Krieger On Printing And Propaganda

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Thu, 05/19/2011 - 13:42 | 1292360 TruthInSunshine
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Sorry for the OT.

LNKD at $104, will lose another 10% per hour (if it's lucky, if not, much more), and retrace to $80 or lower by close, with a bunch of people stuck for as much as a $122 buy in.

Epic fail.

See you at > $35 as soon as full on shorting is allowed, RoboFader.

IntraDay Chart. Λ

Thu, 05/19/2011 - 13:46 | 1292378 Michael Victory
Thu, 05/19/2011 - 14:19 | 1292474 TruthInSunshine
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This is probably the one article written wherein I should have not gone OT, since I agree with it wholeheartedly.

Great article, Mike.

I disagree about The Bernank's options, however. He has no real (and certainly no good) options and a trapped rat, in reality, drowning in his own effluent.

Thu, 05/19/2011 - 15:29 | 1292877 Nacho.Libre
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I had an opportunity to go to a luncheon today where Fed Pres Fisher of Dallas gave a talk.  It was to a group of the area's bankers, influential people, county judge, mayors, school district supers, university pres., etc.

So, this is what he said.  The economy is getting better, he voted against QE2, there will be no QE3, the Fed is NOT monetizing the debt, China is still buying treasuries, immigration is good (they have a study on the Dallas Fed website), and they provide their educational series "building wealth" for free.  It is such a great resource, they will provide it to teachers and college professors for free to share with their students.  In addition, he "strongly strongly urged" the heads of the local universities to make taking a class in "building wealth" a prerequisite for entry into college. 

So, there you have it.  The propoganda continues.  And the whole crowd bought it.  All the bank CEO's, community leaders, educational leaders, etc.  That's why we won't be getting out of the mess we are in.  They have a big propoganda machine and it works from the top down, and now they even want to indoctrinate the high school and college kids!  But the jokes on them!  Our kids don't care enough to learn anything and are teachers only want raises and don't care about education, so HA HA! 

Thu, 05/19/2011 - 17:04 | 1293344 Montecarlo
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We really are riding the USS Titanic.

Thu, 05/19/2011 - 18:12 | 1293614 Nacho.Libre
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I forgot to add, Fisher also stated that the Fed knows there is a ton of liquidity sitting around doing nothing and that it's not getting out.  If I recall correctly, he said they had some $1 trillion plus sitting as reserve deposits for banks and it was earning .25% or less, so they know the banks aren't putting it out there.  He also mentioned that business balance sheets were flush with cash, but he didn't talk about most of it being off shore, the way it's talked about here. 

The community bank president that invited me to the meeting asked me what I thought.  I told him it was interesting to hear the guy lie like that to a room fool (full) of people.  He did a have a nice presentation and seemed sincere enough in saying that they are really trying to do good and help small business and people.  I almost wanted to believe the guy.  Maybe they really do think they are trying to do good.  I dunno, but some of his body language indicated to me that he knew he was lying.

Thu, 05/19/2011 - 20:21 | 1293971 SoNH80
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And Fisher is "the hawk"!  The "friend of small business!"  The job of the regional Fed presidents is to keep the Chamber of Commerce rubber-chicken dinner circuit calm and happy.  They deliver their lies in the local accent.... in Boston, they wear a Sox hat and eat chowder, in Dallas, they wear cowboy boots and eat Frito pie; in Cleveland, they talk about bowling (you get the idea).  It was a real stroke of genius by the Jekyll Island boys to regionalize the system... all of America has a Fed regional bank to call "their own".

Thu, 05/19/2011 - 21:40 | 1294170 Federal Reserf
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It is actually the USS Bernanktic but as Peter Schiff says, according to their logic, the Titanic voyage was a success because some passengers actually made it to New York.

Thu, 05/19/2011 - 14:22 | 1292565 ghostfaceinvestah
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When do (put) options open on this POS?

Thu, 05/19/2011 - 15:17 | 1292834 rumblefish
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I's stupid.

How the he'll the make one penny is beyond me.

Thu, 05/19/2011 - 13:43 | 1292381 LawsofPhysics
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LMFAO!  Although you may get some interesting responses to this post.

Thu, 05/19/2011 - 14:21 | 1292559 smlbizman
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i cant tell if i am looking at  sluts or the running of the bulls... 

Thu, 05/19/2011 - 16:01 | 1293006 PaddyFields
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Thu, 05/19/2011 - 13:48 | 1292382 Robslob
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Countdown to buy hands down! Gold & Silver discounted and on sale must simply ignore the price of paper when making "the" decision to survive and thrive in "their" environment.

Thu, 05/19/2011 - 13:54 | 1292417 Ahmeexnal
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You won't be able to buy physical at the theoretical "spot price". What's more, banks are actually buying physical above spot.
Physical price is around 39-40USD/ozt. Still a bargain!

Thu, 05/19/2011 - 13:56 | 1292436 Long-John-Silver
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All my local coin and bullion shops are out of silver or refuse to sell silver using current spot price. One dealer admitted to having physical Silver in his safe but is refusing to sell it at current manipulated prices. When I asked when he would start selling it again he told me when it was over $50 again. Quote: I'm not stupid :unquote.

Thu, 05/19/2011 - 15:23 | 1292846 Hacked Economy
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I recently searched eBay to find a private seller who is physically located only a few miles from my own home.  We agreed to meet in a public place, and I bought all the BUNC Maple Leafs and SAEs he had with him at the time for $38 apiece cash.  He was able to avoid the eBay fees and keep all the cash himself, and I got physical silver at a good price.  Win-win!

He wants to meet again this weekend to sell more of his stash.  I suppose I got lucky!

Thu, 05/19/2011 - 14:00 | 1292438 Robslob
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Good is full of irony.

Irony 1: RoboHo's time selected stock picks moving up on what ever chart he can selectively find but actually going down in terms of real value.

Irony 2: Precious Metals going down in paper price but up in terms of real value.

Thu, 05/19/2011 - 13:44 | 1292391 RobotTrader
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Gold is stuck under $1,500

XAU cannot get any traction.  Was looking for a "follow through day" but that thing is totally dead right now.

Ratio Traders are still gangbanging those gold stocks repeatedly.

Meanwhile, Fed-sponsored, and TPTB-supported stocks like the credit card companies are making yet another new high today.

The boys over at KWN must be at their wits end.

Thu, 05/19/2011 - 13:59 | 1292432 GOSPLAN HERO
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Buy gold while it's cheap.

Thu, 05/19/2011 - 15:22 | 1292861 Hacked Economy
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I think it's funny how RoboTrader gets junked no matter what he/she/it says nowadays.

Sucks to be you, Robo.  :)

Thu, 05/19/2011 - 15:35 | 1292906 Arius
Arius's picture

yep...its tired....lying down, going to thing you know it never wakes dead!  time to sell it Short!

Thu, 05/19/2011 - 17:46 | 1293525 akak
akak's picture

Gold is stuck under $1,500

XAU cannot get any traction.  Was looking for a "follow through day" but that thing is totally dead right now.

Ratio Traders are still gangbanging those gold stocks repeatedly.

Meanwhile, Fed-sponsored, and TPTB-supported stocks like the credit card companies are making yet another new high today.

The boys over at KWN must be at their wits end.

No, actually RoboLemming, they are NOT at their wits end at all, because unlike you, they are not autistic, and have more than a one-day mental timeframe, and can therefore foresee the likely results of the ongoing insanity in Washington and Wall Street, while you are like a child who runs in front a speeding truck while crying "Ooh, lookie, something shiny!"

Thu, 05/19/2011 - 13:45 | 1292394 catch edge ghost
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++Amen, etc.

Thu, 05/19/2011 - 13:51 | 1292406 RobotTrader
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IBD "Riverboater" Top 50 stocks doing well today.

ORCL, BIDU, ARUN, PCLN all green

Thu, 05/19/2011 - 13:48 | 1292410 luk427
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To open a Zero Hedge account this test should be used.

Thu, 05/19/2011 - 14:42 | 1292667 ACompleto
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Can you point me to a larger picture of your avatar?


much obliged

Thu, 05/19/2011 - 15:29 | 1292876 sgorem
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thank you

Thu, 05/19/2011 - 16:49 | 1293241 sasebo
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Thu, 05/19/2011 - 13:54 | 1292421 dick cheneys ghost
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Anyone read this about IMF and Gold? Would love to hear your thoughts.

Thu, 05/19/2011 - 13:56 | 1292434 Chuck Walla
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Everybody knows its hard to out slut the politicians.

Thu, 05/19/2011 - 13:58 | 1292441 honestann
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The federal reserve is laughing their asses off as their "paper silver and gold" manipulations scare americans into selling... while asians back up the truck and take every gram/ounce/ton they can get.

The gringo sheople will wake up alright... after gold and silver prices have risen another 20% to 50%.

PS:  To the credit of those gringos holding physical silver and gold, they have not been selling very much.  It was the paper PM holders who lost their nerves.  Hopefully when they re-enter the PM market they will exclusively buy physical.  That is the only way to thwart the predators-that-be.

Thu, 05/19/2011 - 14:00 | 1292443 comrade pravda
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We all can fight the propaganda.  Talk to your neighbors, friends, and random people you meet during a day.

Sometimes I talk with people who are truly brainwashed. One guy told me that he believes what the government says because the government says it.  I'm not sure if that means he believes X or not X, as the government will say both.

On happier days, I find that the people I meet are rejecting television and the rest of the so-called mainstream media and its message of fear and hate.

Thu, 05/19/2011 - 14:01 | 1292447 Atch Logan
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Thank you for this article, Mike.  But JFK was killed for his beliefs, especially those anti-Federal Reserve. I think that America is lost, and in its victory the rest of its imperial states.

I lived in and owned an apartment in Barcelona for years, and that city was the most free and "living" of any city in the world (including Paris). I miss it, but as a part of Spain I really respect what the Spanish, Egyptians, and, I guess, Greeks are trying to do by taking to the streets.  What else is left?  Pitty the Irish, who had the momentum and opportunity. Who could have made a difference and been the leaders. Shame. Kudoos to Iceland, bless their hearts.

I voted for Obama for President, but not for World King. I understand what he and "them" are doing, but his and their arrogance is beyond reproach.  If anyone disagrees with them on any grounds, they are terrorists. Period. There is no rationale, no semblance to any actions, expect what the USA wants. Where does it end??


Thu, 05/19/2011 - 14:06 | 1292487 john39
john39's picture

where does it end?....   war.

Thu, 05/19/2011 - 14:09 | 1292501 centerline
centerline's picture

That last question may not have a nice answer.

Thu, 05/19/2011 - 14:19 | 1292526 luk427
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JFK theory. Executive order 11110.

Thu, 05/19/2011 - 15:04 | 1292777 thriftymost
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I voted for Obama for President.

Thanks a lot, bozo!

Now we know who to blame.



Thu, 05/19/2011 - 16:26 | 1293135 PaddyFields
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One of the reasons I left Ireland some years back was because it was beingrun by a small bunch of self-serving cronies .... the media, banks, the government , hugely inflated civil service, the whole shooting gallery.

Any resistence to the demands of the IMF, ECB and the 'elites' was deemedto be reactionary and dangerous. Massively indepted Irish citizens were too afraid/selfish to rock the swill bucket. We as a nation got fed a diet of cheap credit, reality tv and dumbed down education rendering us easy prey to a political class as they first inflated a devastating property bubble and then 'nationalized' the associated private speculative banking debt.

Sad story, but it ain't over yet. Once the real pain kicks in and Irish people start to lose

their 'stuff'..... they'll eventually start to lose 'it'.

Ron Paul 2012

Thu, 05/19/2011 - 13:58 | 1292452 nhsadika
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These women are so dazed and confused it is a satire on the modern western world.  The women are somehow trying to act like their behavior should have no influence on anyone, that they (and thus we) are truly individuals and not part of a society which influence each other, so they are banding together in a community to stand for this cause?  Weird.


Thu, 05/19/2011 - 14:11 | 1292462 Franken_Stein
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Has it never occured to anyone of you,

why in the last years all of a sudden these social trends of:


1. Wearing tattoos

2. Piercing

3. Putting metal under your skin


somehow seemingly have emerged out of nowhere and become so popular among the youth and part of the "mainstream culture" ?


Can you not possibly see that these social trends maybe are artificially engineered and financed to gradually prepare and accustom people to the idea, that it is perfectly acceptable to needlessly have something implanted inside your body, an idea, that 20 years ago, would have been TOTALLY UNTHINKABLE to anyone ?


I'm telling you, these elite people have absolutely sinister plans and they think in decades and centuries, not years.


Thu, 05/19/2011 - 14:12 | 1292502 john39
john39's picture

it goes far deeper than most realize.  The medical industry for example is set up to drug the population into a zombie like daze, while sucking life savings out of retirees at the same time.  the world is controlled by a power cult, they use banks and currency as a means to end, power... but this is not about money.  That is why no one should be surprised when the government makes no real effort to save the economy.  collapse is the plan.

Thu, 05/19/2011 - 14:12 | 1292513 Franken_Stein
Franken_Stein's picture

Yup. You got it.

Thu, 05/19/2011 - 15:05 | 1292770 thriftymost
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Collapse is the plan.

In Judeo-Protestant, proto-fascist Amerikkka, seemingly, yes.

Other countries have other ideas.

Ha ha ha.




Thu, 05/19/2011 - 14:24 | 1292558 Dr. Acula
Dr. Acula's picture

Can you not possibly see that these social trends [tattoos/piercing/implants] maybe are artificially engineered and financed to gradually prepare and accustom people to the idea, that it is perfectly acceptable to needlessly have something implanted inside your body, an idea, that 20 years ago, would have been TOTALLY UNTHINKABLE to anyone ?

I would love to have implants in my body, specifically ones that give me super cyborg strength and supercomputing mental powers. And I would rather have a tiny electronic implant than have to carry around loose pieces of plastic like credit cards and drivers license.

There's nothing inherently evil in this. All of this would happen on its own in a free market even if there weren't a government at all.

But, like with any technology, I'm sure the government will find a way to use it for evil, e.g. theft, kidnappings, and murders. And the development of the technology will also be severely handicapped due to government meddling.


Thu, 05/19/2011 - 15:09 | 1292785 TIMMAYYY
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I hope you can afford these chips and these operations...otherwise you will be the new under-under-under-class muther clean my shoes you normal

Thu, 05/19/2011 - 17:25 | 1293395 Dr. Acula
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Computer chips are dirt cheap; it's the field of medicine that's hampered by government interventions and endless red tape. It's cheaper to buy a 22nm-technology 3+ GHz quad-core CPU than it is to get someone to look at your hangnail.

And there's nothing wrong with shining shoes. Per Ricardo's law of comparative advantage, even non-cyborgs have a place in the free market. Unless their job is destroyed by minimum wage laws.


Thu, 05/19/2011 - 16:48 | 1293253 Derpin USA
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It will absolutely be used for evil. It will be used as a means of control and complete slavery.

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