• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

As Obama Says He Will Veto Any Republican "Cut, Cap" Deficit Bill, Long Bond "Dragged To Slaughter House"

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 07/18/2011 - 12:39 | 1466768 Mongo
Mongo's picture

"and Gold of course, but unlike the iPad one can't really eat this particular tradition"

LOL

 

 

Mon, 07/18/2011 - 12:43 | 1466783 francis_sawyer
francis_sawyer's picture

solid gold I-Pads bitchez!

Mon, 07/18/2011 - 12:46 | 1466803 camaro68ss
camaro68ss's picture

Eat your Peas Bitchez!

Mon, 07/18/2011 - 12:51 | 1466823 DoChenRollingBearing
DoChenRollingBearing's picture

Every time Obama and Michelle open their yaps, things just get worse.

I like peas (and brocolli too, Mr. Bush), so I will eat what I want, even if Michelle likes her greasy food and hectoring us...

$1600 gold, bitchez!

Mon, 07/18/2011 - 13:07 | 1466897 camaro68ss
camaro68ss's picture

you mean her 1,700 cal burger and frys with her diet coke for good mesure.

 

Fat Ass

Mon, 07/18/2011 - 13:41 | 1467044 j0nx
j0nx's picture

Hectoring: nice word. Haven't heard that before. Sums up the first wookie pretty well. Let them eat cake. What's so sad about these two is that it took a black man sooo many years to reach the highest political office and this guy will ruin it for decades for any others that want to follow. Where is a David Palmer?...

Mon, 07/18/2011 - 13:55 | 1467097 trav7777
trav7777's picture

that seems to be a recurring theme with diversity...they fuck up everything they come into contact with.  Free homes, cities, states, turnkey countries...nothing is built strong enough to withstand their corrosion.

Mon, 07/18/2011 - 14:14 | 1467186 SilverRhino
SilverRhino's picture

You forgot continents. 

Amoral tribalism; not a successful species perpetuating strategy.

Mon, 07/18/2011 - 13:06 | 1466891 cat2
cat2's picture

"and Gold of course, but unlike the iPad one can't really eat this particular tradition"

Agree, that is poetry.  I also think the republicans have to pass something then let the chips fall where they may.

Mon, 07/18/2011 - 20:26 | 1468536 sun tzu
sun tzu's picture

Bitch Mcconnel would probably vote to dissolve Congress and declare 0bama Der Fuhrer

Mon, 07/18/2011 - 20:53 | 1468622 StychoKiller
StychoKiller's picture

"So, this is how democracy ends...with thunderous applause!" -- Senator Amidala

Mon, 07/18/2011 - 13:07 | 1466896 slaughterer
slaughterer's picture

"It’s all about the long bond as the 10-yr is being dragged to the slaughter house."

Initiate operation TWIST, long bond comes out as nicely-cellophaned chopped meat for the banksters to throw on the QE grill.

Mon, 07/18/2011 - 12:42 | 1466778 Atomizer
Atomizer's picture

Push the bill to his desk, let him veto. Checkmate!

 

Mon, 07/18/2011 - 12:44 | 1466790 Conrad Murray
Conrad Murray's picture

That's racist.

Mon, 07/18/2011 - 12:52 | 1466828 DoChenRollingBearing
DoChenRollingBearing's picture

Hah!

+ $1.6 trillion

Mon, 07/18/2011 - 13:00 | 1466862 Freddie
Freddie's picture

Where are all the Dem Hope & Change types posting here saying both parties are the same?  The GOP is no prize but the Dems are pure evil.

Mon, 07/18/2011 - 13:10 | 1466907 GoinFawr
GoinFawr's picture

So you voted for Ralph Nader in 2008?

Mon, 07/18/2011 - 13:22 | 1466952 takinthehighway
takinthehighway's picture

Perhaps it was Chuck Baldwin (Constitution Party)...

Mon, 07/18/2011 - 13:44 | 1467041 GoinFawr
GoinFawr's picture

Perhaps. Well Freddie?

Mon, 07/18/2011 - 14:29 | 1467272 JW n FL
JW n FL's picture

Freddie does not use Facts.. he is hooked on a feeling!

Evangelicals like Freddie have kept the lie going!

Hang ALL of the Lobby Whores!

maybe we should consider Hanging their ignorant supporters? it would not hurt America in the Long Term to be less a few million idiots!

Mon, 07/18/2011 - 13:13 | 1466918 Cognitive Dissonance
Cognitive Dissonance's picture

Dude, it's all just professional wrestling. Who's the bad guy this week and who's turn is next?

Mon, 07/18/2011 - 13:17 | 1466934 MachoMan
MachoMan's picture

Sometimes they even have royal rumbles!  Again, though, with the winner determined beforehand...

Mon, 07/18/2011 - 14:04 | 1467135 CrimsonAvenger
CrimsonAvenger's picture

The winner rotates between the two; the loser, however, consistently remains the same.

Mon, 07/18/2011 - 13:52 | 1467087 QQQBall
QQQBall's picture

No kidding; lucha libre perras!

Mon, 07/18/2011 - 13:19 | 1466939 karzai_luver
karzai_luver's picture

useless save it for the hacks................

Mon, 07/18/2011 - 14:40 | 1467323 grey7beard
grey7beard's picture

>> The GOP is no prize but the Dems are pure evil.

So you give a pass on the whole Grahm-Leach-Blailey Bill and the tax cuts for the rich and the two unnecessary wars that are squarely on the Republicans?  Any chance these three things are very foundations for our financial situation today?  I'd be more inclined to rate the Dems as bumbling criminals and the Repubs as professional sociopaths bent on the destruction of our country for the benefit of the wealthy.  But that's just me.

Mon, 07/18/2011 - 13:23 | 1466959 Freddie
Freddie's picture

+1

Seems a lot of pro-hussein c*** s****ers are still on ZH.

Mon, 07/18/2011 - 13:37 | 1467030 GoinFawr
GoinFawr's picture

And GOPsuckers too, apparently.

Mon, 07/18/2011 - 14:32 | 1467277 JW n FL
JW n FL's picture

Bro.. he is a waste of time. No amount of facts.. no amount of information has in any way awakened him to the Fact that both parties are out to get "We the People".

Dog and Pony Show is above his head, it is most likely genetic.. you can fix stupid so save yourself the grief.

 

Or use him for a punching bag? but picking on the mentally handicap is not a nice thing to do.

Mon, 07/18/2011 - 12:43 | 1466782 Fred Hayek
Fred Hayek's picture

"If you give me something I don't want, I'll veto it!  And then, um, well, I'll be forced to cut more then you were saying I should cut.  Um . . just a minute, I didn't let go of my chips yet."

Mon, 07/18/2011 - 13:11 | 1466894 foofoojin
foofoojin's picture

Timmy is the ultimate chip he has.  The president can blow this shit right open and have the new treasury guy destroy the opposing party and TPTB through "open" government.  Timmy little whisper on the fifth that he was gonna be out after the deal was classic double speak to signal that the president had a bargaining chip so the elites better shape up or they don't get to pick the new guy.

In essence if things don't go as Mr. Presidents want then the next 18 months will be framed with the treasury department sending out wave after wave of propaganda as the new guy discovers terrible financial atrocities.

Mon, 07/18/2011 - 13:24 | 1466958 i-dog
i-dog's picture

"the president can blow this shit right open and have the new treasury guy destroy the opposing party and TPTB "

You don't seem to be paying attention! This is WWE...it's not "real"!!

The "opposing party" is controlled opposition and part of the charade...both parties are fully paid for by TPTB; Obomber is TPTB's Manchurian Candidate and is working to a script; the budget "negotiations" are a shadow boxing show for the masses and designed solely to achieve handing budgetary power from the "intractable" Congress to the "decisive" POTUS. Then, game over.

Mon, 07/18/2011 - 13:53 | 1467088 foofoojin
foofoojin's picture

I want you to know I didn't junk you.

You are correct that both sides are bought. But this is the Presidents chip that he will bring to the table. reverse the idea. what if the new guy is decided together as part of the "deal" this lets both parties appear to be working together-also know as both sides claiming victory.

Mon, 07/18/2011 - 14:37 | 1467303 JW n FL
JW n FL's picture

What EVER! the Republicans are offering SUCKS!! for "We the People"!!

What EVER! the Democrats are offering SUCKS!! for "WE the People"!!

 

They ALL need to be HUNG! for Treason! "We the People" need REAL! PEOPLE!! to stand up and lead this Country!

 

No matter what they (BOTH PARTIES) come up with, it will HURT NOT HELP AMERICA!

 

"We the People" are being robbed Blind! Raped!! and You Fuckers are discussing which Party has the littlest dick? so it will hurt the least!

 

If you like dick in your ass thats your business! but dont try to talk everyone else into enjoying it with YOU!!

 

NO! MEANS!! NO!!!

RAPE IS BAD!! there is no good Rape of the American People!!

Mon, 07/18/2011 - 15:31 | 1467617 foofoojin
foofoojin's picture

obligatory "rape can be funny" by the late great George Carlin

nsfw

http://ryking.tumblr.com/post/3276486949  (( youtube removed their copy))

Mon, 07/18/2011 - 15:59 | 1467741 TheGameIsRigged
TheGameIsRigged's picture

You said it man.  We need to raise up and fight the machine.

Mon, 07/18/2011 - 12:43 | 1466786 baby_BLYTHE
baby_BLYTHE's picture

I guess this means we will never have a balanced budget amendment.

No way this country can repay its debt.

Looks like we are pretty much guaranteed an run-away inflationary depression

Mon, 07/18/2011 - 12:51 | 1466825 jtmo3
jtmo3's picture

Don't need a balanced budget amendment. Just don't raise the ceiling. Done.

Mon, 07/18/2011 - 13:15 | 1466930 sbenard
sbenard's picture

I like it! I like it! Bam!

Priorities forced overnight!

Best one-word one-liner:

"DONE!"

Mon, 07/18/2011 - 12:54 | 1466842 victor82
victor82's picture

Thunderdome, bitchez!

I do like the whole Mad Max thing. Mel Gibson's Finest Hour.

Mon, 07/18/2011 - 13:10 | 1466906 Mad Max
Mad Max's picture

If we used Thunderdome here - a great idea I might add - would it be Barack carried on Michelle's back, or Michelle carried on Barack's back?

Mon, 07/18/2011 - 13:20 | 1466943 DoChenRollingBearing
DoChenRollingBearing's picture

Hmm, kind of an ugly image there.

Best not to over think that.

Mon, 07/18/2011 - 13:46 | 1467065 goldsaver
goldsaver's picture

I dont think President Urkell could carry MaBell for long.

Mon, 07/18/2011 - 13:48 | 1467068 j0nx
j0nx's picture

I'd sure as shit hate to carry her around on my back. She's an easy deuce+. Her thighs and ass alone weigh 100 pounds.

Mon, 07/18/2011 - 12:54 | 1466843 WonderDawg
WonderDawg's picture

"Looks like we are pretty much guaranteed an run-away inflationary depression"

I would take the opposite stance and say we're well into the initial stages deflationary depression, but we all have our opinions. The danger comes in being so certain of any particular outcome that you fail to remain objective. I believe deflation is inevitable, prior to hyperinflation, and I've positioned myself accordingly, but I've learned a lot in the last few years, and the one thing I know for certain is that I can't be certain of anything under current conditions, and neither can anyone else.

Mon, 07/18/2011 - 13:11 | 1466908 francis_sawyer
francis_sawyer's picture

Much of it probably hangs on if, whether, & when they decide to actually PRINT dollars to match the debt that has been conjured into existence...

& that will depend on whether the CB's are granted enough time to siphon off & warehouse enough hard goods (the 'productivity' of labor) to make the REBOOT have to go thru them again... Until then, it's just a game of keeping the monthly nut going long enough to be able to print the debt to steal the loot...

When they decide they have enough in the bag... They'll print the bejezzus out of notes an han them over to J6P & co... Whereby they can be redeemed for exactly SQUAT...

 

Mon, 07/18/2011 - 14:15 | 1467199 GiantWang
GiantWang's picture

I am trying really hard to understand this position, as a few very smart people have suggested to me that we're going to face a deflationary depression.  How is that possible?  The price of everything (other than real estate) seems to be rising.  Higher end car manufacturers, for example, just raised prices across the board.  I'm just trying to understand the argument that we're facing such a depression.

Tue, 07/19/2011 - 02:26 | 1469324 FlyPaper
FlyPaper's picture

Answer to GiantWang's query - IMHO: 

The global economy was operating for an extended period fueled by debt.  Raised GDP; created economic activity - all is well.   But when you remove the long-term debt-produced stimulus (govt and private debt) the economy falters.   Its my opinion that this debt-driven economy covered up the loss of US manufacturing - and created a period with a false economy.   We are now seeing the results, and it isn't pretty.

The debt is creating an economic drag, and because people don't have as much credit or money, they can't spend it on houses and the like; hence the value of those assets goes down.  Interest rate increases (inevitable) will continue to reduce affordability for housing - but right now we're de-leveraging.   Houses will come back down until they are affordable.

The inflationary forces can come from shortages.  We see that in commodities, but not in labor.  Not a lot of raises - too many people for too few jobs.  Inflation can also be abetted by it's cousin "Currency debasement" meaning your dollars buy fewer goods/services; and/or cost more.   We are missing "velocity" right now - a key component of inflation.

If the govt continues to spend and 'monetize' the debt they dilute the dollar.  This can result increase prices for imported goods.  If they do this for too long and the prices start heading up, people start to notice; and start buying goods "now" because it'll cost more tomorrow.  That creates the velocity (money changes hands faster and starts to chase hard goods/assets).

If you look at the Latin countries in the 1980s (Argentina, Brazil, Mexico) - all had borrowed money, but the credit dried up.  In order to not 'default' the started printing money to 'pay off' their obligations.  This created incredible inflation.  Brazil kept issuing new currencies with zeros...  In Argentina their currency was devalued - losing about 75% of its value in 2-3 days.  The result: kicked the economic rug out from under the people; created incredible poverty; and simultaneously they had a worthless hyper-inflating currency.  

Depending on your definitions, this is a circumstance where both deflation can occur while having your fiat currency evaporate before your eyes (inflationary in terms of fiat).

The US is heading straight down the same path.

As people become more and more concerned, they look to exchange their fiat currency for other assets.  Stocks, gold/silver, other people's fiat (Swiss franc on a tear), artwork.  Common folks will buy anything they think they can barter with.

This scenario was described by Marx.  If you are a marxist, you destroy the rule of law, and the middle-class (typically small business or professionals politically resist as the rich can simply dance around the problem).  You wipe out middle-class wealth via fiat destruction; more people become dependent on govt; 'emergency' powers are vested in the executive, who suspends civil rights, information flow, etc.  Need look no further than Hugo Chavez or the President of Argentina; or the Bolsheviks; or FDR for that matter (not kidding).  You can look at this and draw your own conclusion about the current US administration. 

So plan for asset depreciation, commodity price acceleration; higher interest rates; declining dollar value; and with uncertainty, increasing gold/silver prices.

Also plan to have long-term stored food.  You can't eat silver.

 

 

Mon, 07/18/2011 - 13:57 | 1467105 baby_BLYTHE
baby_BLYTHE's picture

ya, that post made me look dumb.

Mon, 07/18/2011 - 14:03 | 1467131 trav7777
trav7777's picture

why should we repay bankers money they conjured from thin air plus interest?

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