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Would you want Freedom fries with your order?
I forgot all about that.... hah. (The whole freedom instead of French)
Obama offers surprise face time to Memphis high school seniors
nice link/story. thanks!
Well said, I agree.
It finally feels like its all catching up with us...maybe we kick that proverbial can down the road one more time, but the web of debt and bailouts is starting to unravel
the can is a rigged IED this time.
Isn't the main question just who's going to be left holding the bag?
Will it be China, Japan and other creditors? J6P and Main Street? Or, in a bizarroworld where there is justice, could it actually be the TBTF banks and other guilty parties?
Only the first of those options would let us keep some portion of our false prosperity, of course, and then only if it somehow doesn't lead to war.
how about everyone outside the banker class criminal power cult?
The Merchant of Venice will have his pound of flesh.
Might be suspended animation this week, but people are feeling the pinch. I am. Increasing gas prices from 2.58 to 4.00, a 35% increase - a 2 car family spending $328 per month is now spending $508, a decrease to disposable income of $180. Increasing food prices...have you seen the price per pound of ground chuck lately? Many items are very expensive...a package of Lorna Doones, the small package is now 4.59. The cereal boxes are substantially smaller for higher prices, same with laundry detergent.
Clothing prices are higher. Money is getting less available for the poor and the middle class.
The taxpayer will be left holding the bag:
So far, buying of U.S. Treasuries remains voracious.
TLT at HOD.
Bill Gross continues to get "Waterboarded".....
Only a matter of time before he has to close that trade.
And then he'll have to use his $90 billion in cash to "catch up" by chasing equities...
He might have to use some of those billions to chase Treasuries......after he reaches max pain, of course.
The reason they are buying treasuries is because they are bailing on the stock market. Plain and simple.
care to update us on your jcp call of the day? or tzoo? or zlc? stick to utility stocks. you'll save yourself money.
Careful with your mocking of Bill Gross.
In 2007, he dumped his subprime holdings saying something to the effect that they were "dressed up in red lipstick, wearing pump shoes, hanging in the red-light district".
He was content to have TRF in the middle of the pack for a quarter or two. After that, he was #1 versus his peer universe, and finished near the top for the year.
He is not often wrong with big bets, and he cares not about being early. Which is a good thing, because with a fund that size, he has to be early. So he might as well talk his book.
Suspended animation? Look, possession has always been nine tenths of the law. Once all the fiat burns, it will be 100% of the law. Got physical? "Mark to unicorn" accounting is fantasy and will die when people demand their unicorns back. None of this ends well, so hedge accordingly and by that I really mean prepare accordingly. Every choice you make is technically a "hedge" in one form or another.
Apmex introducing fractional silver coins that memic old liberty head dimes. What do they see in the future.
The premiums over spot are obscene on this APMEX project. Also, what is the difference from what they are doing with these and what Von NotHaus is probably going to jail for?
Seriously. Buy a sack of 90% silver quarters.
The system is unsustainable, and no matter how much extend and pretend they do. It will implode in on itself. We are moving back to a more stable system. Come Hell or High water.
Here's the whole history, starting with WWII:
Oh, that is so funny... and true.
Lets just have a worldwide happy all debts are forgiven day. That or WW3.
"This is not the warm and fuzzy stagflation of the 1970s..."
Using the term 'stagflation' to describe our current situation glosses over the present situation. We had 'stagflation' in the 70's and having lived through that, what we have now is far more onerous.
We need to come up with a new name that reflects where we really are.
'Bankrupt'. (Pre-post Banksubservience)
very nice, i would add
Indeed, inflation everywhere in everything ..... except for copious amounts of DSK deflation, and no printing press in the world can help that prick.
speaking of which, a video just popped up on my screen : "you know that when you use Lysol at home, you'll know you're a part of something bigger..."
don't watch any tv, so guess i'm not used to this, but wow, they're really starting to pile it on.
Masturflation. It's the only gratification we'll be getting.
Just use the abreviated term, Bob-n-Fred.
Congress: "Oh God, we've been Bob-n-Fred'd by the Crentral Banks!"
The Bernank: "This is not the Bob-n-Fred-er you're looking for".
It's only a matter of TIME!!!!
i agree with his thinking. it ought to be obvious to most everybody.
This is what it's like in the center of a singularity...
...mirrors reflecting mirrors reflecting mirrors...
I've had a feeling of suspeded animation too for a couple of years. It is like I'm watching a movie of a tidal wave of disasters heading for shore in slow motion. For the last 6 months though it seems like the movie is speeding up. When it reaches full speed the wave will be upon us.
Kinda reminds me of this: http://www.youtube.com/watch?v=9ryPUJyQf6g [Monty Python - Lancelot running]
It just seems to take forever - until. . . .
Excellent post Tyler - but it does not matter.
The great majority do not know of what you speak, nor understand the powerful words you have written.
We are in the eye of the hurricane. Everything is calm until it is not. The tipping point has not been hit. The masses especially those who have not been affected by unemployment in the last 4 years do not understand any of this.
Like an attempt to jump the Grand Canyon, we have left solid ground and are presently temporarily suspended in mid air, looking at a clear blue sky. What awaits us below is not visible nor measurable in speed of descent nor final outcome.
As far as the "great majority" is concerned, I work in a company of 34 people in New England. With our accountant today I used the word "austerity" to describe the belt tightening we've been doing here and she stopped me to say she didn't know the term.
I find the ignorance of our fellow Americans guarantees our political & economic doom. Nothing else. Our true bogie man is not the banker, or imam, ChiCom, Frenchman, liberal or conservative; it is the boobus Americanus, the great majority you speak of.
Sounds like you need a new accountant.
She's very good at what she does, and like so many others around me, has no idea of what is happening beyond her two screens.
I know what you mean. I was in a continuing education class with a bunch of CPAs back when AIG was bailed out, and when I started talking about how outrageous is was that Geithner was in the room during the "negotiations" they had no idea what I was talking about, nor did they care.
Geitherner was simply doing his job: making sure TPTB got their way. He works for them, not us.
"In a way, the world-view of the Party imposed itself most successfully on people incapable of understanding it. They could be made to accept the most flagrant violations of reality, because they never fully grasped the enormity of what was demanded of them, and were not sufficiently interested in public events to notice what was happening. By lack of understanding they remained sane. They simply swallowed everything, and what they swallowed did them no harm, because it left no residue behind, just as a grain of corn will pass undigested through the body of a bird."
George Orwell, 1984
Daily I am reminded how little our population understands about what's going on. It amazes me how little the same population understands even simple math. It's hard to be optomistic going forward. That quote says it all.
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