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Here Comes Stimulus 2.0

Tyler Durden's picture




 

In this Bloomberg clip, commerce secretary Gary Locke says that "if there is to be another stimulus -- and that’s being
hotly discussed and very seriously considered within the
administration as well as members of Congress
-- it needs to be
very targeted, very specific and we need to be very mindful of
the deficit as well.In other words, with unemployment not improving after the first $787 billion was spent, with GDP improvements having peaked, and since at this point nothing matters since America will never be able to realistically service its debt, with mid-term elections coming up, and Obama's rating plummeting even despite an orchestrated 50% rally, it is a matter of months, if not days, before the President unveils another multi-trillion Treasury sinkhole. And since no horrible policy decision can go unused, the next stimulus is likely to be promptly followed by the Chairman announcing the next iteration of Quantitative Easing.

 

 

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Mon, 11/02/2009 - 20:47 | 117766 wejn
wejn's picture

Who did not see this one coming?

 

I mean.... srsly.

Mon, 11/02/2009 - 22:07 | 117869 Sancho Ponzi
Sancho Ponzi's picture

Q: Both personal income and disposable income were down in Q3, so what's a Gov to do? 

A: Spend someone else's money

Ramblings from Sancho

 

 

In any country there are those in the private and public sectors who are willing to line their own wallets at the expense of others. The problem arises when the people in charge of containing the corruption become careless or worse yet, corrupt themselves. In a society where regulators fail to regulate, the end result is a breakdown of law, justice and equality, and ultimately, trust.

 

Such an event does not happen overnight. As a society matures and prospers it is natural for elected officials to try and spread the wealth (or at least the appearance of spreading wealth.) Entitlement programs sprout up like mushrooms after a soaking rain, and markets are manipulated to increase consumption. While one can argue that entitlement transfers and increased consumption can be a good thing, selling homes to those who cannot possibly afford the payments and creating policies that benefit bankrupt corporations at the expense of the prudent is neither just nor proper.

 

As the economic climate degrades and the inevitable asset bubble begins to implode, those dependent on a skewed market or economic bailouts get desperate. If the regulators are doing their jobs, fraud is exposed and those responsible are prosecuted. Similarly, financial corporations that had bet the farm on risky investments are taken over and reorganized. To prevent future meltdowns, the legislative regulators draft bills to limit leverage and prevent fraudulent lending practices. The economy eventually heals and begins to flourish.

 

If the regulators are influenced by cronyism, greed or intimidation, a severe economic downturn may result in the creation of a huge societal rift. The chosen few who were saved at great expense return home to their penthouses while the middle class gets stuck with the tab and an underwater mortgage. The myth of equality is irrevocably shattered as Joe Sixpack loses all trust in Government. To appease J6P, the Government juices up the economy by creating money and dropping interest rates to nothing. But because there is no trust J6P refuses to increase consumption. The Government does everything imaginable to encourage the purchasing of homes and other durable goods to counter plunging tax revenues and staggering deficits, but J6P's balance sheet is in no condition to take on more debt. J6P's disposable income drops further as new sources of tax revenue are explored and signed into law to counter revenue shortfalls. 

 

J6P grows disillusioned as the income gap between the middle class and the unemployed vaporizes. Heads roll in the next round of elections but without proper regulation, the party in charge is of no consequence.  In a world without justice or trust, it's every man for himself. The criminals and lackeys responsible for the collapse emerge stronger and more arrogant than before. With a taxpayer backstop, they push risk to a new level in yet another attempt to fleece working class. Deception, greed and outright fraud are irrelevant as regulators turn a blind eye. Political whipsawing ensues as voters choose fringe candidates from either party in a desperate attempt to fill the rift. As a result, boom-bust cycles increase in frequency and amplitude until the financial shocks can no longer be absorbed. Without proper regulation and incentives, any free market economy is destined to fail. 

 

Mon, 11/02/2009 - 22:44 | 117898 Sancho Panza
Sancho Panza's picture

Thanks Sancho.  May I add, from Ayn Rand:

"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed...

"Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence.  Destroyers seize gold and leave to its owners a counterfeit pile of paper...  Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.  Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims.  Watch for the day when it bounces, marked: 'Account overdrawn.'"

...End the Fed.

Mon, 11/02/2009 - 23:02 | 117910 Anonymous
Anonymous's picture

At least Audit it, all of it.

To think Greenspan once penned this for her newsletter:
http://www.321gold.com/fed/greenspan/1966.html

Mon, 11/02/2009 - 23:32 | 117943 mberry8870
mberry8870's picture

Sancho, I think you were just junk flagged by Ben or Timmay!

Great quote from my favorite book. Thanks

Tue, 11/03/2009 - 00:45 | 118006 Apocalypse Now
Apocalypse Now's picture

One of my favorite quotes, and quite salient Sancho.

A few facts:

  • Deficit spending is wealth distribution, government basically says we think these things are important and regardless of what you think or how much money we have you will pay for it (taxes)
  • Government doesn't create prosperity, it can only take from one group and give to another group - effectively stealing from one group of people and giving to another group
  • All asset classes are over-valued right now except supressed silver and gold (enjoy a discount on government if you are a long term investor).  The only problem with gold and silver is that they generally have held their value while there is a diabolical tax on the capital gain (the gain is only their monetary devaluation).  They pulled all future growth forward and stole the future - now you can get 0% interest on your money, invest for capital devaluation with high p/e's, lose with inflation, invest in pm's to protect buying power but get taxed on monetary devaluation.  Boycott WallStreet Cheats.
  • The biggest world wide banks and the fed and other central banks are majority (controlling interest) owned by the same families - they work in concert (collusion) against all others in a zero sum game.
  • The purchase of many securities without any capital backing is a takeover in % ownership of multiple industries (WHAT IS THE % OWNERSHIP OF TBTF's and FED IN EQUITIES AND BONDS, WHICH INDIVIDUALS AND FAMILY TRUSTS OWN THE FED AND TBTF's? WHY AM I THE ONLY ONE ASKING THESE FUCKING QUESTIONS?) - Who cares if you are technically insolvent if you can get backstopped by the government and takeover equity and bond ownership with our money and then make us pay interest on their borrowing of our money???  Why don't we have the neighborhood kids with the lemonade stand start printing their own money and buying up all the equities and bonds - it's the same fucking thing only the lemonade stand kids are actually in a better financial situation with some assets and no liabilities!!!
  • The bailout of TBTFs is the biggest swindle of all time, paid with our funds to bail them out and we are paying interest to them on the money we are bailing them out with WTF????
  • The details on payments to foreign central banks were rumored to have been made because of death threats against wall street brass and high levels of government including prosecutions for bond fraud if payoffs were not made - makes you wonder about all the "suicides" we have seen lately for potentially connected. 
  • We essentially have negative borrowing interest rates for the banks - they are providing savers with essentially 0 interest rates on deposits, receiving risk free interest from the fed on "reserves" (ultimately our cost), and allowing banks to use imaginary money (not just deposits) to buy up securities and gain the dividends and bond payments while costing nothing (0 interest) - is it any wonder that high beta was the biggest grower? (Risk free borrowings went to highest risk assets - for biggest spread).  On top of this, the banks are using free money to control and run up commodity prices through speculation and control due to being able to go non-collateral long and naked shorting.  I feel that they are literally trying to see how much they can get away with before a French Revolution type event.
  • Now, what I would like to share with you all is a pretty interesting theory I have.  Remember how AIG was treated as a sacrifice, and helped bail out as a conduit a number of other banks?  Well, this hot potato or musical chairs process will continue to be used to bail out the connected survivors - Ken Lewis was rumored to have quit because the fed wanted to use BOA to be the new AIG and have continued loading them up with garbage with a view to bankrupting BOA in 2010 and using each of these reorganizations to bailout and restructure to the benefit of the NY banks/fed (perhaps they will have CDS that will also pay off NY banks as well, just like AIG!). 
  • OK, so we have established that the fed/NY bank cabal will control the game with creating bad banks and loading them up with crap from other banks chosen to survive, now do you know what is even more diabolical and why we need to find out where the feds sent funds overseas?  What if dear ZeroHedge faithful, the central banks of the world were all owned by the same families?  What if they decided that like the bad bank scenario, they would make the US the bad country scenario now that demographics look bad and future growth exists elsewhere?  What if the US was chosen to be the last one without a chair when musical chairs stops, the last one to hold the hot potato?  What if they chose which countries would fail, and therefore let that country bail out all other central banks crap, IMF loans, World Bank loans, etc. and borrow heavily in the currency of this chosen country and buy hard assets around the world (USD carry trade). 
  • The fed is owned by families that are globalists and are not patriotic by any means.  The US may have been sold out and may be a sacrifice for them to increase their world wide wealth, it is clear that the dollar is on a long term weakening path and they could siphon off the wealth of the US, fold up shop here, and move the wealth to other countries where they have central banks (this is a huge shell game among the central banks across countries - they are more powerful than countries).  Exchange controls will only come after the elite get their wealth out of the country.

Sometimes I don't think citizens or representatives understand the facts above, I sometimes feel lonely in the realization of how corrupt the system is and feeling that few understand this.  If we have the leading military in the world, why do our representatives let the tail of the central bankers wag the dog (US govmt)? I know the military basically enforces the commercial interests of corporations, but why is banking so over-represented - have they taken over ownership of most of the corporations and industries?  If they have taken them over, people need to realize they did it illegally with their own printed paper and are therefore not the rightful owners.  Any thoughts, where am I wrong?

From Ron Paul, "It is imperative that the American people know what the Fed is up to, how much money it loans to banks and what types of agreements it enters into with foreign banks and governments. Just about all of this information is exempt from audit or oversight. The Fed's actions directly affect the value of the dollar, which is coming under increasing pressure from our foreign creditors. If we do not wish to see a complete collapse of the dollar, the Fed needs to be subject to a strict audit of its actions, if not an outright abolition of its charter...

The Fed's influence comes about because of its monopolization of the creation of money. If we could abolish the government monopoly on the creation of money, the Federal Reserve would be forced to clean up its act or go out of business. Economists know that monopolies lead to reduced output and higher prices, a suboptimal allocation of resources. This applies as well to the market for circulating currency as it does to markets for any other good...

The final barrier to competing currencies: Laws that assess capital gains and sales taxes on gold and silver coins. Under federal law, coins are considered collectibles, and are liable for capital gains taxes. These taxes actually tax monetary debasement. The purchasing power of gold may remain relatively constant, but as the nominal dollar value increases because of a weak dollar, the federal government considers this an increase in wealth and assesses taxes...

Thus, the more the dollar is debased, the more capital gains taxes must be paid on holdings of gold and other precious metals.

The long-term strength of the dollar will only be weakened by maintaining the Fed's monopoly on our monetary system. Our foreign creditors are already moving to dethrone the dollar as the world's currency...

The prospect of American citizens also turning away from the dollar toward alternate currencies should provide an impetus to the U.S. government to regain control of the dollar and halt its downward spiral."

Tue, 11/03/2009 - 02:47 | 118079 Miles Kendig
Miles Kendig's picture

And that is the way it is folks.... 

Tue, 11/03/2009 - 03:48 | 118100 Anonymous
Anonymous's picture

Don't be lonely. I am with you.

Tue, 11/03/2009 - 11:31 | 118229 louisash
louisash's picture

We need to form a support group here on Zero Hedge for those of us that recognize the biggest swindle in the history of mankind.

Tue, 11/03/2009 - 11:37 | 118232 Anonymous
Anonymous's picture

Let's meet in the basement of Lou's Tavern.

Tue, 11/03/2009 - 12:11 | 118278 MsCreant
MsCreant's picture

Hang out and see what happens.

Tue, 11/03/2009 - 12:09 | 118277 MsCreant
MsCreant's picture

Your "pretty interesting theory" you have, I have had that type of thought before, but I thought they were going to do it to Citi (AIG zombification, life support cash blood flows to the rest of the system), but I did not think of it from the point of the CBs. The problem I see with the theory is that they are not like AIG, primarily insurers. So while the idea feels right, and it is possible I don't understand aspects of how Citi and BofA function compared to AIG, I had ruled it out because they were not insurers. I had gotten to the point of thinking about corporations without loyalty to countries, but not the CBs. That takes it up a notch and would explain why there is soooo much cooperation between these units/corporations. It is clear we are being used and tossed aside like a third world country (or if I may be so crude, like a used condom).

AN, you give good post.

Mon, 11/02/2009 - 20:48 | 117768 . . .
. . .'s picture

The safest bet I can think of is that the government will keep running deficits to try to keep unemployment from going too much above 10%.  And a decent bet is that households and institutional investors will pump money into treasuries until treasuries are a goodly percentage of their net worth, and that will keep a damper on inflation and interest rates for longer than most people thing, and thereby, allow deficits for longer than most people think.

Not that I'm happy about any of this, but what can you do.

Mon, 11/02/2009 - 21:36 | 117828 Anonymous
Anonymous's picture

Who is John Galt?

Mon, 11/02/2009 - 21:41 | 117836 sgt_doom
sgt_doom's picture

You are kidding, right?  I mean, unemployment is truly waaaay above 10% (try around 28% to 34% -- seriously!).

Secretary Locke is the same sec'y who has given waivers to companies receiving "Stimulus I" funds to allow them to buy foreign, and offshore those "green jobs."

I mean, once the few green jobs which are actually created from those funds are registered in the USA, then they are immediately offshored.

Please remember, Secretary Locke is the former Gov. Locke of Washington state, who offshored state jobs at 49 out of 51 state agencies.

The dood's got a record.....

And the Fed is the one who is pumping money into treasuries (including some of their offshore "companies" which are doing some of that purchasing), plus Goldman Sachs, Morgan Stanley, and others, doing their naked short selling on that exchange of theirs, ELX Futures.....

Mon, 11/02/2009 - 21:48 | 117844 ghostfaceinvestah
ghostfaceinvestah's picture

You have to wonder at what point someone in govt will wake up and realize that, just maybe, unemployment is above 10% BECAUSE of the stimulus.

Mon, 11/02/2009 - 22:14 | 117873 Anonymous
Anonymous's picture

marginal productivity of debt is negative....
recovery is impossible.

Mon, 11/02/2009 - 22:31 | 117884 Dantzler
Dantzler's picture

Good luck with that...

You're in WA, too no?

I appreciate your comments and will buy you a beer near Seattle if you want some time.

Mon, 11/02/2009 - 20:48 | 117769 Charley
Charley's picture

His handlers walked this statement back:

http://www.bloomberg.com/apps/news?pid=20601068&sid=aESN4VBewLDA

Mon, 11/02/2009 - 21:01 | 117793 deadhead
deadhead's picture

i saw that article.

the deal is that no admin official can use the word "stimulus".

they can spend another kazillion trillion, but it will never be called "stimulus".

 

FDR's CCC v.2.0 coming soon to a neighborhood near you.

 

Mon, 11/02/2009 - 21:09 | 117802 Anonymous
Anonymous's picture

This cannot be happening! Help me...I've fallen and I can't get up!

Mon, 11/02/2009 - 21:12 | 117806 monmick
monmick's picture

Here are a couple of useful synonyms for "stimulus" that could perhaps be used...

1. bang

2. boost

3. catalyst

4. encouragement

5. goad

6. impetus

7. impulse

8. incentive

9. incitation

10. inducement

11. kick

12. propellant

13. push

14. shot in the arm

15. spur

16. turn-on

17. urging

If it was up to me, I would go with a "shot in the arm" -- but I guess that would be too confusing; with the H1N1 flu vaccination and all. Maybe a kick (in the ass) would work...

Mon, 11/02/2009 - 21:20 | 117812 Julia
Julia's picture

You forgot K-Y warming gel...for that warm anal probe it really stands for.

Mon, 11/02/2009 - 21:51 | 117847 Missing_Link
Missing_Link's picture

"Boning"

I can hear Obama saying it now:

"My fellow American citizens.  We warmly invite you to bend over and grab your ankles.  I have been meeting extensively with members of Congress, and we have agreed to the creation of a new Boning Package.  No longer content with financially raping you, we have decided to rape your children, your grandchildren, and all your descendants in perpetuity."

Mon, 11/02/2009 - 22:16 | 117876 Anonymous
Anonymous's picture

obama and fellow american citizens is an oxymoron.....

www.obamacrimes.com

Mon, 11/02/2009 - 21:34 | 117827 deadhead
deadhead's picture

Mr. Monmick:

Thank you for the excellent suggestions.  I've got most of them on my list, but number 12 is a real killer!  Fuck you.

Rahm

Mon, 11/02/2009 - 21:45 | 117842 monmick
monmick's picture

First, I would like to thank you

Unconditionally and without reservations for your kind words.

Certainly, you will understand how touched I am by your great

Kindness. As you can appreciate, it is my hope that by 

Year end, this terrible mess will be 

Over and things will be back to normal for all of us.

Until then, I can only wish you and

The administration the best of luck

On your many important endeavors and please

Offer my best to the President and his lovely family.

 

Arnold, Governor of California

Mon, 11/02/2009 - 21:53 | 117849 deadhead
deadhead's picture

Arnold:

Fuck you steroid breath.

Until you can rout out those southern cali right wingers, you will not get a cent of propellant 2.0 money.  And, tell that right wing fuck Issa to leave my squid buddy bill dudley alone.

here's wishing a 900 barbell falls on your throat, crushing the life out of you and barbara boxer becomes the next governor of california.

ps....stop sending those semi nude pics of you in your dick suit to barney in exchange for him agreeing to backstop future cali municipal bonds. it ain't gonna happen unless you guarantee a Dem in every fuckin' cali congressional district.

 

 

 

Mon, 11/02/2009 - 21:55 | 117855 Howard_Beale
Howard_Beale's picture

DH is on a roll tonight! Let em rip buddy!

Mon, 11/02/2009 - 23:18 | 117920 deadhead
deadhead's picture

Howard:

I've asked DH to contact you to advise that you hold off any $52 put buys on the "diamond boy" company as he will likely be the next treasury secretary in short order. 

You see, I am modeling the timing of the political ramifications of terminating (with prejudice, naturally) that little phuck geithner, primarily because he cannot lie worth a shit and he is making our team look pretty silly because of the lack of this critically strategic skill set. For fuck's sake, even our worshippers at HuffPo have a picture of that little premature ejaculator on their headline every day because he cannot properly spin the incestuous and symbiotic relationship with my good friend lloyd blankfein. If turbo boy was doing the right job, the huff po-bama sycophants would have lloyd on a pedestal alongside with, well, Barry O himself: you know, a force for good, an agent for change, and, errr, a champion of transparency. Anyways, I digress, though it is fun when larry and I laugh our stones off whenever that stuttering little squirrel gets up in front of a microphone or camera.  You should have seen the fucking projectile diet coke vomit coming out of fat larry's nose when Tim most recently did his "we support the dollar" gig for the 800th time in the last two months.

Anyways, back to the diamond boy. Naturally, upon assuming this important job as assistant to larry summers and the goldilocks gang, jameroo will do everything humanly and legally (wink, wink) possible to assist the bearded buffoon in destroying the US dollar and, most importantly, selling those Obama propellant bills and bonds to the fed, chinese, american banks, and, hopefully, joe 6 pack, in order to fund the important campaign work, excuse me, I mean economic recovery work that the Obama admin is committed to.  The only thing jameroo asked for is for our good friend mary schapiro to keep busy by looking the other way investigating odd lot daytraders in brooklyn while the jpm trading desk uses that fed honey money to jack jpm commom into the fucking stratosphere. I guess the moral of the story is you better forget about the put crap and start going long jpm. 

Rahm

Tue, 11/03/2009 - 01:09 | 118022 aldousd
aldousd's picture

*applause* Very well done!

Tue, 11/03/2009 - 01:14 | 118029 Howard_Beale
Howard_Beale's picture

Dear Rahm,

How dare you try and talk for my comrade DH. He possesses utmost wisdom and is a serious truth seeker--his DNA shows no ostrich ancestors--which means the sand in his hair is from a long ago surfing trip. There was one particular gene in question--the Garcia gene as it is known at HGSI--but it turned out to have an R-squared of .066 for all people born in that particular year. The Lennon gene was slightly higher but within the normal range. Care to give a sample of yours?

Truth be told, you need to stop banging Shapiro. We know your strategy--keep her coming until the last Viagra runs out. Then she might show up for work. That Linda Blair thing you do with her is amazing. Put it up on Youtube...the chicks love you even when she spews stimuli on you.

As for my dimon trade---it's investment grade with perfect clarity. No lasers here to brighten it up. Just wait, you and Dimon will make such a perfect pair that between the two of you, the Lincoln bed will be way too small. Better ask for a kingsize bed because you can keep this orgy going on for months. I mean seriously, BB doesn't need to get laid--he has an AP for that--but you and JD will be like drunken sailors awash in amazing liquidity. Sail on, sail on, sailors. Don't forget the lube--you're gonna need it.

Jamie and Rahm went up the hill to fetch a bailout for Morgan.

Jamie fell down, upon his crown, and Howard's fortunes were golden.

Enjoy it while you can Rahm,

Howard

Tue, 11/03/2009 - 02:48 | 118080 Miles Kendig
Miles Kendig's picture

Damn, I hope I am forgiven for the other thread action then Howard......

Tue, 11/03/2009 - 03:42 | 118097 Howard_Beale
Howard_Beale's picture

We're just fooling around. Of which do you speak, Miles?

Tue, 11/03/2009 - 08:28 | 118140 deadhead
deadhead's picture

beautiful Howard!  starts my day off with a much needed and welcome laugh of approval!  love the Garcia and Lennon take....2 of my very favorites.

Mon, 11/02/2009 - 22:04 | 117863 geopol
geopol's picture

deadhead,,

 

I have to say that was a comprehensive and penetrating speech, Keep the good works flowing..

 

 

Mon, 11/02/2009 - 22:44 | 117897 RicardoM from T...
RicardoM from Temecula CA's picture

What does Ahnold have to do with this, Idiot. And, Issa is trying to generate support to audit the Fed.

Barbara Boxer is a joke and you take every dem in Cali and flush them all. They are all a waste of time and space.

Mon, 11/02/2009 - 22:52 | 117904 docj
docj's picture

Sounds to me like DH was doing his best RHAM-bo impression.

Mon, 11/02/2009 - 23:11 | 117921 Anonymous
Anonymous's picture

"barbara boxer becomes the next governor of california."

A) You're giving me nightmares.

B) We have right wingers? Impossible. We are a bellwether (code for progressive)

Mon, 11/02/2009 - 21:53 | 117851 Howard_Beale
Howard_Beale's picture

IOU for that one. Thanks!

Mon, 11/02/2009 - 21:56 | 117858 Anonymous
Anonymous's picture

You've got serious typing issues. What happened? Too much time in the jungle?

Mon, 11/02/2009 - 22:52 | 117900 monmick
monmick's picture

I may be wrong, but I suspect that neither you nor deadhead got the message. Kudos to Howard...

 

PLUS, it's hard to type when your hands have been cut off...

Mon, 11/02/2009 - 23:09 | 117916 geopol
geopol's picture

Interesting that you knew that detail about him,,WFB See you later aligator.

Mon, 11/02/2009 - 21:41 | 117835 Miles Kendig
Miles Kendig's picture

You forgot the recycle of the old favorite - Investment

Mon, 11/02/2009 - 23:34 | 117944 Anonymous
Anonymous's picture

I like "juice", as in "The PPT juiced the Dow and SPX today in the last 30 ninutes of trading."

Tue, 11/03/2009 - 01:10 | 118024 faustian bargain
faustian bargain's picture

jeez somebody just junked all these posts. get a life, whoever did it.

Tue, 11/03/2009 - 02:12 | 118066 Howard_Beale
Howard_Beale's picture

Whoever flagged you as junk needs to realize their frontal lobotomy was "just a bottle in front of me". Nuff said. It's only Monday.

Mon, 11/02/2009 - 21:31 | 117824 Careless Whisper
Careless Whisper's picture

It's a 'job creation initiative'.

Mon, 11/02/2009 - 23:06 | 117915 Anonymous
Anonymous's picture

Which is but an add-on module for TGD 2.0

Mon, 11/02/2009 - 21:01 | 117795 Anonymous
Anonymous's picture

Well, we know it's true. AMERICA.. FUCK YEAH!

Mon, 11/02/2009 - 21:01 | 117771 geopol
geopol's picture
Here Comes Stimulus 2.0

Pass the gravy, who gives a fuck at this point.

 

Mon, 11/02/2009 - 21:10 | 117803 Julia
Julia's picture

My guess is all those hooker stocks Robo always refers to, that's who.

Mon, 11/02/2009 - 21:44 | 117823 geopol
geopol's picture

OK, say what you want, but those are friends of mine, and contrary to your claims  and Robo's they have no steak,,,

 

Don't forget, the government ran the Chicken Ranch into the ground...but Amtrak still survives.. go figure.

Oh, you mean stocks?,, well, whatever

 

 

 

Mon, 11/02/2009 - 20:52 | 117775 Anonymous
Anonymous's picture

And, Volcker came out today saying Obama wants to cut "reliance on consumer spending." Guess any Stimulus II is going to be tied to exports, if you read between the lines:

http://www.reuters.com/article/GCA-Economy/idUSTRE5A15R920091102

Tue, 11/03/2009 - 02:14 | 118067 Howard_Beale
Howard_Beale's picture

I thought Volker made it pretty clear in his interview with the purple dress than it was ALL tied to exports, thus the weaker dollar strategy. No lines to read inbetween.

Mon, 11/02/2009 - 20:53 | 117777 M. Barr
M. Barr's picture

Last week a sign went up about a block from my apartment building.  It reads:

"Project funded by the American Recovery and Reinvestment Act of 2009.  Putting Americans back to work!"

Every morning now when leaving for work, I see about six DPW workers standing around and talking.  This is followed by angry cursing under my breath.

I guess I can now look forward to paying a crew of twelve DPW workers?

Mon, 11/02/2009 - 20:57 | 117784 geopol
geopol's picture

Since I was a kid, that never left the landscape... Lean on your broom, brother..

Mon, 11/02/2009 - 23:44 | 117953 Lux Fiat
Lux Fiat's picture

If you have flown in the past few months, you can see the government trying hard to boost those employment figures courtesy of the TSA.  How many TSA employees does it take to watch passengers embark on a plane or test "suspicious" liquids in soda bottles purchased atan airport and partially consumed on the prior connecting flight?  A lot more than you might think....

Re Stimulus 2.0 - cancel what's left of "Stimulus" 1.0 and start over on infrastructure only projects.  Or better yet, don't spend it and start work on figuring out how the government can do less with less.

Mon, 11/02/2009 - 20:56 | 117783 dark pools of soros
dark pools of soros's picture

so can we all just get welfare and our house paid for in return for 50-70% taxes?

Mon, 11/02/2009 - 21:02 | 117788 geopol
geopol's picture

Sorry, 70% isn't quite enough.. 90% plus first born with no tax deduction... Move along..

 

Let the little lady in here..

 

 

Tue, 11/03/2009 - 03:09 | 118091 faustian bargain
faustian bargain's picture

who needs taxes when you've got a helicopter.

Mon, 11/02/2009 - 20:58 | 117786 RagnarDanneskjold
RagnarDanneskjold's picture

The fourth time is the charm? (Bush/Dem rebate checks, TARP bailouts, Obama Stim 1, Obama Stim 2)

Mon, 11/02/2009 - 21:39 | 117832 geopol
geopol's picture

Oh, The humanity

 

Mon, 11/02/2009 - 20:59 | 117789 Anonymous
Anonymous's picture

The stimulus money is hard at work in near me too. They are lining a road of the local Junior College with trees. Cost is $1 million dollars.

One would think that those $1 million dollars would be better spent on a research grant instead of making a road look prettier.

Mon, 11/02/2009 - 23:11 | 117922 AN0NYM0US
AN0NYM0US's picture

you need to think in to the future

 

firewood

Tue, 11/03/2009 - 00:21 | 117989 bluebare
bluebare's picture

There's some funny people in here.  Somebody ought to roll this up and turn it into an HBO comedy special.

Mon, 11/02/2009 - 23:18 | 117931 Anonymous
Anonymous's picture

In 5 years they will have to repair the sidewalks, dig out the roots, and rooter the plumbing. It's the gift that keeps on giving.

Mon, 11/02/2009 - 21:03 | 117796 Anonymous
Anonymous's picture

seriously does it really matter?..we could never pay back what we owe now..what's another few hundred billion or even another cool trillion

if the world is stupid enough to fund our deficits at these insanely low interst rates ..let's do it!!!!

Mon, 11/02/2009 - 23:43 | 117951 Chignos
Chignos's picture

Rock on, you are there, dude!

Mon, 11/02/2009 - 21:11 | 117804 torabora
torabora's picture

They're stuck on stupid....epic stupid.

Mon, 11/02/2009 - 21:20 | 117814 Hephasteus
Hephasteus's picture

Stupidity is only able to validate itself you cling to it mercilessly until it either works or everyone forgets that something stupid doesn't exist any more. That's why god defies logic. Because 1. It's a liar full of paradoxes and confusion and 2. Logic defies God back.

Mon, 11/02/2009 - 21:12 | 117805 buzzsaw99
buzzsaw99's picture

It's only money, er, clownbux.

Mon, 11/02/2009 - 23:09 | 117918 Sec.NotSure
Sec.NotSure's picture

The new face of the greenback:
http://homepage.mac.com/dtrull/pix/idiotcash.jpg

Mon, 11/02/2009 - 23:36 | 117947 buzzsaw99
buzzsaw99's picture

Idiocracy, yep.

Mon, 11/02/2009 - 21:16 | 117810 Hephasteus
Hephasteus's picture

I still say this should all go to building rape tunnels. I mean every community needs to have one.

http://www.youtube.com/watch?v=1MOcm_7AinI

 

 

Mon, 11/02/2009 - 22:07 | 117868 Missing_Link
Missing_Link's picture

Lame.

Mon, 11/02/2009 - 21:37 | 117829 Anonymous
Anonymous's picture

Oh as long as it makes things better. Dancing with the Stars is on and you're interrupting it.

It's like doomsday 24/7 around here. Let's dance. I hear the ZeroHedge crew enjoys a nice dance.

Here is zero on youtube

http://www.youtube.com/watch?v=nkwR9fQ0Spc

Mon, 11/02/2009 - 21:37 | 117830 Paul S.
Paul S.'s picture

Multiple Choice Quiz:

In what dialogue was this famous line spoken?

"Now, I'm gonna open my fly and you're gonna swallow what I give you to swallow."

A.  Boggs to Andy Dufresne in the movie "The Shawshank Redemption"

B.  The US Government when speaking to the taxpayers

 

Mon, 11/02/2009 - 22:15 | 117874 geopol
geopol's picture

Paul S.

None of the above,, Obama to Geithner..

Dead book swapping...

 

Mon, 11/02/2009 - 21:40 | 117833 Racer
Racer's picture

Can someone send Bernanke and the rest of the government copies of Crowds and Power by Canetti? They need to learn where they are in the grand cycle ... fat bloated and need to be taken over springs to mind!

Mon, 11/02/2009 - 21:40 | 117834 BennyBoy
BennyBoy's picture

At a cost of only $323,000 per "stimulus" job, Stimulus 2.0 will create jobs at a cost of over $500,000 each.

Green shoots everywhere!

Mon, 11/02/2009 - 21:43 | 117837 Shiznit Diggity
Shiznit Diggity's picture

"it needs to be very targeted, very specific and we need to be very mindful of the deficit as well."

So why the did they extend the homebuyers' tax credit (not to mention expand it to move-up buyers also)? Seven out of eight homebuyers entitled to the credit would have bought anyway. Very well targeted...

Mon, 11/02/2009 - 21:48 | 117840 Pizza Delivery Man
Pizza Delivery Man's picture

Stimulus is 100% correlated to declining economies.

If the economy is healthy no stimulus is needed.

All recovery has been 100% smoke and mirrors orchestrated by the most elaborate group of financial magicians known to history.

(This is stimulus 3.0. There was a stimulus under Bush but I guess we aren't counting that one)

This is proof we have been lied to. Heart Attack victims need to be stimulated too. Could you imagine trying to defribulate a 25 year old healthy male as he is running through Central Park? No, because you wouldn't need to and it wouldn't make sense. Same here.

Mon, 11/02/2009 - 21:54 | 117852 Catullus
Catullus's picture

+1.  Stimulus 3.0

Mon, 11/02/2009 - 21:58 | 117859 cocoablini
cocoablini's picture

Extremely targeted to Goldman Sachs, JP Morgan and getting us to 13,000 DOW. I Can't wait...

Mon, 11/02/2009 - 22:01 | 117862 Anonymous
Anonymous's picture

Pass 10,000 Clams to my family and we will show you spending.

Spending to retire debt. Then we will be able to double or triple our spending to stimulate the Nation.

Dont pass us 250 dollars and call it stimulus.

Mon, 11/02/2009 - 23:16 | 117927 Anonymous
Anonymous's picture

See now THAT makes sense! That's the only way government intervention would make a lick of difference! (I'd still prefer it if they didn't muck about period but hey...)

Let interest rates go to market equilibrium, pay off as much consumer debt as possible in order to get them out from under their credit cards. Pull the "liquidity" needle out of their arms so they can spend their wages instead of chasing the dragon.

Mon, 11/02/2009 - 22:06 | 117866 Gimp
Gimp's picture

Whatever stimulus money they throw at the problem will probably have little effect. We are in one of the infamous "Black Swan" moments of time that no one knows the solution too. Only choice they have is go back to the standard operating procedures of the past and hope they work.

I do agree that unemployment is probably closer to 15-20% currently. I hope the administration starts making the right choices or we are all screwed!

 

Mon, 11/02/2009 - 22:52 | 117905 MsCreant
MsCreant's picture

Open the books,

Throw out the crooks.

It's so easy.

Mon, 11/02/2009 - 23:20 | 117932 geopol
geopol's picture

When it comes to throwing the crooks out..

 

Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.

This executive order delegates to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act.

 

Only problem is when you go to Dallas it gets vetoed..

 

Tue, 11/03/2009 - 01:25 | 118036 Apocalypse Now
Apocalypse Now's picture

Nice job MsCreant-

I do believe, you found our rallying cry!

Open the books,

Forclose on the crooks!

Open the books,

Forclose on the crooks!

Open the books,

Forclose on the crooks!

Tue, 11/03/2009 - 12:18 | 118291 MsCreant
MsCreant's picture

I like it, I see you working the open/close parallel. An alternate idea would be to just be as short as possible...

Open the books,

Jail the crooks.

Those are the two things that need to happen before we can get healing.

Tue, 11/03/2009 - 13:40 | 118407 Anonymous
Anonymous's picture

Yes, observant - the foreclose is to maximize populist anger and therefore involvement since many are losing their homes while those losing their homes (and their children) are and will be paying for the bailouts in taxes (so that banks, their management, and owners don't have their homes foreclosed on). They are foreclosing on us (the little guy), so let's foreclose on them - they are bankrupt but they are still foreclosing on the little guy, we should foreclose on them. I don't want to just see them go to jail, I want to also bankrupt them and their children - I think we have a better chance using our economics against them than a court of law (other than Madoff, Mary Stewart, Ken Lay).

I do like the simplicity of 3 words per line.

A.N.

Mon, 11/02/2009 - 23:55 | 117964 Chignos
Chignos's picture

 

"I hope the administration starts making the right choices or we are all screwed!" Are you out of your mind?  Have you seen the slightest iota of evidence that the administration is about to make the right choices?  Get a grip, Gimp.

Tue, 11/03/2009 - 00:13 | 117983 geopol
geopol's picture

This is a puppet regime of the Zbigniew Brzezinski clique, everything is currently going according to plan..

Mon, 11/02/2009 - 22:10 | 117871 agrotera
agrotera's picture

Can't US citizens do something to legally stop all of this?  This is a call to you lawyers out there who love your country, and don't want to let this corruption continue!...maybe a class action suit that would put an injunction on all policy making until deliberate consideration is given to the idea of spending money as a bankrupt country, and until the money given to bankrupt banks to suck in more funds which will never be returned is stopped,  and until TARP is revoked, and since it is CLEAR that the people lobbying for TARP were self-dealing, and not acting as fiduciaries for the US citizens, and hearings should be conducted to determine who committed treason against this country by stealing money for the bankruptoocorrupttofail!  After all of this, if these charges are satisfactorily met, then the congress can start passing legislation again!

Mon, 11/02/2009 - 22:19 | 117877 Anonymous
Anonymous's picture

until some politicians are hanging from trees there
is no injunction....

all of this gum flapping is about as meaningful
as a spit in the grand canyon....

Mon, 11/02/2009 - 22:34 | 117887 agrotera
agrotera's picture

I don't t think there has to be violence, just people who are not corrupt willing to step up and take the place of the corrupt and by the vote, we can make things right...people have learned now that when a politician promises change, you better know what kind, and that we need to insist that they work for us, not for corporate interests.

The gum flapping can help spread the word, but i do agree, it feels like spitting in the grand canyon.

Tue, 11/03/2009 - 00:27 | 117993 geopol
geopol's picture

I don't t think there has to be violence

When upon repeated injury, our founding fathers hoisted the revolution without a guarantee of success. Do we really believe that this creeping coup, the insurrection of constitution and law from beginning to end will voluntarily surrender because of constitutional sensibilities?

 

Think hard,,,,for your families,,We are on the precipice of freedoms Armageddon...

 

 

Tue, 11/03/2009 - 00:34 | 117998 agrotera
agrotera's picture

geopol--i should have said, i hope there won't be violence.  It really does seem an impossible task to expect that our vote will stop all of this--it is a pollyanna wish.  I just know that Obama has talked about a civilian force and if our own corrupt government can use our country's military powers against it's own people, how could anyone win a violent struggle against our government?  So, with that in mind, the vote is the only hope i can see.

Tue, 11/03/2009 - 12:05 | 118238 geopol
geopol's picture

agrotera,

One thing the fascist understands is, you can't rely on the military, or national guard, or the local police.. Thats why It's most effective when you get THE PEOPLE to crush themselves..Give petty powers to petty people...Example TSA, Community watch groups.....sound familiar??

One of the only ways, GENERAL STRIKE...It's unfortunate but I'm afraid our system of governance is none functional...

 

Mon, 11/02/2009 - 23:11 | 117919 Sancho Panza
Sancho Panza's picture

I'm afraid the law will do no good against those who write the law.  The looters are not just winning the game, they are gaming the rules, beginning with the Fed in 1913.  The looters should have lost all their jobs last September.  Which begs the question, just what will it take to flush the system?

Tue, 11/03/2009 - 00:01 | 117969 agrotera
agrotera's picture

Dear Sancho Panza --I was just having a little bargaining moment as i travel through the stages of grief over all of this...sadly it looks as if the looters are 'banking' on the idea that we will all just move along into a state of acceptance.  It is astonishing to think that so far, our own president has insisted that we should not dwell in the past and to try to go back and reconsider what was done in the fall of 2008 would be useless--so since our own president is endorsing lawlessness, what do we do?

Tue, 11/03/2009 - 01:54 | 118052 Bubby BankenStein
Bubby BankenStein's picture

I like the idea of suspending extraneous legislation until this alleged financial debacle is sorted out.  Nobody in government will stand up and put on an all on offensive against the perpetrators of these crimes against America.

All the hurry up about Cap'n Trade, Health Care Reform, Financial Reform, etc. is a smoke screen (Obfuscation) to cover the greatest fraud in the history of the world.

The most important work is to keep the music playing.

The music always stops.

Tue, 11/03/2009 - 02:38 | 118074 agrotera
agrotera's picture
injunction:

A court order by which an individual is required to perform, or is restrained from performing, a particular act. A writ framed according to the circumstances of the individual case.

An injunction commands an act that the court regards as essential to justice, or it prohibits an act that is deemed to be contrary to good conscience. It is an extraordinary remedy, reserved for special circumstances in which the temporary preservation of the status quo is necessary.

An injunction is ordinarily and properly elicited from other proceedings. For example, a landlord might bring an action against a tenant for waste, in which the right to protect the land-lord's interest in the ownership of the premises is at issue. The landlord might apply to the court for an injunction against the tenant's continuing harmful use of the property. The injunction is an ancillary remedy in the action against the tenant.

Injunctive relief is not a matter of right, but its denial is within the discretion of the court. Whether or not an injunction will be granted varies with the facts of each case.

The courts exercise their power to issue injunctions judiciously, and only when necessity exists. An injunction is usually issued only in cases where irreparable injury to the rights of an individual would result otherwise. It must be readily apparent to the court that some act has been performed, or is threatened, that will produce irreparable injury to the party seeking the injunction. An injury is considered irreparable when it cannot be adequately compensated by an award of damages. The pecuniary damage that would be incurred from the threatened action need not be great, however. If a loss can be calculated in terms of money, there is no irreparable injury. The consequent refusal by a court to grant an injunction is, therefore, proper. Loss of profits alone is insufficient to establish irreparable injury. The potential destruction of property is sufficient.

Injunctive relief is not a remedy that is liberally granted, and, therefore, a court will always consider any hardship that the parties will sustain by the granting or refusal of an injunction. The court that issues an injunction may, in exercise of its discretion, modify or dissolve it at a later date if the circumstances so warrant

source: http://legal-dictionary.thefreedictionary.com/injunction

 

Tue, 11/03/2009 - 02:56 | 118083 Miles Kendig
Miles Kendig's picture

agrotera, remember that we live in the era of judicial exclusion.  The law does not apply to the folks you are talking about.  I hear ya and smell whatcha cookin'.  However, you might as well attempt to bring Brigadier-General Reginald Dyer to justice then pursue those folks.

Sad times indeed. Like Peggy was alluding to, the systems are broken and there is no faith outside of a few nooks of the political and sponsorship classes that actually think the systems can operate in such a way as to achieve positive results.

Mon, 11/02/2009 - 22:12 | 117872 Anonymous
Anonymous's picture

In being involved with this type of thing it helps to keep in min this timeless truism: Money runs up-hill and shit runs down-hill.

Guess who controls which way the pipe tilts.

Mon, 11/02/2009 - 22:21 | 117879 geopol
geopol's picture

Can't US citizens do something to legally stop all of this?  This is a call to you lawyers out there who love your country, and don't want to let this corruption continue!..

 

I think you implore the wrong profession.

Besides the judicial system in this country has been hijacked for the last 30 years.. Just ask Bob Schulz

 

Tue, 11/03/2009 - 01:25 | 118035 faustian bargain
faustian bargain's picture

30 years? There's nothing in the Constitution about a central bank, yet the Supremes have been backing that one up for a hundred years.

Tue, 11/03/2009 - 11:49 | 118251 geopol
geopol's picture

I agree

Alright, lets make it, 96 years since the inception of the central bank

The SJC is a fraud....

Mon, 11/02/2009 - 22:30 | 117883 Bubby BankenStein
Bubby BankenStein's picture

Gary Locke is a heavy hitter, one of the most powerful since he has been delegated presidential authority over numerous national defense matters including export of military technology to China.

http://www.thefederalregister.com/d.p/2009-10-02-E9-23917

His pedigree will not disappoint anyone who is sold out.

Mon, 11/02/2009 - 23:15 | 117926 AN0NYM0US
AN0NYM0US's picture

I saw him interviewed a couple of weeks back (hadn't really registered on the radar prior to that), he appears to be one hard assed mfer

Tue, 11/03/2009 - 00:00 | 117970 Chignos
Chignos's picture

The problem with Gary Locke is that he has never done one single thing that was wrong.  All you have to do is ask him and he'll confirm that.

Mon, 11/02/2009 - 22:33 | 117885 Bear
Bear's picture

Friday unemployment will be 9.9999999% ... Monday BHO says 'my fellow Americans, I am seriously concerned that the financial hole that George Bush left us in ... ugh ... was just larger than anyone understood, but I am proposing a completely new and bold program that will allow us to see daylight at the end of this tunnel.'

P.s. I heard today that the Pelosi Health Destruction Bill has provisions to create 110 new agencies, boards, oversight councils, and programs (really true). With this a Trillion stimulus 2.0 should leave little POMO for GS, et. all.  

Mon, 11/02/2009 - 22:35 | 117888 mock turtle
mock turtle's picture

their stimulus package is only 2.0 big

too small, too late, aimed at the wrong orifice

should have been an apollo space program like 21st century energy project

all out.... like the national emergency it is

 

and circumventing the bankstas by financing innovative energy tech business ventures directly from a "bank of the united states of america" until the healthy banks mopped up the toxic banks which should have been allowed to fail

 

now its all water under the reactor

 

Tue, 11/03/2009 - 01:59 | 118056 Bubby BankenStein
Bubby BankenStein's picture

+1

Mon, 11/02/2009 - 22:37 | 117889 AN0NYM0US
AN0NYM0US's picture

midterms

 

that's all one needs to know to navigate the next 12 monhts

 

every decision, every action, most of the MSM media prop will be driven by the midterms

 

to the extent that the markets can be manipulated, they too will be subject to the midterms

 

 

Mon, 11/02/2009 - 22:38 | 117891 ghostfaceinvestah
ghostfaceinvestah's picture

didn't see this news on the site today:

Biggest Financial Firms Will Be Hurt by Capmark Bankruptcy

By Paul Muolo

When commercial mortgage giant Capmark Financial filed for bankruptcy protection last week its initial declaration included a page for its 30 largest unsecured creditors with one glaring omission: those creditors were not named.

After a bit of digging — and with the assistance the kind folks at Bankruptcy.com, a tracking service — I was able to obtain a list of Capmark's largest "unsecured" creditors from the truckload of documents that eventually were dumped in the court record. Topping the list was Citibank — which is hardly in a position to take more losses.

But Citi — the administrative agent on what was once a $5.5 billion loan to Capmark — has plenty of company. Deutsche Bank, acting as a trustee, is owed $1.8 billion on bond-related debt with Wilmington Trust owed $500 million.

Read more

Tue, 11/03/2009 - 00:04 | 117975 Chignos
Chignos's picture

Nice pick up, ghost.  Anyone else paying attention?

Mon, 11/02/2009 - 22:39 | 117892 Anonymous
Anonymous's picture

IMF Sells Gold to Central Bank of India, Netting $6.7 Billion

Nov. 3 (Bloomberg) — The International Monetary Fund said it is selling 200 metric tons of gold to the Reserve Bank of India for about $6.7 billion, its first sale of the precious metal in nine years.

The sale accounts for almost half the 403.3 tons that the Washington-based lender in September agreed to sell as part of a plan to shore up its finances and lend at reduced rates to low- income countries.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAkoEr3mFLv0

Tue, 11/03/2009 - 00:58 | 118012 Apocalypse Now
Apocalypse Now's picture

I wonder how much of that gold is yours and mine?  How much was US owned gold from Fort Knox given to the IMF?

Audit fort knox, audit the fed, audit the TBTFs, audit SLV and GLD, enforce naked shorting rules on PM commodities and related PM shares.  Without this, they will steal all of our wealth.  Precious metals are the achilles heal of the banking beast and our path to freedom.

This could be geopolitical as the US wants India as an ally against Russia, China, and Iran.  India has been playing hard to get from all sides and is somewhat like Switzerland with few alliances - perhaps we received something geopolitically valuable from them in exchange for the gold. 

Tue, 11/03/2009 - 01:29 | 118039 faustian bargain
faustian bargain's picture

Don't I remember hearing that the perennial IMF-gold-selling threat was considered apocryphal? How significant is this?

Mon, 11/02/2009 - 22:39 | 117893 geopol
geopol's picture

The Chicago school of free markets,,, I love it.. The problem is, it's a myth. When you have a government that takes TRILLIONS from the productive efforts of the American people it no longer is a free market..

Free market definition:

 

The MAFIA .....Open a business, and don't tell anybody,,Make $500,000,000.00 and don't tell anybody THAT'S A FREE MARKET...

Mon, 11/02/2009 - 22:41 | 117894 digalert
digalert's picture

Will they admit the first $787 billion was not really meant to be a stimulus?

Mon, 11/02/2009 - 22:58 | 117909 MsCreant
MsCreant's picture

Are you saying without foreplay it is actually a dry fcuk?

Mon, 11/02/2009 - 23:12 | 117924 geopol
geopol's picture

Your call..

Mon, 11/02/2009 - 23:18 | 117930 Lothar the Rott...
Lothar the Rottweiler's picture

New .gov health plan provides for KY, MsC.  Don't worry your little mind (say our overlords).

 

Tue, 11/03/2009 - 01:12 | 118025 MsCreant
MsCreant's picture

Lothar,

Maybe we have it all wrong with teabags. Maybe we should mail them condoms. Lots and lots of condoms. Lubricated. And tell them if they are going to fcuk us, they should at least wear these.

We could mail them to the regulators too and say, "Since you won't do your job and regulate, the least you could do is protect us."

Instead of the Boston Tea Party, we could have a giant CONDOMNATION party.

Tue, 11/03/2009 - 01:16 | 118031 agrotera
agrotera's picture

This one is just TOOOO good MsCreant! Please do not let it go!!!!!

Tue, 11/03/2009 - 05:33 | 118086 Miles Kendig
Miles Kendig's picture

MsCreant, you need to contact me ASAP at mileskendig@live.com or via AIM at mileskendig1.

Tue, 11/03/2009 - 14:29 | 118497 MsCreant
MsCreant's picture

I have emailed.

Tue, 11/03/2009 - 02:11 | 118061 Bubby BankenStein
Bubby BankenStein's picture

This w(hole) protection thing is a great theme for a tea party.

Let your government know that we have been screwed enough.

Tue, 11/03/2009 - 11:56 | 118259 geopol
geopol's picture

The inspiration for a new party..Doesn't get any better than this,,,

The Condomnation Party....priceless

 

Well, that just about covers it..

 

 

Mon, 11/02/2009 - 22:42 | 117896 Anonymous
Anonymous's picture

IMF sells 200 tonnes of gold to India central bank

Hilarious! Unreal how dumb money spends.

Mon, 11/02/2009 - 22:45 | 117899 Anonymous
Anonymous's picture

Remember The Phantom menace? A corrupt Senate working for vested interests and the evil Palpatine scheming his galactic dominance. The masses squeezed high and dry. Who would be our Amidala? No Jedis? This spells doom for all. A revolution it would take to restore balance...

Mon, 11/02/2009 - 23:44 | 117906 Pizza Delivery Man
Pizza Delivery Man's picture

Apparently there are a few "big swinging dicks" on this site.

If banks aren't lending than why is your trade inflation?

The Fed printing money is half the inflation trade. The banks lending it is the other half.

Where does the inflation come from?

Mon, 11/02/2009 - 22:56 | 117908 Anonymous
Anonymous's picture

How much force do I have to kick with to get 59% of my foot up someone's ass?

Tue, 11/03/2009 - 12:03 | 117948 geopol
geopol's picture

In my experience it is a corollary to the tightness of the sphincter, weight coefficient and force of kneecap delivering the blow...

59% May be over doing it... 40% gets the ass to pucker..

Mission accomplished..

Mon, 11/02/2009 - 23:32 | 117941 mthomas
mthomas's picture

I just saw that the gold price is up big this evening cuz it was announced that India’s Central Bank bought $6.7 worth of gold from the IMF. For this to happen with gold trading near its all-time high is a very bullish sign in my opinion

http://www.goldalert.com/stories/Gold-Price-Approaches-Record-High-as-India-Buys-IMF-Gold

Mon, 11/02/2009 - 23:35 | 117945 Mark Beck
Mark Beck's picture

It was estimated that only 1/3 of the stimulus package would directly create jobs. The conclusion, job creation was not a priority. Our legislatures do not understand the demographics of our labor market. Nor do they want to create a national environment to promote an increase in wages. More importantly, they have lost touch with the tax revenue base. The patient is bleeding to death on the table, and needs a deficectomy stat, and the doctors are so incompetent, they cannot even find the operating room.

Quote: "Mindful of the deficit". Politicians talk as if fiscal policy was enacted on some strange and distant world. Devoid of all reason, undisciplined, chaotic, unclean. The planets name, after decades of exploration, the other party.

Mark Beck

Mon, 11/02/2009 - 23:54 | 117959 Pizza Delivery Man
Pizza Delivery Man's picture

I'll say it again.

This is Stimulus 3.0. There was a Stimulus 1.0 under Bush.

Why doesn't the government get creative for Christ's sakes....call it "Vista" or something. The sheeples would never connect the dots.

Tue, 11/03/2009 - 00:02 | 117972 HayeksConscience
HayeksConscience's picture

They first need to clean up Wall Street and put some confidence back into the system.

Here's a start.

http://www.wikihow.com/Tie-a-Noose

 

 

Tue, 11/03/2009 - 00:12 | 117981 Chignos
Chignos's picture

Must see video info tv.

Tue, 11/03/2009 - 00:12 | 117982 Chignos
Chignos's picture

Must see video info tv.

Tue, 11/03/2009 - 00:39 | 118004 Anonymous
Anonymous's picture

About as surprising as CIT BK...really these guys have no creativity at all....

Tue, 11/03/2009 - 01:06 | 118019 Anonymous
Anonymous's picture

Constitution, Amendment XXVIII : The Congress shall pass no laws.

Tue, 11/03/2009 - 01:16 | 118030 TumblingDice
TumblingDice's picture

Money disappearing->need more money->need to increase government debt->more stimulus->more debt burden for economy->more defaults,deliquencies and foreclosures->money disappearing

How can this formula possibly fail?

Tue, 11/03/2009 - 01:28 | 118038 Anonymous
Anonymous's picture

You should pay more attention when I tell you something. Didn't I say at least a month ago that it would be $2.4 trillion in February 2010?

By the way, it's simply more liquidation. As long as fools like Zerohedge continue to refer to it as "stimulus" that's fine with the thieves at Goldman Sachs. THEY know it's government liquidating its position in society via corporatist looting.

But somehow Zerohedge doesn't seem to understand that it's about individually enforceable rights. That will kill them.

Do NOT follow this link or you will be banned from the site!