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The Head Of The World's Biggest Hedge Fund Sees "Economic Collapse" Due To Money Printing By Early 2013
As part of its most recent issue the New Yorker has released a must read interview with Ray Dalio - head of the world's biggest hedge fund, Bridgewater. Dalio's fund, which according to some may now be as large as $80 billion, continues to outperform even in this problematic environment, indicating that unlike various other managers who shall remain nameless, and whose wealth is built up almost exclusively on one trade (and that belonging to someone else in the first place), Dalio, despite rumors that he is preparing to leave his current position and is actively seeking a replacement, is still keenly able to adapt to changing macro conditions. Which is why his warning about future rounds of QE, which he sees as a certainty, should be heeded. Especially since it conforms 100% with the warnings of Zero Hedge - Dalio believes that future inevitable money printing will "lead to a collapse in currencies and bond markets." Dalio is even kind enough to give a time frame. "I think late 2012 or
early 2013 is going to be another very difficult period." He is, to say the least, quite diplomatic.
From the full interview:
Dalio believes that some heavily indebted countries, including the
United States, will eventually opt for printing money as a way to deal
with their debts, which will lead to a collapse in their currency and in
their bond markets. “There hasn’t been a case in history where they
haven’t eventually printed money and devalued their currency,” he said.
Other developed countries, particularly those tied to the euro and thus
to the European Central Bank, don’t have the option of printing money
and are destined to undergo “classic depressions,” Dalio said. The
recent deal to avoid an immediate debt default by Greece didn’t alter
his pessimistic view. “People concentrate on the particular thing of the
moment, and they forget the larger underlying forces,” he said. “That’s
what got us into the debt crisis. It’s just today, today.”
Dalio’s
assessment sounded alarmingly plausible. But when one plays the global
financial markets a thorough economic analysis is only the first stage
of the game. At least as important is getting the timing right. I asked
Dalio when all this would start to come together. “I think late 2012 or
early 2013 is going to be another very difficult period,” he said.
Translation: enjoy your -0.002% Bills and paying uncle Sam to hold your money while you can.
h/t A B
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The Federal government gave them a big wad of newly printed dollars. They're still as profligate as they ever were.
See -- the monetary authority can create money so the subordinate states can be rolling in dough again. They just need to learn how to grovel appropriately. A few well placed bribes couldn't hurt either.
I hear the cost of speeding tickets in CA just trippled to $400.
It's because we have a central bank with essentially zero restrictions on how much money it can print. It really doesn't have anything to do with the reserve currency status, though that does help artificially prop the value of said dollars.
Even when sometimes the only apparent difference between FED and the ECB is in the SHAME the latter should feel when it buys bonds.
It is good corps don't have feelings...
+1 That's funny, I don't care who ya are.
the fed, and the ecb, are both a part, of the same structure. like dems, and repubs
The extenders and pretenders don't have 2 years; maybe 6 months. Q3 results will be a statistical disaster. The signs are already here. If our corruptocrats do their usual dance on the debt ceiling, then the fat lady will be ready in the wings.
And that fat lady will dump her buttocks right in the face of the American people.
It's called facesitting these days.
No one will buy US T Bonds or other debt. Cities and lib states are feeling the heat and are unraveling.
Deleted
Will someone plese explain to Tyler that the world's biggest hedge fund isn't Bridgewater, but the US government - to include the banking cartel - and that nobody in the whole lot understand duration matching. Oh. And that the MBS longs, Treasury longs, and brand new crude shorts via the SPR have 100% correlation.
Tyler is well aware of that as is 95% of the other people on this board. Maybe he should be more explicit and say the largest hedge fund without a printing press. And technically it's not the U.S. gov. The fed is a private entity.
By that definition, let's not forget the world's most undercapitalized hedge fund: the ECB.
I could run a CB that would cure every goldbug from his fever with half that capital! Simple: don't print more than 2% per year. That's it....
So you would leave your commercial bank sisters to hyper inflate credit at will then......
...break them. Cull the weakest. Police them. Let them know Mama knows better. Come on! A CB chief like Volker at the ECB's helm would be more worth then 5'000 tons gold. Jack up the bloody rates and the healing can begin.
Did I mention healing always hurts?
don't print more than 2% per year. That's it....
but, but, i thought the ECB had a 2% "inflation barrier" built in!
what could go wrong? oh, no! not the "enron model" again! the ECB goes off-balance sheet to ponzi up the zombies?
when you hear a bankster in the bathroom, groaning unto death to shit out one more little "0", better remember who borrowed yer plunger. that turd might be two feet long and have 12 zero's!
Ha Ha HA!
Priceless!
Hehe, very nice slewie.
In 1980 the US was a creditor nation, today not so much.
Hilarious!
No, "targeting inflation" and all that crap is not what I meant.
What I meant is that an increase of base money and credit at 2% regardless of the economy's growth is what would be the "modern" equivalent of a gold-backed currency.
A gold-backed CB could also not let the financial part of the equation grow to "unicorn".
My late evening remarks might sound trollish, I notice. I regret this.
What I do not see is an understanding from all the "goldbugs" that a truly gold backed system would be much, much more harsher to debtors than a "modern" CB system. And interest rates in a gold backed currency would look nominally low while still be "felt" as "usury".
Hell, a good portion of the crowd here at ZH already thinks everything more then ZIRP is "usury".
My first business loan was at 15%, I had to pledge 150% collateral and the nominal inflation rate of that country was at 10%. Go compare to now.
Volcker hyperinflated the dollar and destroyed Americas industrial base via usury - no thanks.
And what banks did he break up.
BTW How much are they paying you ?
Healing my ass.
So he should have "increased the base money supply"?
No, he did not break up banks, they were smaller then.
You are trying to have it both ways, cheap money and a functioning economy. Paying? :-) No, I just remember the Seventies.
He could have went on the Gold standard in 1980 no problem - the Euro cannot go on the Gold standard at current Gold prices.
It would be massively deflationary.
...seriously? The point would be to prevent financial growth in excess of real economic growth. And in doubt, jack up the rates. Bank's growth can't explode if they have to refinance at 6%.
When did we last see rates there?
why don't you tell us?
you fantasize abt volker. and a 6% solution? i'm trying to recall if volker stopped @ 18% prime or not. ???
this mighta worked if greenspan had hearkened to anything except the corporate fraud and greed of his baffled & bemused audiencez in congress. once it blew and we "bailed out" all the losers, the rates stayed low, b/c to raise them = longer "recession" and monetary stimulus via QE becomes prohibitive.
this hasn't changed.
you speak of banksters and banking as if... well, your fanta-zees are amusing, and certainly troll-worthy, even tho not sponge-worthy, i wouldn't think.
Soon you will hear more Volker fantasies.
Greenspan last " baby step" to 6%, then he caved in.
Agree, might have worked. Now it would be much more pain.
Thanks for the amusing.
In eighty years, your CB fails.
Yes. This is the average. The Post-1971-USD is 40y and the EUR is 10y old.
OK,
But how DO you move 80 billion dollars let alone Trillions?
just curious
pikers!
"The effects of the death of tens of millions of Americans in a savage civil war triggered by an imperial Federal Reserve and its hyperinflationy policies will be transitory".
Benjamin S. Bernanke
a few nukes could end it in 15 minutes
In 2006/2007 all governments where informed aboud a pending banking crisis.
In 2008 they did all they could to save them.
Now, all these banks are even worse off like Lehman. The next bank faillure list will be 50 times as big.
Governments won't wait that long anymore. They'll print in advance to try to save it yet again but now even the countries are broke.
In the next 6 months, there will be hughe flights to safety and once the governments will try to stop these capital flights you'll know the shit has hit the fan and that it's to late because governments always act to late.
They dont always act to late. A couple of guys wave a sheet of paper around and call for a total collapse of the economy if the government doesnt come across and poof! 7OO billion for the banks overnight.
Warned they are near the debt ceiling and must come up with a plan in the next few months or Granny doesnt get her social security check, not so fast.
GD1 part 2 had stocks and bonds crashing...aka no safe harbor in anything paper
Where are the deflationist morons now? I mean, my dollars keep buying more and more goods each day, right?
I'm sure they'll reappear when the S&P is crashing down toward 1100. Bernanke has made it clear that he prefers to kill the system with hyperinflation.
or find some super-duper secret oil reserve to release causing a tragic "deflation" (blip) on the charts for 36 hours, thus begetting more printing.
3O,OOO,OOO barrels X $1O7 and where did the money go. Did it keep a bankrupt system going for a few more days.
Is this the equivalent of a yuppie a year and a half into a cocaine habit selling his Hobie Cat for a shot of snow.
they're about to announce a massive discovery of previously unknown extinct dinosaur populations on the Saturn moon of Triton...
Presient Morgan FREEman is going to send up some nukes (as soon as the gov't raises the debt ceiling enuf to buy a few ounces of Ag for the electronic componentry)...
Dollars priced in crude are at a roughly 35% premium compared to 600 trading days ago.
Is this inflationary also?
And what about the amount of crude my dollar buys 60 trading years ago?
Is this deflationary also?
I guess goldfish have a hard time understanding the macro-trends.
I am well aware of history.
Look at total credit market...it has been at stall speed for years now. That is the macro picture. The equation must feed. Benny can act like he's the one making choices all he wants. The handlers understand that they win it all through the coming hell but you will die in your ignorance along with the rest of the lemming herd.
The writing has long been on the wall.
He's back! Yes, the writing has been on the wall for quite some time: look at True Money Supply (hell, load up MZM, M2, even M3!) But are you certain this 'deflation' theory you hold so dear is actually in fiat currencies? Historically they've always, always, always, eventually been diluted into the utter worthlessness they actually represent. You must be aware that US isn't the only nation with a 'printing press'.
OTOH a 'quadrillion' in derivatives is a powerful tool quite possibly designed to give the impression of a priori ownership of every and all things Earthbound; a black hole to be tapped in the event of threatened hyperinflation subsequently directing all remaining wealth right to those cosiest with the printing pressers. I get that, I just don't see it happening when it is so much more of a politically safer, slower boil to inflate debt troubles away rather than abjectly and instantly impoverishing 99.9999999% of the entire planet.
And in either case there is still a high risk of the masses outright rejecting their respective paper promises...
The jury's still out on the whole debate IMHO; but as long as 'mark to skypie' is the rule that quadrillion is rendered impotent, so I'll be ovah heah in the inflationists' camp watching the demand increase for things an ever growing number of people need every single day, while the supply of ZIRPed 'pretty polly' balloons.
A bucket with chunks of dog crap inside, with a 2 inch hole, being constantly refilled by a garden hose going full blast. That is the economy today. Inflationary depression, aka stagflation.
'Stagflation', yes, that's what I meant. In your colourful metaphor 'Mark to Skypie' is one of the dog turds plugging the hole in the bucket, dear Liza. And while feces is insoluble in water, with a high enough level of hose pressure they could start breaking up at any moment...
You all have practically zero understanding of how sinister the forces at work are.
This is a signature based consumer economy and has been since 1933. You all own zero. Everything you imagine to be yourshas been liened to $700T and back now.
I am well aware of all your factoids.
You are bacteria in a bottle who thinks you will expand to infinity.
I have bad news for you.
I can only speak for myself, but I'm pretty aware of the sinister quotient being off the charts. People around here are generally aware that there will be an irresistible force vs. immovable object moment sooner or later. It will result in war, political chaos, or both. I predict some sort of unilateral abrogration that may trigger a war, probably with a certain large nation in the eastern third of Eurasia. The derivatives Jenga pile must be abrogated by mutual agreement, in some sort of Bretton Woods-style arrangement, right now. Zero that crap out. (That's the dog crap floating around). No such luck, I suppose.
And I have bad news for you JD
"You are bacteria in a bottle who thinks you will expand to infinity"
is strong evidence that you didn't even read my comment before you formed your reply, and that you really have no idea what you are talking about.
No actually, it is them that die in the upcoming trials. Bankers always off themselves through their own greed eventually, costing them their lives. Again, this (along with inflationary collapse NOT deflationary) is documented time and time again throughout history from ancient Judea to the present day.
Anyone who thinks that 0.1% of 1% of the population can pull off the greatest heist in history in a so called "information age" with everything falling apart at the seams and a fast failing propaganda machine is the ignoramus. The biggest obstacle will be getting the idiot baby-boomers the hell out of the way and then on with the show trials.
I like your style.
It is "price" inflation caused by "monetary" inflation plus the U. S. and NATO sticking their noses in everybody else's business in MENA.
Tuco Benedicto Pacifico Juan Maria Ramirez
Only someone with the attention span of a fruitfly would think there is deflation. Look at the longer term trends of 5 and 10 years, not 6 months or 6 days to determine inflation/deflation.
An excellent point that cannot be made too often.
I grow increasingly convinced that many of the apparent deflationary flat-earthers do not in fact belief their historically outrageous bilge, and merely throw out the absurd deflationary scenario as a smokescreen to confuse and panic the sheeple who simply do not know any better. They are effectively propagandists and/or useful idiots for the financial and political PTB, whether they know themselves to be or not.
Well the simple fact that the central banks of the world have printed up a gagillion bucks kind of says that deflation is right here, right now.
Deflation is the cause, printing is the effect.
pods
Where is the deflation? Name some commodities that are cheaper today than 10 years ago.
Answer = Houses
We are suffering from an inflationary depression, or, stagflation. High unemployment, declining real wages, higher energy costs, higher food costs, higher education and medical costs, alongside falling housing prices. Pretty bad mix.
No deflation? Buy a house!
No deflation? Buy two houses!
The PTB in the US will move mountains to keep a lid on things through 2012 due to elections. I would not rule out an "October surprize" of some kind, either good or bad, it would depend on which direction serves the then-occupant of the Whitehouse. Whoever the hell that is.
After Nov 2012 we can assume that the lid comes completely off, and 2013 dawns in utter fiscal, economic and societal chaos in the US.
But I'm with James Kunstler on this one; November elections might become a moot point. If the current President doesn't like the lean of the tree here he could convince the military to step in for a while to stabilize the situation in support of open democractic elections ... someday. It's his call, afterall, and he could offer them a fraction of QE4 and buy their loyalty outright.
Don't beat around the bush cougar. Tell us what you really think. :)
Hell, all that and it's still not yet Chapter 1. It don't throw down 4 realz until later. But by then the unmaker shows up and everyone is royally fucked.
It's all fiction until it ain't.
Wow. An Orson Scott Card reference.
I've heard that referenced before, should probably check it out. Though if I did, it might distort my inner muse. What to do...
Sadly I have no actual time to read anything for fun. Those days were over when I started my post-grad work. Though my studies did provide a lot of useful material. Predator/prey ecology is ... well really interesting. Turns out that in the grand sceme the prey drives the predator forward, creating from their haunted dreams their custom made-to-order nightmare. All the better to eat you with my dear.
We had a presidential election during the American Civil War and other wars. Obama would never take a risk that could cause a schism in the military, of course maybe he is that stupid.
...wonder what would happen when that NTI Last Best Chance scenario http://www.youtube.com/watch?v=z4mmpRdV-3o reaches The Nuclear Tipping Point and premiers in a theatre near you? http://www.youtube.com/watch?v=6AG8ottXd_M Do you think anything will ''change'' your mind about election time? Take about 60 Minutes to at least think about it. Lol http://www.cbsnews.com/stories/2010/06/19/60minutes/main6598756.shtml
http://www.youtube.com/watch?v=DDZt5ViiUXg&playnext=1&list=PL3AD90F3091386C3C
http://www.youtube.com/watch?v=y_7z5eUK7F0
...at zero interest has it not been proven anything can be done you would not imagine could be possible? Just remember, you are on a ball that is in space, there is no foundation for impossible with this crowd.
diversity helps South Africa. Somebody needs to buy all that HEU before they take the inevitable steep plunge to what Zimbabwe is.
Well underway: cf. Ilana Mercer: Into the Cannibal's Pot
I firmly believe we have seen our last U.S. election. If you really want to call what we have elections.
I agree, somebody get me a Doctor. http://www.youtube.com/watch?v=NkJOZOOXJWk&feature=related
dude, none of us are old enough to have see the last real election in the U.S.
I put it at 1960. I think there's a few here who have seen it. Not me, sadly.
Sorry, JFKs daddy bought him the nomination (see Truman interview in plain speaking by Merle Miller] and then, barely squeaked thru the election with the smallest majority ever u to that time, thanks to some creative ballot box stuffing in Chicago and Cook County.
You mean the one where the Chicago Mob and Daley/Marcy political machine convinced 10,000 dead people to vote for JFK?
I put it at 1884.
http://www.associatedcontent.com/article/25519/election_of_1884_grover_c...
Hence the "if you call what we have elections" commentary.
Probably 1868 when the UNITED STATES OF AMERICA corporation was berthed and the 14th amendment created the corporate office of US citizen and brought the you the people into slavery.
Never underestimate the wide-eyed masses and their want...need to believe in a brighter future.
2012 won't be when things come to an end, I'd bet. I'd put the SHTF period between 2013-2016. Maybe 2017--if we make it to 2016--because "hope" will fill the air once more, and dumbasses will think elections and changing of the marionette will bring salvation. But yeah, that's about how long it'll take the proles to realize that no pol is going to save them, or look out for them. Then shit gets real. Then you'll have to fight off rabid sheeple who want your junk.
I don't think that BHO really gives top military brass the warm & fuzzies. Biden, though, is definitely Plugged In. It could go a million ways....
Lol, Brass ain't the brightest (case and point http://www.youtube.com/watch?v=cfgN5tUgjb8 ) and Biden is well known for being dim, even among the Star Outlets. http://www.youtube.com/watch?v=y_n_P40sEaM
If you wait until 2012-2013..you will be way to late....I am sure we all know that...we on ZH will be on the sidelines watching the crash....its the other fools that try to perfectly time it will be the losers...stocks, bonds, real estate, toothpaste....whatever....gold and silver for me...with a good mix of ammo and guns to protect it...
Do you really think you will be on the sidelines as the entire country falls into anarchy? Do you have enough food, water, and fuel to last for several years without having to leave your gold and silver stash or will you carry your bags of gold with you as you venture out to barter for your necessities?
It won't be anarchy, it will be a totalitarian police state.
No 'Mad Max'...sorry! There will be holdout rural communities, but no mass emigrations from the locked down cities.
Guys , and gals , im having a GECPA (thats Global Economic Collapse Party) in 3Q 2012 , probably in the Rockies somewhere.
Bring a bottle.
Save me a seat around the campfire.
if ray_d goes to europe, i hope he doesn't get arrested for this type of seditious market-mongering.
so, if we accept this time frame, that means we'll have another 1+ years to learn stuff from robo.
my fellow americans: is this fair?
so, e_momo, ya think this will be too early (c. labor day 2011)? Burning Man :: Welcome Home
"Rites Of Passage" theme. my degenerate spawn go. it takes them weeks to prepare and months to recover. one of my evel children, who last set flip-flops on US soil in early jan, on the way out, recently e'd me. for a change.
hi dad.
my feet just hit the tarmac of casablanca. whoop whoop!
love,
C
heh heh. makes me feel like a kid, again, which really doesn't take much doing, at all...
Burning Man 2012/13 looks like the time the natives will be up in arms. Perhaps call it Burning Banker 2012 TEOTWAWKI Special Edition
You wish. They control TV and the media and can brainwash the sheep into thinking YOU are the enemy.
Here on ZH too?
Do burning man this year as it might be the last as the collapse will happen b4 August 2012 , see you there
he's sure to be the life of the party at davos next Feb
Short growing season no seafood and nude beaches up there...I'm staying put..I'll raise a glass though.
Eh .. what do they know!? Ben's got it all under control ;-)
If not, then how the f#$^ did those Mayans nail it down to the year!?
Magic 8-Ball. Just gotta ask the right questions.
Meh. You could name any random year the one the world goes to hell and have a fifty fifty chance of being right.
This year for example is not so shit hot if you live in Japan. Or Greece.
"Yet as long as the ECB, and others, continue to think you can fix a solvency crisis by applying more liquidity, without doing anything for the actual debtor, then expect this crisis of EMU -- and it is a crisis of EMU, whatever the attempted spin -- to metastasise and become less rather than more manageable."
http://money.msn.com/currency/broke-not-if-you-can-print-money-fleckenst...
...from Bloomberg's not really a heavy news day to ...KAAABOOM!!! Collapse can come by any Black Swan that will happen to flutter it's wings and open up the black hole ...suck the life out of you ...can of whup ass. You just can'tget this kind of comedy off the Great Wal Mart of China shelf and not laugh. http://www.youtube.com/watch?v=gDlQKhdo2eQ&feature=related
"There hasn’t been a case in history where they haven’t eventually printed money and devalued their currency". Incorrect. Japan started the printing press in 1995 and 16 years later still no collapse in neither currency nor bonds.
Actually, they have NOT started the printing presses in Japan, yet, merely continued to borrow and spend themselves deeper and deeper into an unpayable debt hole --- but the day of the printing presses is coming, to Japan as to every other fiat-burdened nation, oh yes, and the sound of all those presses will be deafening!
"But it's only a tiny leak" the Japanese PM told his people of the TEPCO nuclear meltdown.
remember how high their stock market was?
You want to hold Japan up as a positive example? Yikes. So you are cool with negative real interest rates forever, and lost generations. I suggest moving there immediately.
Japan has an industrial base, export economy that gives them some margin...ours is long gone.
That is so far down the road that no one will pay any attention untill after it happens.....if it happens. Therefore...no one cares.
He's predicting the collapse right after the election basically. Got it.
IBM up big after hours...
Another world record high in the midst of a huge recession.
Another world-record-level asshole getting high off sniffing CNBC roundtable farts and masturbating to his bedroom poster of the Bernankster in the midst of a huge depression.
How cute: I got junked by RoboTard.
Or was it by little leo quislingasskiss?
Either way, it's a badge of honor.
Why do you tards get so upset over what some guy says on the internet?
Robo is just pointing something out, and it makes perfect sense, equities are juiced.
After you've read over 1000 of his mindless stock-pimping, gold-slamming driveby posts, perhaps you will understand.
IBM today, Maybe APPL tomorrow.
..both good setups for the machines to poleax the long bait biters before lunch.
Retail spending boom 2012-13 of epic porportion VS collapse of 2012-13
Bank customer service spammer VS 80 billion dollar hedgefund manager.
I think we know who is correct.
One day Robo you will get your bank rally
To all the Build-A-Burgers and Bohemian Grove boys club et al.
Your empires are sand.
Your future powers are all Fukushima.
Peak Oil Bitches.
Die trying to Grow your own food.
and we'll claim it was suicide!
Great. Now do that as a haiku...
How about doin it this way? Just 4 kicks...
http://www.youtube.com/watch?v=BVUXPjFWfX4
I hope you are right but the demons have non-GMO seed vaults buried in the Arctic and bunkers to escape to but at some point they will be the "hunted"!
Tuco
Global macro strategy with dozens of trades on at any one time, including long gold. Up about 40% over the past year.
No visible means of support
And you have not seen nothing yet
End of the world...or some other dire calamity by the end of 2012. How cliche'. Everything ends Dec. 2012. Oh brother...
Sure there are very bad times ahead, but why should anyone believe they wait until late 2012?
End of the world...or some other dire calamity by the end of 2012. How cliche'. Everything ends Dec. 2012. Oh brother...
Sure there are very bad times ahead, but why should anyone believe they wait until late 2012?
as opposed to now 2011? we are in the doomsday cycle now
I enjoy the comments here, almost as much as the frightening realizations on a daily basis. Well, not really...but hey, at least I'm ahead of the game a bit thanks to you guys and some common sense.
Something I've watched about ten times now, and with this article and the timeframes mentioned...and please, no sarc, I'm not a religous guy, but check out the following if you have time. It's long, but man...if you guys see numbers the way I do, you'll be floored.
Be well...be kind. Unless you gotta protect your own...then, all bets are off!
http://www.youtube.com/watch?v=S1bkB1nShSU
...nice link. ''for He will be our Light'' ...is The Truth, have no doubt my friend, I saw it coming upon this generation in a dream. No kidding. This is the last generation, that is clear to anyone watching and inspired. What we are now witnessing is the rising tribulation, everything is being sealed in place for prophecy to be fulfilled completely upon us now, even the Stars, Moon, Sun and Feast Days cry out the time at hand like a trumpet, as this new single global market voice of contempt marks every fool whom accepts this risen beast which is devouring the principle of labor as it declares the ''New World Order'' of Babylon. Fear not, stand fast in agreement by the mercy of our Father in Christ ...and do no harm. http://www.youtube.com/watch?v=v5yZ5OiS7go
Thank you for the link. It was a real eye-opener indeed. Time for preparation seems to be very short. God Bless you!
holy baby jesus batman
I love the baby Jesus.
World's biggest conman offers peons without a nickle to their name FREE opinion about the fate of US Dollars. The conman's lips were sealed for the last 50 years and he was known to skim fleas to get more fat for himself. "Give us all your dollars you got Mister, and we don't care about the "magical printing press." As far as we know, that's how you got your billions in the first place: for nothing and out the thin air.
July 25, 2011? . . . so, futurey
Rats. I don't start receiving my city pension until 2013. It's my money and I need it now!
The most dangerous form of denial is the denial that the Fed, DC and TPTB are in right now. They think they can put a bandaid on a severed artery. Think again
the ides of august are nigh.....
I said the same thing, but I don't make that payola.
This is certainly the slowest plane crash I've ever seen (or been on)!
Yeah...uh....the plane don't crash until it HITS the ground. Then it's very quick.
This was the key for me..."Dalio, despite rumors that he is preparing to leave his current position and is actively seeking a replacement,".
Dude has his time horizon and is getting the fuck out of dodge before the house of cards comes down. Wouldn't be surprised if he has a little retreat already set up and stocked.
I have been visiting family in Davidson NC this week. We went to Charlotte for lunch on Fri. and I saw the most unusual thing, the groups of young grunts all wearing the same style clothing per group and each group of course was different, sitting together eating lunch. It almost looked like fraternity and sorority brothers and sisters. I couldn't figure out what was going on until I noticed their mark which was their designated name tags with magnetic strips of course. I live in a small town in the deep south and was taken back. I was also considering moving to the area but am concerned I will have to wear the mark of the beast if I am to be employed by the corporate boys. The funniest thing was seeing the way the grunts were hustling to eat and get back to their work stations while the HNIC's were leisurely buying flowers from the street vendors. The difference in behaviors was astonishing.
grunt means pig and HNIC means Hockey Night In Canada, can you exlain what you mean for a foreigner
Grunt = servants, gofers, underlings
HNIC= Head Nig@#$ in Charge
NC resident here.
I worked for a company that projected a similar attitude, but they were so fucked up internally that everyone acted like a suit. The owners of the business actually had framed images of themselves, their yachts, etc.. hanging throughout the halls of the building. It was quite irritating constantly having to conjure up polite answers for vendors and contractors when they would ask me: "why are these pictures everywhere?".
That kind of stuff is Not Done north of the Mason-Dixon, or in the Old South (e.g. South Carolina, Jackson, Miss.). But in Delaware, it's huge, I think it's at its worst in Florida. You can't buy good taste.
grunt usually means infantry...at least in my world. learned a new civy term.
Let's get Military Intelligence on it:
Military software predicts Greek defaulthttp://business.financialpost.com/2011/07/18/computer-program-predicts-g...
I wonder if Senturion is written in Fortran.
Inside joke. Life overlapping with art. Don't read too much into it.
On topic!
Closing the 'Collapse Gap': the USSR was better prepared for collapse than the UShttp://www.energybulletin.net/node/23259
Orlov/Heinberg Update: Black Hole of Debt July 13th 2011
http://c-realmpodcast.podomatic.com/enclosure/2011-07-13T13_31_26-07_00.mp3
i would have thought it pretty obvious that all the indebted countries in the world cant "print money" at the same time, to solve their debt problems. somehow that fact seems to have escaped Ray Dalio and the chorus of ZH gibberers.
I am also highly amused by the constant references to 'hyperinflation' here. like, when exactly is this going to come? 3 years and $2tr of bond buying, and the CPI is shockingly high at 0.3% for the month - pretty much the same number we have had for years, save only for the flirtation with deflation a couple of years ago.
You're right! ZIRP/QE4EVA! Centrally planned markets ftw! /s
You also apparently have no fucking clue what causes hyperinflation of a currency, or you wouldn't be referencing CPI statistics trying to debunk it.
But don't let any of that stop you. By all means, continue to be a "highly amused," painfully ignorant retard.