed and IMF have manipulated the market not to feed the "kids" but to eat them instead. The people who trade in these comodities have had to adjust to these tyranical overlords so that they can survive. They've done their best to predict these overlords and now your point is that the overly benevolent IMF and FED should go on a shooting spree?

I don't think so.

At some point, all tyrants get slaughtered. That is the happy thought which should be racing through the minds of FED and IMF directors. 

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