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Guest Post: Who's Lying?

Tyler Durden's picture





 

Submitted by Jim Quinn of The Burning Platform

Who's Lying?

Have you noticed the latest sound bites coming from the punditry in
the corporate mainstream media? Here is the latest wisdom flowing from
the lying mouthpieces of the ruling oligarchy (Wall Street, Washington
DC, Mega-corporations):

The economy is recovering and employment is growing.

Consumers are deleveraging, saving and using cash for purchases.

Retailers are doing fantastic as consumers increase spending.

These are the three themes being proclaimed
simultaneously by the mainstream media. Every time I hear these themes
proclaimed, I want to shout out like Joe Wilson – “YOU LIE!!!”

How can consumers be deleveraging, saving and increasing spending at the same time? Let’s examine the facts to see who is lying.

The fallacy that the economy is recovering
and employment is growing can be put to rest by an examination of the
BLS data accessed here: ftp://ftp.bls.gov/pub/suppl/empsit.cpseea1.txt.

The number of Americans employed over the last few years is as follows:

  • 2007 – 146.0 million
  • 2008 – 145.5 million
  • 2009 – 139.9 million
  • 2010 – 138.9 million

It seems there are 7.1 million less
employed people than there were three years ago. Contrary to the spin
from the White House, there are 1 million less people employed today
than during the horrific 2009 year. Luckily, another 6 million people
left the work force, or we’d really have a problem. The truth is that if
the government actually counted everyone in the country who wants a
job, the unemployment rate is not 9.8%, but 23% and it continues to
rise.

The economic recovery lie can be refuted by examining the data from the BEA located HERE and HERE.

The GDP of the US peaked at $14.5 trillion in the 3rd quarter of
2008. Today it stands at $14.8 trillion, two years later. GDP has gone
up for one reason and one reason only – the Federal Government has
borrowed trillions from future generations in order to artificially prop
up a system already crumbling from the weight of too much debt.
Highlights from the GDP calculation are:

  • Private investment is $216 billion lower today than it was in the 3rd quarter of 2008.
  • Exports are $80 billion lower today than they were in the 3rd quarter of 2008.

You may ask yourself how can GDP be higher if private businesses are
investing less and exporting less. The answer of course is your friendly
neighborhood Feds. The Federal government is spending $128 billion more
today than it was in 2008. The last piece to the puzzle is the beloved
consumer, who accounts for 70% of GDP. Good old Joe Sixpack has ramped
up his spending by a good $470 billion since the 1st quarter of 2009.
With this figure, we must be in a strong recovery. Larry Kudlow says so.

A little more digging on the BEA website reveals some interesting data:

  • Personal income has risen by $300 billion since the 1st quarter of 2008.
  • Strangely, private industry wages have DECLINED by $213 billion since the 1st quarter of 2008.

It seems that personal income has risen due to two major items. You
will be glad to know that government wages have risen by $58 billion and
drum roll please: government entitlement transfers have increased by
$523 billion since the 1st quarter of 2008. The Federal government has
borrowed hundreds of billions from future generations and paid it out in
the form of unemployment benefits and other social programs so that
consumers would spend it today. This is how you generate a positive GDP,
without generating a real recovery. And, of course, if the government
used an honest CPI rate, GDP would still be negative, just as it has
been for most of the past decade.

The great consumer deleveraging lie has been ongoing for the last six
months. The savings rate has “surged” from 4.8% in the 2nd quarter of
2008 to 5.8% today. The savings rate is calculated as what is left over
when you subtract personal consumption expenditures from disposable
personal income. The surge in saving is the result of the Federal
government borrowing from the Chinese and handing it to consumers to
spend. If the government wasn’t transferring these funds from future
generations to current generations, the savings rate would be 1.2%.

Revolving consumer debt (credit cards) has declined by $173 billion
in the last two years. This must mean that consumers are deleveraging.

Total consumer credit peaked at $13.9 trillion in the 1st quarter of
2008 and currently stands at $13.4 trillion. It sure looks like consumer
deleveraging. Consumers must have paid off $500 billion of debt. But,
the facts obliterate this fallacy. The Wall Street banks have written
off in excess of $600 billion since the 1st quarter of 2008, as reported
by the Wall Street Journal.
This means that consumers are actually charging more on their credit
cards than they were in 2008. Having your debt written off, rather than
paying it off says much about the great economic recovery of 2010.

The false reports circulating on network news programs is that
Americans are paying cash, rather than using credit cards. This is
completely false, as both Visa and Mastercard reported increases in
transaction volumes in their last quarters. Having worked for a big box
retailer, I know that the average credit card transaction is 50% to 70%
higher than the average cash transaction. If people were truly charging
less, the average ticket at the major retailers would be plunging.
Retail sales would be plunging. They are not plunging, as the major US
retailers report decent comparable store sales in the 2% to 5% range.

The National Retail Federation has forecast November- December
holiday sales will rise by 2.3 percent from a year ago, the most since
2006. A Bloomberg survey taken Dec. 2 to Dec. 8 showed economists raised
projections for consumer purchases, the biggest part of the economy, to
2.6 percent for next year, up from their 2.3 percent estimate the prior
month.

A little reality check about retail sales is in order. According to
the US Census Bureau, total retail sales over the last few years are as
follows:

  • 2007 – $4.5 trillion
  • 2008 – $4.4 trillion
  • 2009 – $4.1 trillion
  • 2010 – $4.4 trillion (estimated)

The fact is that there are thousands more retail outlets today than
there were in 2007, and total sales are still below the level reached in
2007. Not only that, but even using the government manipulated CPI,
inflation has risen 8% since 2007. On an inflation adjusted basis, 2007
retail sales in today’s dollars would be $4.9 trillion. Using the real
inflation rate of 20% over this time frame would generate an inflation
adjusted retail sales figure of $5.4 trillion. As you can see, the great
retail recovery of 2010 is a sham. Comparable store sales increases of
3% are inflation adjusted decreases of 5%. If you drive around with your
eyes open, you would think the hot new retailer in America is called SPACE AVAILABLE.  

I hate to be a wet blanket during this festive holiday season, but
the truth is that there is no self sustaining recovery happening. The
powers that be, with the help of their lackeys in the mainstream media
are desperately trying to convince you that everything is alright. It is
not alright. It is getting worse by the day. The only people spending
are Lloyd Blankfein and his ilk, while middle class Americans sink
further into despair and debt.

Who’s lying? You know.

            RULING ELITE

 

            MIDDLE CLASS

 


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Mon, 12/13/2010 - 16:30 | Link to Comment SilverIsKing
SilverIsKing's picture

"Let’s examine the facts to see who is lying."

Do we really need facts to see it?  Maybe one slightly blind eye would do the trick.

Mon, 12/13/2010 - 17:32 | Link to Comment DavidPierre
DavidPierre's picture

SmokeyQuinn again displaying his bestest yet

 'ignore-essence'!

 A man who sucks at the .gov teat all day at the Wharton School of 'Busyness', why actually blogging away on his website @ www.theSheepShitPaddock.com .

"It seems that personal income has risen due to two major items. You will be glad to know that government wages have risen by $58 billion..."

The only people spending are the hyprocrites  like  SmokeyQuinn ... who took his entire family on a week long cruise to the Caribbean recently, while middle class Americans, (who are not working for the state), sink further into despair and debt.

 

Who’s lying? You know!  Don't you... SmokeyQuinn!

{*about The9/11}

Mon, 12/13/2010 - 18:09 | Link to Comment EvlTheCat
EvlTheCat's picture

Could you please elaborate on why taking your family on vacation would be hypocritical? 

Are we all suppose to cancel our lives on the off chance the world will end tomorrow?  Am I suppose to write a check to the idiotic middle class, while I spent the last 10 years saving every penny, storing food, buying gold/silver, and alternate currencies? 

I can't speak for Quinn, but for me and my family, it's party time now. I went to Disney World over Thanksgiving and stayed at the park for 5 days.  I happily wear the crown of hypocrite!

While I watched all my friends blow their wads every month on crap like big screen TV to watch football, the latest iPod type gadgets, leasing BMW's, and Mercedes to look stylish, frequenting the mall once a week to blow a load on useless clothes, and buying $300,000+ homes because they were too stupid to realize they were over priced.  We saved, we lived within our means, we bought, and paid off, the dorky fuel efficient car, and we bought and sold our house when the market was down then up.

I am tired of the middle class (myself included) bitching about being blindsided by fraudulent bank practices, whining that it's not our fault we are being sucked into a quagmire of debt.  I am not even a financial genius and I figured out what the hell was going on?  And to top it off I stay home and raise my kids while my wife works.  How can we do all of this on one salary, two kids, two mediocre cars, two home mortgages?  We don't waste f-ing money, we plan and we save. 

Is it getting worse?  You damn right it is.  Am I scared?  You damn right I am, but I can tell you one thing my kids are going to have some fun while they are still young.  And while I can tap my vast savings to do so.  Because I will be damned if I am going to hand one penny more over to the government after they have already taken enough, the middle class after they have squandered so much, and the poor whose hand never stops extending.

Mon, 12/13/2010 - 18:18 | Link to Comment Rastadamus
Rastadamus's picture

I'm with you. I suffered privation and being the laughingstock of all my friends and now, I'm not laughing, I'm enjoying myself.

Wish it didn't have to go down like this, but it is, and I ain't.

Mon, 12/13/2010 - 19:18 | Link to Comment Mark Medinnus
Mark Medinnus's picture

Why can't we flag a comment positively?

Mon, 12/13/2010 - 20:30 | Link to Comment Walter_Sobchak
Walter_Sobchak's picture

how bout a thumbs up and thumbs down counter.

 

I'm long cannabis myself.

Mon, 12/13/2010 - 22:39 | Link to Comment lilimarlene1
lilimarlene1's picture

+1

Mon, 12/13/2010 - 18:56 | Link to Comment DavidPierre
DavidPierre's picture

What can one say to top this...

"I went to Disney World over Thanksgiving and stayed at the park for 5 days.  I happily wear the crown of hypocrite!"

Yuppers!... Spending your quality time and limited $ on Disney lies and propaganda 'to have some fun' sure makes sense and...

'... teach'ed you's chillen well...'

...............................................................

Mickey Mouse Monopoly {Propaganda}

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

 

 

Mon, 12/13/2010 - 19:35 | Link to Comment EvlTheCat
EvlTheCat's picture

That is it? That is all you can conjure?  BTW, I didn't junk you because every time you write something you show the world what you are truly made of.

And no I actually spent my quality time with my kids, and my wife.  Disney only received a small portion of my entertainment expenditures because I went in the off season.  I get to cherish the memories of their smiling faces, and comical laughter. Oh, and I did stop at Cape Canaveral on the way back to give them a little education about the Universe.  But I do appreciate your concern in both areas.

Oh, and my children know how to plant, grow and harvest their own food.  Do yours?  I sure hope so. Because if they don't, and we get lucky and the government doesn't take away our right to grow our own food, I will be glad to sell you some from my plot of dirt, but I only take silver and or gold depending on how desperate times are.  I have a fishing canal next to my house too.  If you would like to go hunting I will be happy to let you lease my property up North so you can get some nice boar?

Have a happy holiday, a great life.

Mon, 12/13/2010 - 20:22 | Link to Comment DavidPierre
DavidPierre's picture

"Oh, and my children know how to plant, grow and harvest their own food.  Do yours?"

Yuppers...

Got a great harvest this year.  Even the 3 yr. old grand daughter was out picking the potatoes with me.  I also... 'got to cherish the memories of her smiling face, and comical laughter.' (and it was free of the  toxic mental slug of Disney (Edward Barnays) Commercial Propaganda.  

The huntin and fishin is great, here in the valleys, way back up in the Northern Rocky Mountains with that great big lake.  I just be a'lovin them 'Slow Elk' and big Rainbows.  Not to mention all that great BC Bud... {free to locals...if you know how keep your yap shut.}

After my 40 years here, tis truly a wonder to my eyes  beholding U'alls that are finally waking up and understanding the 'NAZI PROGOM'...

{a form of violent riot, a mob action, approved and condoned by government and military authorities}...

being brought to a final climax now in the USSA.

...........................................................

How to Brainwash a Nation

http://www.youtube.com/watch?v=sZ8ZvYNlxiM

 

 

Mon, 12/13/2010 - 22:19 | Link to Comment EvlTheCat
EvlTheCat's picture

Do you believe in God?  Humility is one characteristic you missed out on at Sunday school.  I have never before, engaged a person before, who obviously has the knowledge and skills to survive, but lacks even the most basic ability to hold an adult conversation.  Why do you even bother engaging us mere mortals, if for nothing else to rub our nose in the shit?  Do you only come online to fling vial and dusgust at the world, not searching for one kindred spirit?  I hope the mountains can continue to enshrine your ego because if it grows any larger I fear it may blot out the sun.

And no I did not buy my children any toys there.  We went for the rides, but I am sure by engaging in these I have torn some hole in the fabric of the universe, which will doom us all to a burning hell.

I can't promise you much else David, but I will make this the last time I post to one of your replies. No matter how vial you are to me.

Enjoy your life!

Mon, 12/13/2010 - 19:42 | Link to Comment EvlTheCat
EvlTheCat's picture

And to address your obvious disgust at Disney separately.  As a Floridian I can tell you honestly there are a lot of happy people here because Disney is one of the largest employers in the U.S.. They have only laid off 2000 employees since the economic downturn, and a lot of people feel pretty lucky.  I may not agree with everything Disney does these days, but I am happy for one thing.  They are employing my fellow Floridians.

Mon, 12/13/2010 - 20:37 | Link to Comment DavidPierre
DavidPierre's picture

U'alls just a keeps a'bein happys and pretty luckies... with makin that mini-mums wages... a'workin for da 'MAN' that "is one of the largest employers in the U.S.S.A. ...

Mean whiles they keeps a'peddling more lies and falsey-fides and child-likened imaginings to yous' fellow MORONS. 

Tue, 12/14/2010 - 00:03 | Link to Comment StychoKiller
StychoKiller's picture

I understand what you're saying, but Children don't thrive too well in a bunker, go b!tch at some bankster instead.

Mon, 12/13/2010 - 19:07 | Link to Comment ElvisDog
ElvisDog's picture

Hey, I hope the ponzi holds together for 7 more months so my family and I can go to the Kaanapali Alii for a week.

http://www.classicvacations.com/hotels/hawaii/maui/kaanapali/kaanapali-alii

Might as well enjoy ourselves while we can.

Mon, 12/13/2010 - 20:53 | Link to Comment Smokey1
Smokey1's picture

David Pierre is a traitor coward who fled in disgrace to Canada instead of serving in Viet Nam. He is a deluded fucking nutcase and consumed with 9/11 conspiracy theories and other such nonsense. Quinn allows much latitude for expression on his site, and I  have been known to make off-color and/or racist comments over there. David Pierre siezes on this and claims Quinn and I are the same person. DP is angry that Quinn booted his sorry ass off the site for spamming 9/11 conspiracy shit. David Pierre is mentally unstable and in severe need of professional psychological evaluation.

Mon, 12/13/2010 - 21:24 | Link to Comment DavidPierre
DavidPierre's picture

SmokeyQuinn:

You is a'sttt...sttt...sttt...utterering and a'blathering and a'caring on as if you is got hot pee runnin down you leg in you's anger and frustrations. 

Why it a proved and beyond a doubt...backed by other ZH posters... and as well documented and foots-noted as is possible on the inner-netty: by  QUINN'S OWN FORMER WEBMASTER... that Jim Quinn and Smokey is and are the sames and like MORONS.

Now... just gives my a few moments and to go a'lookin back so to find find all them many and damn-nationing links to proves it a'once and for alls to see.

I wills be back in short orders.

Mon, 12/13/2010 - 21:49 | Link to Comment DavidPierre
DavidPierre's picture

Some of that basic research 

"WHO'S LYING?"

Go backing up using these links and read SmokeyQuinn's sordid history.

Now this is just some of the classic shit SmokeyQuinn runs on his blog.

See:
#577149

#577421

#495628

...................................................................................

#577815
Jason Rines, @ www.RagingDebate.com Smokey Quinn's former webmaster...

"Smokey and Jim are the same people, YES.

I mapped both the I.P.'s back to his office at Wharton."

Now... this is the teste-moanial WORD of a fine upstanding young man, and ZH member, who RAN AND GAVE FOR FREE, SmokeyQuinn a wonderful website for over a year.

His webmaster dumped him after many and repeated lies and out right class bigotry and obscene racist postings.  Quinn is a hypocrite surrounding himself by 'ewe lovin' sycophants.

........................................................................................

Quinn is THE problem... not just a symptom.

The guy is absolutely stupidist about The9/11  and believes everything in the offical lies and untruths of the Mafia/Government conspiracy theory.

"YUP!... Three buildings just fall down...end of story."

He's just a convenient tool for the system...spouting economic BS... just more Smokey & Mirrors.

 SmokeyQuinn's is an angry Philly hillbilly: an ivory tower right wing racist reactionary. Quinn sucks at the government tit, while pretending to have all these great dem dar "Fourth Turding" insights!

......................................................................................

SmokeyQuinn:

Go on back to your shit blog!  You will always have 'your sheep' who will still respect you in the morning.

Mon, 12/13/2010 - 21:56 | Link to Comment EvlTheCat
EvlTheCat's picture

Thanks for the background Smokey1.  I am new to ZH, but not new to individuals like David.  In fact I have an uncle who probably is his neighbor in whatever compound he resides in. 

Mon, 12/13/2010 - 22:21 | Link to Comment DavidPierre
DavidPierre's picture

Hey Newbie...you likkey SmokeyQuinn so muchy go checks out his recent comments over at www.EweShitPaddock.com where they are presently indulging in some more racist shit.

Smokey says:

That’s liberals putting your tax money to work. Malcolm X—–black supremacist, avowed racist, alley nigger.

ragman—-You reckon if any of the Founding Fathers had been a nigger, there is a remote chance there would be a mural of him?

 

Like or Dislike: 3  1

13th December 2010 at 4:14 pm

................................................................

I'm just a shill for SmokeyQuinn... sending MORONS by the dozen over to his blog. 

You  next?

Tue, 12/14/2010 - 03:56 | Link to Comment DavidPierre
DavidPierre's picture

SmokeyQuinn:

In case you miss it... left you a couple of love songs here...#803949

I do nose how much you luvs the polelitekal-songs and funnies-comics and moving-pictures and such like important cultural stuff.

Mon, 12/13/2010 - 22:26 | Link to Comment EvlTheCat
EvlTheCat's picture

What astounds me Smokey1 is that by his own admission he has at least one grandchild.  Meaning some women out there found him comely enough to bread with.  Maybe it was the 2 minutes after he was done, and the silence was broken, she began to regreted her choice?

Mon, 12/13/2010 - 22:48 | Link to Comment DavidPierre
DavidPierre's picture

"bread?"

Yous MORONS just'a proves me a'rights overs and overs agins.

I for surely tooks ma 'bread' and a split U'alls MORONS Nazi Homeland when TheNixon was Mine Furher.

*I was a readin a whiles back yous no longers wants to play with I ...

Pity!  Yous speells worsen I does.

Mon, 12/13/2010 - 22:44 | Link to Comment Smokey1
Smokey1's picture

EvlTheCat----There are many regulars on Quinn's site. All of them know that Quinn and me are different people. I get in arguments with Quinn on his site all the time about various issues. Even glancing at his website will verify this and expose David Pierre as a liar. Nearly everybody on that site ridicules DP because he has a well deserved reputation as a psychotic fool. Every article that this site picks up of Quinn's, DP starts in with his lies about Quinn. David Pierre is a sociopath that needs professional help.

Mon, 12/13/2010 - 23:04 | Link to Comment EvlTheCat
EvlTheCat's picture

Smokey1 my brief encounter with mister Pierre is what it is.  Time is never wasted when exposing fools to the world.  Especially ones who are so willing and eager to do it themselves.  Many people with very valid arguments just seem to loose all contact with reality when faced with the truth. 

I bid you a good evening, and I do apologize for the misspellings in my last post.  It seems that someone was so eager to flame me that I was unable to go back and correct my two mistakes.

I look forward to chatting with you again in the future.

Mon, 12/13/2010 - 23:14 | Link to Comment Smokey1
Smokey1's picture

Best to you, EvlTheCat.

Mon, 12/13/2010 - 23:27 | Link to Comment Jim Quinn
Jim Quinn's picture

EvlTheCat

Stop over at The Burning Platform if you want to avoid David Pierre. He is banned from my site for being a pathetic excuse for a human being.

www.theburningplatform.com

 

Tue, 12/14/2010 - 04:06 | Link to Comment DavidPierre
DavidPierre's picture

Bring your own KY jell for SmokeyQuinn is  obscenely anal fixated.  His site... www.TheEweLoversPlatform.com 

...is just about as bad a Doucheingger's but with lots more racism thrown into the mix... for those so inclined.

I'm disappointed in you MORON... what no obscenities or references to your love of bestiality with ewes?

When you going to do another 9/11 on ZH to let the folks know... 'how's reallies smarts yous is'?

...............................................................

Tue, 12/14/2010 - 00:21 | Link to Comment EvlTheCat
EvlTheCat's picture

Mr. Quinn I appreciate the invitation, and happily accept.  With such a white hot poker of an endorsement, as has been given by Mr. Pierre personally, I would be a moron not to check it out.  If not for the insightful information, but to escape the malignant nature of David Pierre.

P.S. I hope you and yours had a splendid Thanksgiving vacation?!?  That is, if there is any fact in what Mr. Pierre has divulged?

Tue, 12/14/2010 - 00:31 | Link to Comment DavidPierre
DavidPierre's picture

SmokeyQuinn:

There's I gots a really fine newbie for yous MORONS on www.TheEwesBrothel.com to abuse and ridicule and mock with cartoons and such like features of the place.

Tell him to go and read Your 30 Blocks of Racism Thread and then he can get back to me.  You know the thread you went and tried to clean up by deleting after I called you out on ZH.  Why don't you come out and lie some more and deny this also...MORON!

Tue, 12/14/2010 - 02:22 | Link to Comment DavidPierre
DavidPierre's picture

SmokeyQuinn:

Someone else be a'callin you out for your plagiarism.

molotov
on Mon, 12/13/2010 - 21:03
#803420

john williams of shadowstats.com likes link love and it least a mention when you use his charts mr quincy.

Tue, 12/14/2010 - 04:14 | Link to Comment Seer
Seer's picture

Not in defense of DP, but this "traitor" shit is, well, it's shit, unless, of course, one is a traitor by not committing crimes (Viet Nam).

Also, 9/11, the "official" story is closer to a conspiracy theory than the apparent reality (you know, pesky gravity getting in the way of that concocted BS).

You're free to bash DP, but these other ramblings don't exactly paint you as a some sort of knowledgeable saint...

Tue, 12/14/2010 - 04:44 | Link to Comment DavidPierre
DavidPierre's picture

Seer:

Those are some fine, understanding and upstanding words and 'The DP' is most and awful gratified and humbled to be taken somewhat seriously in this here esteemed and learned journal by peoples like you.

ps. happy anniversary!

pps. Love songs to SmokeyQuinn

#803949

Mon, 12/13/2010 - 16:46 | Link to Comment pamriallc
pamriallc's picture

Just awesome Tyler....  Hard Hitting as usual....

Remember, though, that unemployment or rather, the "rate of employment" is a lagging indicator and not a leading indicator.

Typically you'd see more action that we've seen so far on the employment front, but my view is that we'll see it soon enough,  We'd have witnessed employment and credit ressurection more quickly *without* all of this stimulus, but since we didn't have a vote on that one, we're now having to work it out more creatively given what we're being left with.  Not ideal by a long shot.

Sold my farm a few months ago, now trying to acquire a much larger one.

Gotta hit all of the elements of investment.  Should we see a total collapse, we're left with the *ONE* eternal truism for any government, capitalist or quasi-capitalist system.

***You only own what "people" agree that you own***

Regardless of the final outcome, diversification is absolutely critical to long term survival.

Become a farmer?  Sure, if that's what it takes, you bet....

Shawn A. Mesaros, Pacific Asset Management  (Pamria, LLC)

Mon, 12/13/2010 - 22:07 | Link to Comment Windemup
Windemup's picture

The same blind eye that lets these lies pass for facts?

Mon, 12/13/2010 - 22:28 | Link to Comment caconhma
caconhma's picture

In a nation of blind people, an one-eye man is a king.

In a land of stupid and ignorant people, the government is a kingdom of truth.

Mon, 12/13/2010 - 16:51 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Using the term "ruling elite" is a stupid way to trick yourself into continuing the paradigm.  They do not rule and they are not elite.  It is only by accepting these terms that this could happen.

The problem is that people, as the tribe, do not hold their own wealth, and by letting banks hold the ways and means, the entire system is ruined.  It is very simple:  Buy Silver.

Hold Your Own; $500 Silver:

http://lhmarketwatch.blogspot.com/2010/12/hold-your-own-500-silver.html

Mon, 12/13/2010 - 16:31 | Link to Comment unwashedmass
unwashedmass's picture

ah, why get so bent out of shape? watching CNBC awhile ago, there was a talking head who proclaimed smugly, "this is a pretty comfortable place here now for retail to get back into stocks"...

i mean when you got people who can lie thru their teeth as smoothly as this as the Dow hits lunatic highs that every technician is salivating to short......

Mon, 12/13/2010 - 16:55 | Link to Comment akak
akak's picture

And yet ZeroHedge continues to post the same kind of ridiculous, dissembling, disingenuous CNBC-like crap, via the contributions of Leo Kovilakis.  His every post, and most especially his execrably pro-establishment, pro-financial-corruption comments in the ZH forum, runs exactly contrary to the anti-establishment, anti-corruption, pro-transparency, pro-reform message disseminated by everything else on ZeroHedge.  So what is his purpose here?

Mon, 12/13/2010 - 16:59 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Fellow warrior akak!

ZH has always seemed to me to be a freedom oriented site.  Let a 1000 trolls bloom!

We´ll just blow them away!  Like you, dumpster, Colonel_Cooper, etc. did to Bravo!

I´ll take yellow gold over yellow sun Leo!

Mon, 12/13/2010 - 17:07 | Link to Comment akak
akak's picture

Let a 1000 trolls bloom!

Cool, that gives me the opportunity to use my 55 gallon drum of industrial-strength Roundup!

Must be just a coincidence that they put it in a gold-colored drum, too.

But I wonder, does it work on insects too?  I wouldn't want to miss Leo.

Mon, 12/13/2010 - 17:12 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Any trolls come round my place after the SHTF, I will hose ´em down with my AK...

Mon, 12/13/2010 - 17:42 | Link to Comment tmosley
tmosley's picture

Why would you do that?  I'd rather give them a job--perhaps pumping out septic systems by hand.  They can get paid in all the shiny paper they want, or a silver dime a day.

Mon, 12/13/2010 - 17:51 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

OK, I will clarify.  People I know and (reasonably) trust I might hire in a SHTF scenario.

Rest of the trolls would have to move along.  Would you hire a troll, tmosley?  Having observed your replies, I don´t think so!

A silver dime a day to cut trees into firewood, I do like that idea.

Mon, 12/13/2010 - 17:56 | Link to Comment tmosley
tmosley's picture

I would indeed, provided it was menial and humiliating.  I'm happy to put food on their tables in exchange for labor.  Let them learn the true value of money, and the true value of their over-esteemed selves.

Of course, I wouldn't turn my back for a second, or let them near the house.  After all, the smell from the septic systems will be pretty bad.

Mon, 12/13/2010 - 19:43 | Link to Comment New_Meat
New_Meat's picture

DCRB-please conserve what will be in short supply.

nay hose, that is for ... well ... others.

tap, Tap, ... TAP and service the next target.

rock'n roll is for newbies (FNGs) who, well, we can't afford to lose.

just sayin'

- Ned

Mon, 12/13/2010 - 17:38 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

Don't use your own drum of Round-up.

I've been using the glyphosate in my urine to 'round-up' the weeds in the garden. That's the fringe benefit of what I get from eating corn products the last decade. 

Incidentally, did I mention that my woman squirts colloidal silver from her skene gland?

I'm a fortunate soul.

(I was sidetracked, Leo is useful in he provides counter-point [to the point on his head?]. So was JB, and I'm sad to see his trollilicious rantings disappear.)

Mon, 12/13/2010 - 20:24 | Link to Comment Walter_Sobchak
Walter_Sobchak's picture

Incidentally, did I mention that my woman squirts colloidal silver from her skene gland?

 

-that's hottt

Mon, 12/13/2010 - 21:40 | Link to Comment unununium
unununium's picture

Upgraded Cracklin' Rosie.  Get on board.

Mon, 12/13/2010 - 23:29 | Link to Comment Cursive
Cursive's picture

@Hook Line and Sinker

I am still laughing and my wife's pissed.  Thanks for the didactic laugh.

Tue, 12/14/2010 - 02:54 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

That's Hook Line and Sphincter, Mr. Cursive... thank you!

 

Mon, 12/13/2010 - 16:59 | Link to Comment Dismal Scientist
Dismal Scientist's picture

Ever hear the phrase 'Know thy enemy' ?

Mon, 12/13/2010 - 17:57 | Link to Comment littlebuddy
littlebuddy's picture

So what is his purpose here?

 

...to piss you off, apparently.

Mon, 12/13/2010 - 17:44 | Link to Comment knukles
knukles's picture

The guy wasn't lying. 
For him it is a great opportunity for everybody else to pile back into stocks. 
He's already long. 

And by damned, he's probably doing God's work.

Mon, 12/13/2010 - 21:48 | Link to Comment ExpendableOne
ExpendableOne's picture

Is it lying if they are simply reading the teleprompter?

Mon, 12/13/2010 - 16:35 | Link to Comment jus_lite_reading
jus_lite_reading's picture

The truth is that if the government actually counted everyone in the country who wants a job, the unemployment rate is not 9.8%, but 23% and it continues to rise."

 

Actually it would be 27%.

Mon, 12/13/2010 - 17:34 | Link to Comment Bring the Gold
Bring the Gold's picture

Indeed, people who want work, but cannot find it because those who control money won't even LEND money for productive works to create jobs. Meanwhile, they continue to subsidize the annihilation of the middle class through various and sundry means. Awesome!

Mon, 12/13/2010 - 17:42 | Link to Comment tmosley
tmosley's picture

Now add in all the government welfare "workers", and you can have a real party.

Mon, 12/13/2010 - 19:04 | Link to Comment prophet
prophet's picture

More like 0.27%.  Most people would rather not work.  They just want to be entertained and procreate.

Mon, 12/13/2010 - 19:44 | Link to Comment puckles
puckles's picture

As has been noted before in these pages, the BLS counts as employed anyone with a job at a given date, and makes no distinction between the temps, the part-timers, the contracts, and the full time employed.  It's an utter travesty.

Mon, 12/13/2010 - 16:36 | Link to Comment flattrader
flattrader's picture

Same conlusion.  (We're heading into the shitter.) Different data.

http://dshort.com/articles/guest/Bob-Bronson-101213.html

Mon, 12/13/2010 - 16:36 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

looks like somebody's got a case of the Mondays.....isn't that right Mr. Bill Lumberg?

Mon, 12/13/2010 - 17:23 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

I just found this and wanted to share it (it's probably old news to ZH community).  I think I'm hooked already.

http://www.phydiux.com/bill_lumbergh_soundboard.cfm

 

Mon, 12/13/2010 - 16:36 | Link to Comment Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Buy SPACE AVAILABLE and FOR RENT or get priced out forever!  Buy HOMELESS:PLEASE HELP on dips!  That one is growing like gangbusters but has gotten a little ahead of itself.

Mon, 12/13/2010 - 16:48 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

I just bought a lot of CANNED FOOD and PMs from that hot retailer whose stock trades at an ourtageous multiple, THE FLEA MARKET. I figure it's my duty to stimulate the economy. How did I do? Next up I will DOWNSIZE a car and take a nice long vacation at THE GUN STORE to improve my lifestyle. This consumerism is fun.

Mon, 12/13/2010 - 17:00 | Link to Comment Uncle Remus
Uncle Remus's picture

Whee! This collapsing economy stuff is easy!

Mon, 12/13/2010 - 17:12 | Link to Comment Thanatos
Thanatos's picture

Fun too!

 

Mon, 12/13/2010 - 17:50 | Link to Comment Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Speaking of Gun Store:  I was just thinking it would be sweet if someone wrote a script to track the average price of an AK-47 at gunbroker.com 

I'm curious if that wouldn't be a really swell indicator of some sort.

Mon, 12/13/2010 - 18:21 | Link to Comment Thanatos
Thanatos's picture

You'd be surprised how hard it is to come by historical price data on all kinds of shit.

I track ammo, certain types of certain calibers of hangun ammo.

The prices don't move often but they can make big adjustments fast.

I actually sold a copy of my spreadsheet to a local gun shop owner a few months back... Just traded a box of ammo, but still.

 

Mon, 12/13/2010 - 18:51 | Link to Comment UninterestedObserver
UninterestedObserver's picture

From what I have seen prices have dropped pretty steadily as more and more consumers are selling their guns(LOL how f*cking stupid and sad) to get cash, my guess is over the last 2 years AR15's and high end stuff has easily dropped over 20%. Ammo has stayed pretty static though. If you are in Texas texasguntrader.com is fantastic 

Mon, 12/13/2010 - 20:51 | Link to Comment puckles
puckles's picture

I rather doubt that many without military experience would go for an AK-47.  Try the Mossberg 500 pistol grip, an ordinary if somewhat enhanced shotgun.  Somewhat more realistic, unless you're Rambo in your spare time.

Mon, 12/13/2010 - 16:37 | Link to Comment MrTrader
MrTrader's picture

BEN BERNANKE(HELICOPTER BEN) IS THE LIAR !!!!!

Mon, 12/13/2010 - 16:38 | Link to Comment Sudden Debt
Sudden Debt's picture

why the sudden selloff?

Mon, 12/13/2010 - 16:43 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

Yeah good question. 

Hey Goldman, stop looking at porn and get back to shorting the VXX!

Mon, 12/13/2010 - 16:52 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

now see that's more like it.  Fuck I can't believe this day trader has to tell Goldman how to do their job in order to keep uncle ben happy.  Shit, next thing you know I'll be calling Blythe to help fix runaway silver prices. 

Mon, 12/13/2010 - 16:38 | Link to Comment AR15AU
AR15AU's picture

US News & World Reports with an article posted to Yahoo today talking about How Rising Mortgage Rates Could Boost Home Sales. No, I am not fucking joking.

http://finance.yahoo.com/news/How-Rising-Mortgage-Rates-usnews-3250260760.html;_ylt=Agutj6trdEF2s9qtDTTlLzG7YWsA;_ylu=X3oDMTE2ZmQ2cGNqBHBvcwMxMARzZWMDdG9wU3RvcmllcwRzbGsDaG93cmlzaW5nbW9y?x=0&sec=topStories&pos=6&asset=&ccode=

Mon, 12/13/2010 - 16:51 | Link to Comment HarryWanger
HarryWanger's picture

I, and others, made this point last week. Again, common sense, people. If you're worried about rates jumping up quickly and are looking to buy, you're more apt to buy as the rates initially start moving higher. Doesn't take a genius to figure that out.

Mon, 12/13/2010 - 16:53 | Link to Comment samseau
samseau's picture

It does take a retard to buy on raising rates though

Mon, 12/13/2010 - 20:27 | Link to Comment dieskyver
dieskyver's picture

I would tend to agree with Martin Armstrong on this. Rates dont mean as much you would think. As long as any profits compensate for the costs. As far as owner occupants go, if they need the house they will get it. Beside, silver is going up and I'm still buying. It won't keep me warm and dry. (not saying 40% of the housing market can)

Mon, 12/13/2010 - 16:56 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You and your dozens of avatars.

Mon, 12/13/2010 - 17:01 | Link to Comment Ripped Chunk
Ripped Chunk's picture

Could you make a video of the turds coming out of your mouth and post it?

Mon, 12/13/2010 - 17:36 | Link to Comment Sophist Economicus
Sophist Economicus's picture

LOL

Tue, 12/14/2010 - 01:44 | Link to Comment Bolweevil
Bolweevil's picture

2trolls 1cup

Mon, 12/13/2010 - 17:01 | Link to Comment bronzie
bronzie's picture

Now how did I guess that the Harry Wanker would chime in on a thread like this?

Mon, 12/13/2010 - 17:04 | Link to Comment AR15AU
AR15AU's picture

Well then, we should have some stellar home sales numbers in store. All those suckers who missed the first bubble getting duped into pulling the trigger by their loan officer. Yeah right. Even fast food workers aren't that naive.

Besides, if raising rates is going to cause all the lemmings to jump off the fence, why didn't Bernanke think of this? He could have raised rates a long time ago and engineered a spectacular housing recovery.

Mon, 12/13/2010 - 18:27 | Link to Comment Max Hunter
Max Hunter's picture

LOL... Great point. So BB should pull QEII out and watch rates go through the roof. People will be scrambling to buy a house.. Ohhh yeah.. I can see that playing out. The UE rate may drop to 3% too..

Most people with any common sense would conclude that anyone able to buy a house based on market conditions would have done so with the give away last year..

There was a house 3 down from me that just sold for 150k.. I bought mine for 250k in 2006.. Mine is a little more.. maybe 20k worth.. I think the 150k house was sold new in 2002 (year built) for 165k. It wasn't a foreclosure but probably a short sale.

There is NO WAY this rising rate, rush to buy scenario is going to play out like that.. I have more faith in my lottery ticket than that notion.

Mon, 12/13/2010 - 17:13 | Link to Comment AR15AU
AR15AU's picture

If anything, the sudden rise in rates probably caused a ton of deals to fall apart. 

Mon, 12/13/2010 - 17:24 | Link to Comment Ripped Chunk
Ripped Chunk's picture

Unless you locked rate. Standard rate lock is 90 days now since deals are taking so long to close now.

Pipeline of new apps has to have died in the past 2 weeks.

Mon, 12/13/2010 - 17:36 | Link to Comment scatterbrains
scatterbrains's picture

is it 90 days now ? No doubt the lender/gse flipper can and will find any reason you can imagine to kill the deal if they can't dump the loan off to the gse's at a profit. I'd guess that 90 days means nothing except if rates move against the buyer then it's locked in nice and tight.

Mon, 12/13/2010 - 19:22 | Link to Comment Ripped Chunk
Ripped Chunk's picture

To some degree. But they laid off something like 80% of the processing workforce since late 2007.

There was a huge infrastructure that grew rapidly through 2007 in order to process as many loans as possible in the shortest period of time. This facillitated rapid securitization and the profits that came with it. At the same time the percentage of loans that were sub-prime, stated, low doc, no doc., pay option ARM's etc. grew disproportionately vs. standard 30yr & 15 yr fixed and other (I feel) normal ARM products.

So the impending train wreck was clealy visible to anyone who looked even casually at the volumes and types of loans being originated.

Mon, 12/13/2010 - 21:46 | Link to Comment reading
reading's picture

Try 45 days...You'd have to pay-up for 90 these days.

 

jump in rates un-qualifies many who don't close within the rate lock or didn't lock yet...

Mon, 12/13/2010 - 19:12 | Link to Comment IQ 145
IQ 145's picture

 No it certainly doesn't.

Mon, 12/13/2010 - 19:43 | Link to Comment Kayman
Kayman's picture

HW

1. The theory works great in an active market- for a short time.

2. If rising rates encourages the sale of homes- I can't wait til the 30year hits 20%.

We will be crazy busy then.

What a myopic moron.

Mon, 12/13/2010 - 17:29 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

That article should go to the Smithsonian as one of the finest specimens of bullshit logic ever discovered. 

Mon, 12/13/2010 - 21:05 | Link to Comment puckles
puckles's picture

Anyone with any experience in real estate knows that rising rates=depreciating home prices.  Homes for the past forty or more years, in that sense, are no different from bonds, and at the lower end--the one dependent on mortgages--trade accordingly.

The only way to decouple this is to revert to the methods used prior to WWII; during this period, those who had mortgages typically held balloon types, with no more than 5 year terms, non-self-liquidating.  Relatively few held them, as they were risky and typically callable, but it was a great, and often the only, way to finance a start-up back then, when there were no credit cards, and very few banks lending to businesses.  

Of course, these mortgages were typically not origination mortgages; most homes were either fully paid for, or had negligible financing back then.  Most people rented.  There were no tax breaks for mortgages until the proponents of the New Deal got to work, and it could be argued that therein lay the origins of the ongoing moral hazard that eventually begat the current economic crisis, as well as ridiculously high prices for houses.

Tue, 12/14/2010 - 05:09 | Link to Comment Seer
Seer's picture

"There were no tax breaks for mortgages until the proponents of the New Deal got to work, and it could be argued that therein lay the origins of the ongoing moral hazard that eventually begat the current economic crisis, as well as ridiculously high prices for houses."

And the argument might be pretty weak...  Just look to Canada to see that that hasn't kept housing prices (in some segments) from ballooning, perhaps even worse than in the US.

This comment brings up some interesting conundrums though.  Given that most people here advocate property-rights and ownership, I'd think that the govt advocating this would be in agreement with such a position (never mind how it's done, just on face, the principle).  And, about the tax breaks on mortgage interest, is this really that bad?  I mean, it's essentially getting money back that has been taken by the banksters: yes, it's not fairly applied, penalizing the rentier class, but... folks here are advocating private property rights, so... but on the other hand the write-off allows the banksters to indirectly pillage (via such write-offs).  NOTE: I could come up with a strong argument for why mortgage interest should not be available for other than one's principle residence (maybe it is? I'm not a real estate magnate, so I really don't know).

Just wondering...

Mon, 12/13/2010 - 16:55 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

You know I never realized how profitable unemployment is.  My goodness, counting unemployment checks, food stamps, medicaid, and cell phone as INCOME really makes it all clear how the US is in full recovery mode.

I suppose that the next move is to include a free government co-signed, unsecured CREDIT CARD for the unemployed.  I bet BAC and CITI would be all over that.  This would prove that the banks are lending, and consumers are spending and charging! 

Yippee this fairy dust is such a RUSH man! Give me another line! 

Mon, 12/13/2010 - 17:18 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

a free government co-signed, unsecured CREDIT CARD

 

I recall that buried in one of the recent laws are provisions for the Federal Government to offer low income loans (payday loans).

Mon, 12/13/2010 - 17:37 | Link to Comment Bring the Gold
Bring the Gold's picture

Seriously? At payday loan rates? Wow...

Tue, 12/14/2010 - 05:15 | Link to Comment Seer
Seer's picture

Yeah, why not, they've been doing it (to the tune of trillions) for the ubber rich for several years now!

Mon, 12/13/2010 - 17:49 | Link to Comment knukles
knukles's picture

The Welfare Credit Card already exists, folks.

Out here in the Winter Home of the Great Satan, The Governator, having been briefed as to the classifications of purchases being made on said cards, took it upon the California Republic to no longer accept charges thereupon from bars, tattoo parlors, liquor stores, for smokes, and cruises.

 

It's already way past just mildly fucked up.

Tue, 12/14/2010 - 01:50 | Link to Comment Bolweevil
Bolweevil's picture

It's like, totally fucked up.

Mon, 12/13/2010 - 16:39 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

NONE of our financial problems have been fixed.

NO ONE of significance in the financial disaster has gone to jail (Madoff, etc. I exclude because they were not core banksters).

The can just keeps getting kicked down the road, and we all know that means the end will be worse than if we had taken our medicine earlier. It is up to each one of us to look out for ourselves and family.

Jim Quinn tells who the liars are.  We, really, already knew.

There seems to be time for preparation, which I have been doing for many years.  PMs.  Prescription drugs.  Guns & ammo.  An overseas business!  But, I have much more to do.

Anyone who has NOT gotten started preparing for an ugly future better start soon and hard.

I weep for what America has become and fear a dire future.  Prepare!  For the end is near.

Mon, 12/13/2010 - 16:51 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Go long dental floss and you can rest easy!

Mon, 12/13/2010 - 17:02 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Actually I have more than extra floss.  Not a bad idea though, if I can get into a Costco and load up even more.

Mon, 12/13/2010 - 17:18 | Link to Comment Thanatos
Thanatos's picture

http://www.chinookmed.com/

is a good place to get medical supplies.

Also, the WMI at NOLS is a great "quick n dirty" school to get some training at.

http://www.nols.edu/wmi/

 

Mon, 12/13/2010 - 17:19 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Oooohh, thanks!  I am low on medical supplies, except for tradeable Rx-s...

Mon, 12/13/2010 - 17:22 | Link to Comment Thanatos
Thanatos's picture

I might be interested in some trades... Nothing schedule 3.

I have a wide variety of other stuff. Offline?

Thanatos

Mon, 12/13/2010 - 17:25 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Thanks, but naah...

Like my PMs, only in an emergency...

Mon, 12/13/2010 - 17:39 | Link to Comment Thanatos
Thanatos's picture

Mexico stopped selling many scripts OTC a few months back... That used to be a cheap place to get stuff.

Some Dr's will issue you a "backcountry" perscription kit that contains a few basic meds... In a plastic box that is sealed.

You turn it in every year or so and pick up a new one if you don't use anything. If you use anything, you have to fill out the paperwork inside the kit before they will give you a new one.

You might look into that too.

 

Mon, 12/13/2010 - 17:24 | Link to Comment Thanatos
Thanatos's picture

If you are looking for specific items let me know.

Chinook is a good gp med outfit, but there are special places you can get specific items cheaper.

Mon, 12/13/2010 - 17:26 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Most "meds" are derived from common herbs.  Turmeric for example, is an anti inflammatory.  There is no need for pain killers, other than nature's.  "Meds" will wreck havoc on your innards, too. 

I am not against seeing a doctor, but they have never told me anything I didn't know, so I do not see them unless it is an emergency.

Mon, 12/13/2010 - 17:31 | Link to Comment Thanatos
Thanatos's picture

I agree up to a point.

certain things are ok to leave alone. other things will kill you if left alone.

 

Mon, 12/13/2010 - 17:36 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

My post came with a disclaimer!

I am not against seeing a doctor, but they have never told me anything I didn't know, so I do not see them unless it is an emergency.

Mon, 12/13/2010 - 20:37 | Link to Comment Thanatos
Thanatos's picture

LH:

You might be interested in this podcast tomorrow:

Dr. John Waterman will be hosting a two hour show on The Prepper Podcast about herbal medicine. That show will air on Tuesday, December 14, 2010 from 8:00 p.m. to 10:00 p.m. Central Time.

Tue, 12/14/2010 - 02:08 | Link to Comment Bolweevil
Bolweevil's picture

I'm in. Thanks for WMI link too, good as gold.

Mon, 12/13/2010 - 17:45 | Link to Comment Bring the Gold
Bring the Gold's picture

Great post LH. You can't patent plants though...unless you genetically modified them that is! Great post though and I agree about herbalism etc.

EDIT: to clarify I'm against GMO's and pro-herbalism as a viable choice.

Mon, 12/13/2010 - 17:05 | Link to Comment sethco
sethco's picture

and move to Montana

Mon, 12/13/2010 - 17:52 | Link to Comment knukles
knukles's picture

And grow dental floss.

Mon, 12/13/2010 - 23:24 | Link to Comment hardcleareye
hardcleareye's picture

You'll love it, it's a way of life.....

Mon, 12/13/2010 - 18:20 | Link to Comment DavidPierre
DavidPierre's picture

Frank Zappa Moving To Montana

http://www.youtube.com/watch?v=Ialhaxhr7iA

"Oh...this is sure stirring up some ghosts for me"!

R.I.P. Frank.

Mon, 12/13/2010 - 17:06 | Link to Comment billhilly
billhilly's picture

Sound wisdom DCRB. 

Bubbles, bubbles everywhere, when they pop I do not care.  Guns and metals I do stash, along with some worth-less cash.  Food and water are near at hand, for troubled times when shit hits fan.  My sights are honed, my powder's dry, my needs are met so I'll not die. The end is near my greedy foes, for those of you who give us woes. And when that time does come around, a new beginning will be found.  The honest ones will stand up tall, for freedoms sake, one and all.

Happy holidays to all the ZHers!

Mon, 12/13/2010 - 17:17 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

billh,

You should have just gone and put that into formal verse.  You might have been able to con one of the poetry journals into printing it and giving you some money...

Mon, 12/13/2010 - 17:45 | Link to Comment gloomboomdoom
gloomboomdoom's picture

Cash is king and will remain king long after all of us exit Spaceship Earth.

Get used to the new normal. Nothing will change. Nothing is coming

Mon, 12/13/2010 - 17:49 | Link to Comment gloomboomdoom
gloomboomdoom's picture

Cash is king and will remain king long after all of us exit Spaceship Earth.

Get used to the new normal. Nothing will change. Nothing is coming

Mon, 12/13/2010 - 17:58 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I keep a few $k-s of FRNs round the place as well.  Hey, I cannot predict the future.

Cash, well hidden, is better than electrons in the bank.

Mon, 12/13/2010 - 16:41 | Link to Comment jus_lite_reading
jus_lite_reading's picture

I wonder if JA's extradition to the US has anything to do with possible leaks on BofA? Better watch out longs... Benny can only print to infinity at which point, we're all doomed.

Mon, 12/13/2010 - 16:41 | Link to Comment sheeple
sheeple's picture

Who's Lying?

 

everyone ... nothing surprises me anymore

Mon, 12/13/2010 - 16:44 | Link to Comment Crisismode
Crisismode's picture

All governments (and their lackeys and flacks) have always lied since the first human society was created.

What else is new?

Nothing to see here folks, just move along to your nearest coin shop and pick up a few more ounces of gold & silver to add to your collection.

Mon, 12/13/2010 - 17:18 | Link to Comment cougar_w
cougar_w's picture

What's frustrating though is that used to be, we could just kill them for it.

Mon, 12/13/2010 - 20:16 | Link to Comment Terminus C
Terminus C's picture

You can now as you could then... the consequenses are the same as they have always been.

Mon, 12/13/2010 - 16:43 | Link to Comment samseau
samseau's picture

I went through the checkout line at my grocery store the other day.  I used my credit card.  The young girl at the register said "it seems like everyone pays with credit"

Mon, 12/13/2010 - 16:45 | Link to Comment TWORIVER
TWORIVER's picture

VXX looking to put in a Reversal.

Mon, 12/13/2010 - 16:47 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

looks like the every day, every day, every godamn day "end of day" GOOSING ain't workin' out too well today....

Mon, 12/13/2010 - 16:48 | Link to Comment TWORIVER
TWORIVER's picture

Yeah on a POMO day to boot. They must be watching ESPN.

Mon, 12/13/2010 - 17:43 | Link to Comment scatterbrains
scatterbrains's picture

Didn't the pomo today get spent buying the long end, shorting gas, and the dollar?

Mon, 12/13/2010 - 16:53 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

oh shit! i forgot they still have 7 more minutes...look out above

Mon, 12/13/2010 - 17:17 | Link to Comment cougar_w
cougar_w's picture

Not this time.

"Would you like to play again?"

Mon, 12/13/2010 - 16:48 | Link to Comment boeing747
boeing747's picture

I remember nine months ago Obama said we already turned the corner and the worst is behind us.

Tue, 12/14/2010 - 05:26 | Link to Comment Seer
Seer's picture

McCain calls U.S. economy 'fundamentally sound' on same day Lehman Brothers declared bankrupt Read more: http://www.dailymail.co.uk/news/worldnews/article-1056475/McCain-calls-U...

Damn!  We could have had McCain and Palin.

No way in defense of Obama, but the trainwreck had already commenced.  Looking back at the article it's clear that he (and Biden) were noting as much.  Of course they would make things sound as bad as possible in order to discredit the GOP, but at that point who were the bigger liars?  And now, how long would people at such levels last if they said "fuck it, we're doomed"?

Obama might be right in that we turned a corner, problem is that we keep turning the same corners, we're going in circles (down the drain)... that it could be any other way, that we could force more growth upon Mother Nature, well...

Mon, 12/13/2010 - 16:50 | Link to Comment HarryWanger
HarryWanger's picture

Biggest holiday season in our 9 year history in consumer discretionary. That's what I'm seeing.

Mon, 12/13/2010 - 16:51 | Link to Comment tmosley
tmosley's picture

Well, that's because you are a lying sack of shit, Harry.

Mon, 12/13/2010 - 16:54 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Can't we all just get along?

Mon, 12/13/2010 - 17:15 | Link to Comment cougar_w
cougar_w's picture

Hmm let's see ...

No

Mon, 12/13/2010 - 17:35 | Link to Comment tmosley
tmosley's picture

Only when we all see reality for what it is, and stop all the lying, both to ourselves, and others.

Tue, 12/14/2010 - 05:28 | Link to Comment Seer
Seer's picture

Though no fan of yours, I see no reason for you being junked on That note!

Mon, 12/13/2010 - 16:56 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

That could make for a good cartoon character.  A lying sack of shit  :)

A white paper bag walks into the room.  It has a greasy brown stain on its bottom.

"Hey, total financial turnaround, hey..."  "Hey we are seeing the consumer back!  The consumer is back!  Hey!"  "Hey, buy now because before you know it you will miss your chance, hey...."

Mon, 12/13/2010 - 17:23 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

You should make one of those cartoon video things about that. Sounds funny.

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