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The Heroin Addicts Are Out, And They Are MAD, Warn Of "Another Catastrophic Financial Crisis"
Today's dose of Mutual Assured Destruction brought to you by Reuters:
- Chairman of US Treasury borrowing advisory committee tells Geithner in letter there is an "urgent need" to raise debt limit
- TBAC says any delay in Treasury on making interest, principal payments could trigger "another catastrophic financial crisis"
Apparently, we now have at most 3 weeks before America, if the TBAC is correct, launches a suicidal nuclear attack on itself. Because as you recall the world ended when the Fed released its uber top secret classified docs.
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The market is soaring so no need... go ahead default, the market will go up 1000 instantly
yup, 200 buck a barrel oil is very, very bullish.
as well as Bicycles and Mopeds.
Green Shoots!!
Boehner says “Lazy Un-Employed Scumbags are to Blame for the Recession” I am paraphrasing a lil. http://goo.gl/8ep0F
Boehner: "Can't pay your student loan? Face it your parents were lazy and you couldn't afford college. The world needs ditch diggers and you were born into a family of them. Can't pay your mortgage? Your house was too expensive and you couldn't afford it. Your taxes going up too much? That's what you get for electing a democrat president. Never had a job after you got a degree? You learned nothing in school and you're lazy. I didn't get to be a congressman by watching jersey shore or playing xbox. You think there's no jobs for you? There used to be. There was when I was your age. You don't have fee time because you have to work all days of the week for 16 hours a day and you don't get paid hourly? Thank the unions. They made decent jobs so out of price range of the average American company that they can't hire anymore people and the works' gotta get done. These unions... I tell you they won't be happy till no one in America has a job. And health care? Don't get me started on health care- doctors study their entire lives and they barely make enough to live and yet Obama, who had his entire life handed to him on a silver plate wants to cut their pay. You know that's gonna do? Increase costs- the average persons going to have to work even harder just to see a doctor. "
Taibbi: "With mounting unemployment what do you think is the possibility that we'll see an Egyptian style uprising of the youth? Should we be worried?"
Boehner: "It's not going to happen in the US. The kids here are too fat, too lazy, to addicted to TV, fast food, cheap credit, and facebook. I have news for you- there are plenty of jobs out there- the unemployed don't want them. Today's college student feels entitled to make at least $24 right after college. When they find out they can collect unemployment they would rather do that. You know the average college educated unemployed person is collecting $60k a year? The CATO institute did a study- and I mean, you and me we're hard workers we could just sit around and live, but these kids today- that's all they've been doing their entire lives. I'm not worried for this country- there are a few of them who actually want to work, take Mark Zucker(sic). You don't build a site like facebook out of thin air- it takes talent and hard work. I went to a community college and all I saw were people sitting in front of computers typing away, their eyes were fixed. Probably just facebooking away."
**************************************************************
Boner says that the young ones are to, too busy facebooking to care to participate in a "Day of Rage" here in the U.S.! I say Popiecock!
here is some food for thought..
Michigan, Police have been downloading info from cell phones during stops since 2006! http://goo.gl/qIM4I
Military Helicopter Exercise startles Miami residents http://goo.gl/itJiJ (YouTube Video) BlackHawks flying downtown Miami at Night. (why do they only practice with the BlackHawk Evac's from the Bank of America Building?
Is something happening soon that would require a full on evac from the B or A Building? seems fishy..
Here's my latest scenario. They pull out the loyal nwo soliders from the normals just by knowing who's a complete psycho and who's not. They start them up on gassing people in denver and fema camps. They pull all the US's friend or foe codes. Ramp china up to mow thourgh the us forces like they were nothing. They already got them in demoalization training in afghanistan. Use chinese high power transmitters to take over operations of all the predator drones. Use special chinese chips they smuggled into the defense industry to screw up our gear.
China comes rushing in finds all these death camps becomes the new heros. It goes from UK and israel secretly pulling the strings on USA but since we have lost our credibility they need a new hero state to work under. Snuggle in at china turn us into the new germany. Move bunch global assholes into the new ghost towns in china. China goes from not fighting many wars to constantly being at war just like US. Keep pushing till afghanistan fallls, pakistan falls, set up shop in Iran, and libya.
That's the game plan from what I figured out. There is no 2012 deadline that falsly leads people to conclude that it's an epoch over game changer. They will keep doing the same shit they always have been doing till it's finished and they got their slave planet.
2012 was miscalculated- but it is an excuse to sabotage the system.
Boehner is fucked...and apparently delusional as well--
He's must be mentally unbalanced. There's no other explanation for the above as well as some of the other comments he made.
I don't think his district is gonna tolerate him any longer when they read what Taibbi is going to print.
The sick fuck can cry all the way home.
Um...that story is a hoax. Matt Taibbi tells us so.
http://www.rollingstone.com/politics/blogs/taibblog/i-did-not-interview-...
Who cares. This is the internet. Let's go with 'Factish' like Mr. Colbert.
This story isn't a hoax. It's dead on.
Boehner is revolting. What a scum bag.
http://www.rollingstone.com/politics/news/matt-taibbi-the-crying-shame-o...
Taibbi is just merciless...Enjoy!
[Hard to believe the other story WAS a hoax given what an amoral jackass Boehner is.]
"Boehner says..???" WTF!!??
Why would ANYONE even bother to quote someone who couldn't even make it through US Navy boot camp, then frigging lied and claimed military service during Viet Nam when he first ran for the House???
I mean, W-the-blood-F???
DOW +.67% on the news. (12,563.36)
Yep! The SPX has reached it's highest level post-crisis. Everyone gets a share of GM in their garage, and a share of Sara Lee in every pot.
Physician heal thyself.
I don't think they have anymore magic potions left. They forgot to collect those in the hidden dragon cave.
It's just a transitory collapse anyway, everyone needs to calm down. The debt ceiling will be raised, the can will be kicked, and I will continue getting drunk.
Physical heal thyself.
I BTFD in silver, 10% correction is over.
Yep, saw it hit at $45 an ounce. I told them I only wanted product for immediate delivery. Picking were very slim and all of it is scratch and dent. I don't care as long as it's 999 bullion.
I had these rediculous low bids on Ebay on 12 Chinese panda's 2011 at 40$.
It's like everybody stopped bidding because of the silver pauze and I actually won them below 40$ :)
Go figure :)
There u r belgian waffle.
I thought the men in black finally got you.
I hear Timmy is surfing in Half Moon Bay with his secret service entourage. How bad could things be?
well... the secret service was originally created "to protect the US currency"...
If they would do their jobs, they would put a cap into his head... and Ben's head...
* Submits Guillotine Blue Prints for cost versus profit analysis. 1789 Bitchez!
I don't think we need to be cheap here :)
I'll even donate some of my silver to make bullets out of them to take them down. All free. Just add gunpowder :)
I vote we make you an honorary American. You got more sense and balls than half the numb skulls running this joint!
Second the motion.
Truthfully, it might take a silver bullet to bring some of them down.
pods
We all know it will be raised, so why do they even bother with the propaganda? Besides, its obvious to everyone that you solve a debt crisis by creating more debt. Its all we've done for 2 years, and its 'working' - ugh
I still hold out hope that the tea party will either accidentally or purposefully raise risk premiums so high that our government can no longer make our children debt slaves.
They are all useless and should be fired.
Change your avatar
ask Pladizow for one
Yeah, get a better close up on that bulge, we like inflation at the Fed. Raise that debt ceiling, yeah! Come to Mama...
Uhmmm, the ladies around here like the avatar. I junked you too.
Madness, absolute madness.
DavidC
.
Suicide Bankers don't fuck around. They're more dangerous than imaginary terrorists.
Yeah!
http://www.youtube.com/watch?v=B3IlDNX3VYg
Decide in haste - repent at lesuire.
Shall we call this 'TARP II' - the sequel - this time we really mean it.
Awww, you beat me to the punch.
Agreed - TARP 2.0
It's all in the marketing.
Scary details of consequences of non-passage of bullshit legislation so the government can go piss away more money on useless shit at 5 pm and at 11 pm.
It's TARP 2.0 (or 3.0?) all over again, and if the debt ceiling isn't raised, a fucking asteroid is poised to take out planet earth!
Obama: "Where is that memo Hank Paulson used to scare the bejesus out of the Senate? We need it now!"
Timmah: "But its on GWB letterhead!"
Obama: "while your adding the zero's, just change the initials! Jeeze, I need to think of everything!?"
Love it.
Ha! He's the new Decider. Well done.
Long VIXXXXXXXXXXXXXXXXXXXXXXXX
Tvix is easy to buy and ready to give it to you up the poop chute like it did me. It never uses lube either, or even take you out to dinner first
Tea party republicans. You know what you should do.
Follow your conscience and allow default. No one will ever lend our baby boomer government money again. Our children can grow up without becoming debt slaves to china and the baby boomers.
Too bad theyre also just puppets on banksters strings.
"our baby boomer government"
LOL
We don't need a TEA party. What we really need is a Guillotine Party.
Why didnt i think of that?
Penned on JPM letterhead, no less. And who else, you ask, is on this committee to save the American way of life?
Stephen Rodosky, Managing Director, PIMCO
Yeah, Treasuries are priced to yield poor returns. Increasing the suppy should fix that.
I've got 10mg Narcan ready to shoot!
If you know what that drug is (and clearly you do), then you know what the likely reaction is when administered to a heroin junkie.
Restraints are required when the patient becomes extremely violent and combative.
Nice metaphor, anyway.
Narcan, of course, has a very short half life.
I want a drip so I can see the bastards in agony for a long time.
Who cares, did you hear IBM increased their quartely dividend by 15%! Yippay!
MGM loses $1.44B in 2010, stock up 50%. It's a MAD world.
http://www.youtube.com/watch?v=WxHNWDbp_Qw&feature=related
Got that right.
So they going to reduce charlie sheens coke rations to half a suit case?
So you don't even break even on the currency depreciation of the dividend
What in the hell is the purpose of this obvious bullshit warning. Doesn't he know that the ceiling will be raised? Can this guy really be that dense. Maybe he is just providing the folks in the capitol with an excuse.
Yeah, I have the gut feeling, that they are going to raise the ceiling higher.
I'll give it a 10000 to 1 (paid in silver) that the US will raise it's debt ceiling.
Anybody want to take that wager?
I agree, there is no way the politicians will quit the denail; the delusion is too comfortable.
BTW there is always a 3th and 4th generation to pay off the debt.
Yes, the cans we are kicking are ours and theirs. Maybe they will kick their own cans and it will go on forever.
Sherri and Lambchop:
This is the song that never ends,
It just goes on and on my friends,
Some people started singing it,
not knowing what it was,
And they'll continue singing it,
forever just because...
This is the song that never ends,
It just goes on and on my friends,
Some people started singing it,
not knowing what it was,
And they'll continue singing it,
forever just because...
This is the song that never ends...
http://www.youtube.com/watch?v=9ffL573XI50
Like the river of no return
Like Kilimanjaro that never snows up
Like Fukushima that never blows up
Like the USD that never throws up.
I pony up a buck to you if they raise the limit, but you pay me $10,000 in silver if they do not raise it?
I'm all over that.
Heavy equipment stocks and cyclical names are rocketing again today.
More proof that we are heading into an economic boom of epic proportions.
'Cyclical names'....go beat yourself to death.
So finally AIG is going to buy something and it's going to make it a whole lot of money. And JPMorgan is going to buy something and it's going to make them a whole lot of money. Hint it's not facebook.
Is it a rigged voting booth? They already bought that?
Is it fraudulant paper shell S&L aurthur anderson company?
Is it it a magic machine that reforms sociopaths into non lying productive members of society? And psychopaths into bunny petting childrens book story telling good guys?
Is it a book about a rich guy who has a ton of money and figures out he can't buy anything to fix the fucking mess he made?
Is it McJobs and McMilitaryBases epic again. Cause we did that one already. Several times.
Just when I think you couldn't possibly say anything more stupid, you find a way. I hope you're putting all your money behind these comments but it's pretty clear you are plain full of shit.
either that, RT, or people have learned that you can buy a new tractor, have it delivered to Pic'nPull and make 30% on the skyrocketing scrap, parts, and recycle value, while getting nice low financing, and tax credits, too!
I fail to understand your math. As a member of this industry to which you infer which prides itself in being a recycler of junk, making it into secondary RM, not as a destroyer of prime product. You are now taking the prime product for recyclable junk; a bit like our Benocide does with the green back!
No amount of free money and tax rebate makes that economically win-win for entrepreneur and society!
You be son of Benocide? Not that I agree with RT!
Come on RT, bring back the old avatar. Way cuter.
pods
it would be funny if the usa collapse was hastened by a debate over $150 funding for planned parenthood.
+100
The Tea Party Reps are too busy collecting farmer welfare.
Why would they cut their own throats?
If we're not allowed to spend FAR MORE money that we DONT HAVE, then its lights out! Other than that, we're in a ROBUST recovery and spraining our arms patting ourselves on the back! Yea!
"The letter raised six concerns: that foreign investors could reduce their Treasury purchases on a permanent basis or even sell some holdings.."
So, the message is, that unless the US continues to spend itself into oblivion, foreigners are going to stop lending the money?
Geithner has told them to write a threatening letter, and they put something like this in just to show how stupid they think the politicians are.
It's clearly where Greece went wrong - they would have got much better yields if only they'd asked for more money!
What a fucking joke!!!
debt ceiling raise - no Ben`s going to confiscate gold + silver - that will do the trick !
Chairman of US Treasury borrowing advisory committee tells Geithner in letter ...
Get to it man. Quick. There needs to be another injection of liquidity support or we'll all CRASH !!!
Well Rome didn't shit the bed overnight. It was a long drawn out fiasco. Look for the same here.
Don't have to look too hard, though. We've been watching it play out for about four years now. We're in the death throes.
"another catastrophic financial crisis"
Guys, I'm even more confused now: How can one have more than one of the above per fiat monetary system collapse?
no more heroin = catastophy for addicts, great relief for all non-addicts
time to kick the habit banksters
Go ahead, raise the debt, print more fiatscos....none of this fools China for a second as theyre dumping $2 trillion in dollar debt. Speed up the collapse boys, I dont care!
file this post under "No Shit Sherlock". Of course the fed never will see the doom that awaits.
Ben Timmay are down in the engine room trying to blow a bigger hole in ship usa so the bow (dow) will rise out of the water a little higher that's all.
A.k.a. the financial terrorists are out.
whrere is Goldar when you need him! How about Silvdar btfd!
http://youtu.be/3fwLZbKGc24
Space Giants FTW!
Debt ceiling raised then QE3 starting in august or something like that.
And the dollar by mid summer should be barely clinging to 67 or so as well. Good luck.
When China monetises its USD currency reserves into other currency to tune of 2 T USD...it'll be time to watch the face of the FED mandarins...they will all be wearing black trousers, have pig-tailed, bi-strand hair and beady eyes, with paper thin mustaches...what a sight that will be!
"Dear Chairman Wing Ding mega-Dong, my son would like to apply for BS course in economics in that great university of Yin-Yang Institute of Broke-back (chinese version) Mountain, which Chairman Mao left as indelible testimony of socialistic triumph to your Great middle kingdom, now center of universe. I would personally be honored to come lecture in this venerable institute's culinary advanced class section on the novel subject of how to make a new, personally patented brand of chop-suey out of IQ 145 calibre WASP juicy testicle meat, Ivy league DNA guaranteed, that I will provide as a unique one-time technology transfer incentive from my very own "cook book for mega crooks", specially custom concocted from voluntary suicidal staff originating in my ex-employer's offices. Who have kindly bequeathed to me, their undying chief, their left-over, unused prime organs, as they jumped out of their multi storeyed windows. It should do wonders in instilling into the intellects of your future uber-students the spirit of enterprise so cherished in these true american halls of excellence that have made my great ex-country what you aspire to become!"
Yours truly, FED Chairman (ex), now free culinary agent for a fee payable in PMs at your convenience to my own non federally held JPM vaults.
PS : Needless to say I take full responsibility for having concocted this rant as poetic diatribe not attributable to anyone but myself with no other aim than to contribute to "mutual derision and assured destruction" as the caption so aptly mentions.
:-) love yout titles
In old bitch europe we also have some "nucular bomb" news recently.
How long will it take for US puppet MSM to start ultimate unique terrorist-economical double whammy panicking something like NUCLEAR THREAT ON WALL STREET!?
Hahaha, it's starting to become hilarious-- the circle jerk of asshole policymakers is now turning into a circus-- silly heroin addicts tricks are for kids.
LIES, LIES, LIES everywhere. Note nwo-friendly forum. Ugh.
http://www.breitbart.com/article.php?id=CNG.bb8d29de016b5320311c96de8bcead4b.21&show_article=1
The only problem with nuking Wall Street is that somehow the the wealthy would be notified in advance, sold their overpriced apartments, dumped all their assets and be safely on their private planes to Brazil...
"Market talk that Globex to lower ES margins to negative"
You what? You mean I have to owe money to be able to trade... bring it on..
US markets to infinity and beyond......... wheeeeeeeeeeee
The creditability of the U.S. govt and soon the reserve currency status for the dollar are dropping rapidly. Every other major country must be burning the midnite oil in trying to figure out the best escape plan out of the delusional dollar while behind the scenes Suicide Ben and company are twisting arms and locking the doors to keep their abused prisoners from escaping the Fed's insane asylum.
'Treasury Secretary Timothy Geithner says the U.S. will never embrace a strategy to try to weaken the dollar for global trade advantage.'
Someone pass the sick bucket quick.... and why I am being violently ill can someone arrest that LIAR as soon as possible
Now these poor babies at the Fed know how it feels to be a Chinese holder of UST.
We should just hand them a newly created worthless sovereign paper with a picture of the national middle finger bird and a lot of zeros on it. It will have no debt ceilings or limits so they are welcome to as much of it as they want.
Some people got worked up about the possibility that national parks would be closed in a government shut down. I can only imagine the looks on their faces when the national parks are auctioned off to the highest bidder.
Aint that the truth! So Sad! If the sheep tuned into reality for a moment they would all have pitch forks headed to you know where! Let me get back to the game and housewives of beverly hills y'all! Holla!
Since the Treasury Borrowing Advisory Committe is owned by JPMorgan Chase and Goldman Sachs (And SIFMA is spread among the banksters), one could surmise that is their preferred strategy of the month?
Just say no to increasing the debt ceiling and let's get this over with. Make a list of whoever votes in favor of increasing the debt ceiling, and circulate it! This is like a bankrupt house calling the bank for higher credit card limits! No!!!
Don't insult heroin addicts.
we already have a financial crisis and no one does anything about it except shovel more money to bankster-pigs.....and the world hasn't ended....
director of north american mossad operations rahm emmanuel would be delighted at another unwastable crisis....