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Obama Speaks On Debt... Again

Tyler Durden's picture


It must be one of those days when America needs some more scaremongering. Sure enough...


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Fri, 07/15/2011 - 11:01 | 1459340 lolmao500
lolmao500's picture

So many lies.

Fri, 07/15/2011 - 11:07 | 1459369 Financial Newbie
Financial Newbie's picture

So little change...



Fri, 07/15/2011 - 11:11 | 1459390 GetZeeGold
GetZeeGold's picture


It's all talk comrades.

When do I get to use the jet?

 Grow your own peas Karl.....these are mine.


Fri, 07/15/2011 - 11:22 | 1459428 nope-1004
nope-1004's picture

Change we'll all bereave in.

White House press conference only occur for:

1)  Invasion of another country.

2)  Need more debt to pay debt.

Gotta love those nice government men, looking out for our best interests.


Fri, 07/15/2011 - 11:40 | 1459610 Ethics Gradient
Ethics Gradient's picture

All nice government men around the world seem to be wearing a constant visage of fear at the moment.

Fri, 07/15/2011 - 12:29 | 1459900 Ahmeexnal
Fri, 07/15/2011 - 12:39 | 1459948 duffelpud
duffelpud's picture

Great interviews with such thoughtful, intuitive individuals.

Fri, 07/15/2011 - 13:26 | 1460104 hedgeless_horseman
hedgeless_horseman's picture


"All the people that were here first really ended up at the end 'cause they couldn't run fast enough."

TV parsing algos push NKE down $0.78 on the news.

Fri, 07/15/2011 - 11:50 | 1459691 Mactheknife
Mactheknife's picture

This man doesn't want to be the leader of the free world who inspires individuals to go out and do great things.  He wants to be and is the leader of a gang who wants to control every aspect of American life and the American economy just like any good street gang. He does this under the guise that "we are the government and we are here to help". The other party or "gang" is willing to give every job in this country away and give everything else to the military industrial complex in order to obtain funding to get re-elected. Both "gangs" bow to the will of the banks who own the Federal Reserve.

" The government that is big enough to give you everything you want is strong enough to take everything you have." 

Fri, 07/15/2011 - 12:43 | 1459960 TaxSlave
TaxSlave's picture

Translation of Obamaspeak:

"We own you.  We own everything you earn.  We own your employer.  We own the world.  We are done incurring debt on your ass because we own your offspring for at least the next seven generations to pay it off.  At this point the only reason for increasing the debt beyond the impossible to pay point is to get even more people dependent on it.  Now accept your responsibility to pay it off, shut up and hold still, this is gonna hurt.  When the dollar crashes you will cry and beg for us to do something.  We will.  We will rule over you with a gun and a whip, to make sure this debt is serviced no matter what."

Fri, 07/15/2011 - 13:40 | 1460173 Conax
Conax's picture

Well put.

Remember, slavery isn't bad as long as you are the one holding the whip.

The mack-daddy thinks he will.

Fri, 07/15/2011 - 12:59 | 1460024 TaxSlave
TaxSlave's picture

Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.


Fri, 07/15/2011 - 11:10 | 1459394 malikai
malikai's picture

Why is it that practically every time one of these plutocrats speaks into the camera, oil, silver, and gold soar? This must be that "confidence" thing they're always talking about.

Fri, 07/15/2011 - 11:15 | 1459429 tiger7905
tiger7905's picture

Jim Sinclair see's $1764 as a milestone gold price where confidence is lost and says significant resistance will exist here.

Fri, 07/15/2011 - 11:33 | 1459558 foofoojin
foofoojin's picture

I'm thinking $1776, it's got a nice ring too it.

Fri, 07/15/2011 - 11:44 | 1459644 Long-John-Silver
Long-John-Silver's picture

$1781 is when the revolution starts.

Fri, 07/15/2011 - 12:15 | 1459835 cossack55
cossack55's picture

I'm thinking $1789.

Fri, 07/15/2011 - 18:42 | 1461122 Diogenes
Diogenes's picture

I discovered gold at $1492.


Fri, 07/15/2011 - 12:23 | 1459837 DavidC
DavidC's picture

Nice one LJS! Made me smile!


Fri, 07/15/2011 - 11:22 | 1459481 SoNH80
SoNH80's picture

It's because, somewhere in Hong Kong, in a tasteful penthouse on a hilltop, a small man wearing a bowtie watches them on TV and exclaims, in Cantonese, WTF????- and calls his PM broker again.....

Fri, 07/15/2011 - 11:25 | 1459511 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

Fuck me silly! So many missed opportunities! Don't need to buy physical for these occasions; just but some down on margin then cash out later that evening and have a bottle of good red wine..

Please, can we start alerts on ZH: bernak, speaks tomorrow - long silver and gold!

Fri, 07/15/2011 - 11:41 | 1459613 HungrySeagull
HungrySeagull's picture

I don't dare buy on margin.

I don't care for Obama's TV appearences. I used to when Osama was killed and right done properly.

I don't play on the Internet for any other reason than to mine it for actionable news.

I do like what I have done so far with PM's Profit territory is sweet.

Fri, 07/15/2011 - 12:06 | 1459787 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

Me neither up until now...

I'd say if the PMs do get a good knock down in August, then would be the time to buy on margin (also stack physical as well)

Fri, 07/15/2011 - 12:49 | 1459984 taxpayer102
taxpayer102's picture

Posted on 14 July 2011 :

Dagong Global Credit Rating Co., Ltd. (hereinafter referred to as “Dagong”) initially assigned the United States sovereign credit a rating of AA in July 2010. On November 3, 2010, the U.S. Federal Reserve announced the QE2 monetary policy, which aimed at stimulating the U.S. economy through issuing an excessive amount of U.S. dollars. Dagong saw this action as a sign of the collapse of the U.S. government’s ability to repay its debt and the drastic decline of its intention to repay, and therefore downgraded the U.S.’ credit rating to A+/negative on November 9, 2010. This surveillance research confirmed the opinion that the U.S. government’s actual ability to repay its debt would tend to continuously decline, as Dagong stated in the last rating report. Therefore, Dagong puts both local and foreign currency sovereign credit rating of the United States on the Negative Watch List for the following reasons:
1. The U.S. ideas and policies on state-management and economy, which violate the development patterns of credit economic society, will result in a long-term recession of its economy. The national policy of expanding the social credit demand to satisfy the capital expansion and consumption demand that the U.S. government has adopted for a long time as well as the mismatched development of the financial industry makes them the origin of the bubble economy and credit crisis; the industrial hallowing-out deprives the country of the wealth creation capability that supports its huge amount of debts; the global strategy becomes the driving force for increasingly additional debts; under its long-standing deficit policy, the federal government keeps increasing its debt ceiling; that it is difficult for the U.S. to repay its gigantic debts via self-created wealth causes the U.S. to resort to abnormal means to export debts. Though the Obama administration has realized the fore-said problems and begun to reform the economic growth model and cut the government deficit, yet the current political regime, long-standing economic features and the fact of insufficient financial resources will make it difficult for the reform to be effective in the short to medium term. The continuous economic recession in the U.S. triggered by the government’s insufficient economic management capability has shaken the economic basis of its national solvency...

Fri, 07/15/2011 - 11:22 | 1459487 Calculated_Risk
Calculated_Risk's picture

Because they are natures polygraph test..

Fri, 07/15/2011 - 11:26 | 1459514 Cognitive Dissonance
Cognitive Dissonance's picture

Mr. T says "Quit the Jibber Jabber fool. Just watch the price of Gold."

Fri, 07/15/2011 - 11:28 | 1459529 caerus
caerus's picture

"I pity the fool who don't buy gold! Uuuuuggghhh!"

Fri, 07/15/2011 - 11:34 | 1459560 Cognitive Dissonance
Cognitive Dissonance's picture

Gold, the only lie detector that actually works. And the great thing is we don't need to hook it up to the liar for it to work.

Gold, it's what's for real.

Fri, 07/15/2011 - 11:57 | 1459730 Problem Is
Problem Is's picture

CD: You really miss reruns of the A-Team... don't you?

Fri, 07/15/2011 - 12:10 | 1459806 Cognitive Dissonance
Cognitive Dissonance's picture fool.

Though the standard definition episodes are hard on these old eyes. But there's something about the no nonsense Mr. T that just brings the Gold fool out in me. :)

Fri, 07/15/2011 - 12:10 | 1459810 Shell Game
Shell Game's picture

"Gold, the only lie detector that works."

I like that.  Trouble is it's only allowed to hint at the truth, a gun has been at its family's head for years..

Fri, 07/15/2011 - 11:42 | 1459624 HungrySeagull
HungrySeagull's picture

Mr T. The Gold Choked English Language street-jive butchering strongman of a TV show that was created to amuse the masses suffering withdrawl symptoms from watching Bronson.

Fri, 07/15/2011 - 11:32 | 1459556 pods
pods's picture

Mr. O says "Eat your peas, bitchez!"


Fri, 07/15/2011 - 11:42 | 1459622 janus
janus's picture

flex, bitchez!

nice, CD

Fri, 07/15/2011 - 11:18 | 1459447 augie
augie's picture

I'm proud to be Maladjusted...and i never inted to adjust myself to economic conditions that will take necessities from the many to give luxuries to the few"

context maybe different, but the truth remains the same. The state is the enemy. 

Fri, 07/15/2011 - 11:18 | 1459452 mt paul
mt paul's picture

so little integrity ..

Fri, 07/15/2011 - 11:32 | 1459555 Libertarian777
Libertarian777's picture

Well he spoke the truth for about 2min.
We had 2 wars that weren't paid for (he leaves out Libya, which he started, which also isn't paid for), Medicare prescription drug benefit, stimulus (which contrary to his view was NOT required). He then goes on to say we must tax more to pay for this spending.

At no time has he said we should stop the spending.
He also left out the bank bailouts. Not mentioning that you taxpayers must pay for those GS, MS, JPM and AIG bonuses.

Keep the change Owebama. I use to think Bush was bad, Owebama makes Bush look fiscally prudent.

The debt talks are down to $1.4trillion in cuts. Even if we cut that much this year we'd STILL have a $200bn deficit. Yet they arguing about cuts over 10 years.

Fri, 07/15/2011 - 12:02 | 1459760 PY-129-20
PY-129-20's picture

Since 1978 the debt ceiling was raised 51 times. Under Bush jr. it was raised 10 times.

Fri, 07/15/2011 - 12:14 | 1459830 Shell Game
Shell Game's picture

The evidence of our singular paradigm disguised as two parties is pretty hard to ignore. Yet is continually by the herd. fubar.

Fri, 07/15/2011 - 13:57 | 1460228 TexasAggie
TexasAggie's picture

According to the Congressional Research Service (4/29/2008). As of that date, the debt ceiling had been raised 5 times under Pres Bush (2002, 2003, 2005, 2006, and 2007). It was probably raised in 2008, but on 1/20/2009, your lover boy took over and has been exceeding Pres Bush in accumulating more debt in 2.5 ys that Pres Bush did in 8 (including a recession from clinton) the 9/11 attack.

So do more research next time.

Fri, 07/15/2011 - 11:42 | 1459621 thunderchief
thunderchief's picture

What do all you morons want in the White House?  Harry Potter?  It's all your fault.  He's just there to tell you how bad you, your friends, family and ancesters have F*&cked the whole thing up.  Get a life and live with it losers.

Fri, 07/15/2011 - 11:44 | 1459640 HungrySeagull
HungrySeagull's picture

Fuck off thunderchief, it is OUR White House and WE get to have a say who does what, when and how in America's House. I should junk you too but rather hold off.

Fri, 07/15/2011 - 13:30 | 1460135 fallout11
fallout11's picture

You have to admit, where we are today is a product of a long road and a lot of bad decisions. It certainly did not happen overnight.

Fri, 07/15/2011 - 14:59 | 1460444 cosmictrainwreck
cosmictrainwreck's picture

"lies, damned lies and statistics" year after year after year, yes

Fri, 07/15/2011 - 11:49 | 1459678 JW n FL
JW n FL's picture


A Lobby Whore is a Lobby Whore is a Lobby Whore!


Death of America Movie


Fri, 07/15/2011 - 16:02 | 1460702 RingToneDeaf
RingToneDeaf's picture

The Grifter extraordinaire,  da great telepromptor reader telling lies?

Sirly you Jest.

He is worse, much worse. Vote Obammy 2012, get the Party started.


Fri, 07/15/2011 - 11:02 | 1459345 snowball777
snowball777's picture

Oil companies, corporate jet owners....

What about GE, Barry?

What about GS, Barry?

What about GM, Barry?

Fri, 07/15/2011 - 11:04 | 1459357 TheTmfreak
TheTmfreak's picture

Those are working class americans..... Wait.. working class...... uhm.. chinese?

Fri, 07/15/2011 - 11:45 | 1459652 HungrySeagull
HungrySeagull's picture

The Chinese Resturant has always been a combination of Intake, stepping stone and training center for life in the USA for anyone coming out of China's Village via San Fran. They have been doing it since the railroads were built.

Fri, 07/15/2011 - 11:22 | 1459485 Dolar in a vortex
Dolar in a vortex's picture

Wouldn't you think a reporter would have the guts to ask that?

Fri, 07/15/2011 - 11:34 | 1459567 V in PA
V in PA's picture

When they are being hired on looks and speech alone, what's on the inside doesn't even have to exist.

Fri, 07/15/2011 - 11:39 | 1459601 TheTmfreak
TheTmfreak's picture

It is nonsense. You had the press secretary out there getting hammered and beat down, then you get soft ball bullshit questions to the president. Its so moronic, you pretty much have to come to your conclusion.


Not a single one question him on this 80% of the American public believes in a "balanced" approach, when something like 50% or more said to NOT increase the debt ceiling. That makes no sense.

Fri, 07/15/2011 - 14:10 | 1460194 GoinFawr
GoinFawr's picture

 @V in PA :

 You got it.

Kia Nagata on "Why I quit my job" at CTV.


"TV news is a curious medium. You don't always know whose interests are being served -- or ignored. Although bounded by certain federal regulations, most of what you see in a newscast is actually defined by an internal code -- an editorial tradition handed down from one generation to the next -- but the key is, it's self-enforced. Various industry associations hear complaints and can issue recommendations, or reward exemplary work with prizes. There are also watchdogs with varying degrees of clout. But these entities have no enforcement capacity. Underneath this lies the fact that information is a commodity, and private TV networks are supposed to make money. All stations, publicly funded or not, want to maintain or expand their viewership. This is what I'll call the elephant in the room.

Consider Fox News. What the Murdoch model demonstrated was that facts and truth could be replaced by ideology, with viewership and revenue going up. Simply put, you can tell less truth and make more money. When you have to balance the interests of your shareholders against the interests of the viewers you supposedly serve, the firewall between the boardroom and the newsroom becomes a very important bulwark indeed. CTV, in my experience, maintains high standards in factual accuracy. Its editorial staff is composed of fair-minded critical thinkers. But there is an underlying tension between "what the people want to see" and "the important stories we should be bringing to people." I remember as the latest takeover was all but finalized, Bellmedia executives came to talk about "growing eyeballs" in the "specialty channels." What they meant was, sports are profitable -- so as long they keep raking in cash, we can keep funding under-performing assets like our news division. (The same dynamic exists at the CBC, by the way.)

Certainly it would be a poor move, optics-wise, to make cuts in local news. For some reason job losses and factory closures in the media sector tend to generate a lot of coverage. But at every network, the bean counters are looking at a shrinking, aging audience (fixed incomes are harder to sell to advertisers) and there is intense pressure to keep the numbers up.

Human beings don't always like good nourishment. We seem to love white sugar, and unless we understand why we feel nauseated and disoriented after binging on sweets, we'll just keep going. People like low-nutrition TV, too. And that shapes the internal, self-regulated editorial culture of news.

Take newsroom aesthetics as an example. I admit felt a profound discomfort working in an industry that so casually sexualizes its workforce. Every hiring decision is scrutinized using a skewed, unspoken ratio of talent to attractiveness, where attractiveness often compensates for a glaring lack of other qualifications. The insecurity, self doubt, and body-image issues endured by otherwise confident, intelligent journalists would break your heart. And clearly there's a double standard, a split along gender lines. But in an environment where a lot of top executives are women, what I'm talking about applies to men as well. The idea has taken root that if the people reporting the news look like your family and neighbours, instead of Barbie and Ken, the station will lose viewers.

The problem with the CBC:

Aside from feeling sexually attracted to the people on screen, the target viewer, according to consultants, is also supposed to like easy stories that reinforce beliefs they already hold. This is where the public broadcaster is caught in a tough spot. CBC Television, post-Stursberg, is failing in two ways. Despite modest gains in certain markets, (and bigger gains for reality shows like Dragon's Den and Battle of the Blades) it's still largely failing to broadcast to the public. More damnably, the resulting strategy is now to compete with for-profit networks for the lowest hanging fruit. In this race to the bottom, the less time and money the CBC devotes to enterprise journalism, the less motivation there is for the private networks to maintain credibility by funding their own investigative teams. Even then, "consumer protection" content has largely replaced political accountability.

It's a vicious cycle, and it creates things like the *Kate and Will show. Wall-to-wall, breaking-news coverage of a stage-managed, spoon-fed celebrity visit, justified by the couple's symbolic relationship to a former colony, codified in a document most Canadians have never read (and one province has never signed). On a weekend where there was real news happening in Bangkok, Misrata, Athens, Washington, and around the world, what we saw instead was a breathless gaggle of normally credible journalists, gushing in live hit after live hit about how the prince is young and his wife is pretty. And the public broadcaster led the charge."


*Recent 'Royal' visit to Canada drowned out with 'laudatory-only' coverage practically all other stories and repeatedly time-trumped important national and international news on all Canuckian channels, even (especially?) the publicly owned CBC. Sad.

Fri, 07/15/2011 - 11:28 | 1459527 DosZap
DosZap's picture

Speaking of GE and Immelt,did you know that GE paid ZERO corporate taxes last year?.


General Frigging Electric.

Is that INSANITY? Immelt got GE a a HUGE multi Billion dollar cut out of one of the QE packages?.


Fri, 07/15/2011 - 11:36 | 1459579 optimator
optimator's picture

Why did Immelt leave his directorship of the N.Y. Federal Reserve Bank?  Too busy 'advising' the Pres, or even running GE?

Fri, 07/15/2011 - 11:49 | 1459659 DosZap
DosZap's picture

Because he is in Owhammy's inner cabal,(read: Suck buddy) and got GE saved by the bailout,(that was not needed)and is now sitting VERY rich and pretty,and is a member deluxe for GE's contributions to getting the Kenyan Ridgerunner elected.

With over a billion dollars already in owhammys re-election chest, and every conservative ON the planet running......he will be a shoe in, if most do not drop out.

Bachmann is getting crucified, Palin is also(never ending story), Ron Paul has zero chance, as does Palin......why even waste the time or money?.

The Mormon is wasting his time and money,Bachmann is the Dark Horse for the GOP.

Watch her...............


Fri, 07/15/2011 - 11:43 | 1459638 Thisson
Thisson's picture

No, it's a good thing that companies don't pay taxes.  The bad part is that right now, the playing field is uneven: large companies avoid taxes and disadvantaged small companies have to pay them.

Fri, 07/15/2011 - 11:55 | 1459707 DosZap
DosZap's picture


large companies avoid taxes

They should be taxed at MAX rates, Why?,because their jobs are not in the US, their overseas.

They do not help America at all.

Small business, and in country comanies should get the breaks..................

The Intl concerns are screwing us to death.

When was the last time you called for tech support on 90% of all major Corporations products?.......and spoke with an American?.

I rest my case.

Fri, 07/15/2011 - 11:52 | 1459698 Bob
Bob's picture

GE not paying any taxes whatsoever is one thing, but the reality that is left out in that statistic is that GE received a $1.1B tax "benefit" . . . we paid them $1.1B for not paying any taxes.

Welfare couldn't be more obvious, could it?

Fri, 07/15/2011 - 11:58 | 1459735 DosZap
DosZap's picture

For overseas jobs.................yeah, makes sense huh?

Fri, 07/15/2011 - 12:26 | 1459882 Urban Redneck
Urban Redneck's picture

That's why Congress needs several thousand pages of loopholes to get any laws passed.

There is a simple solution:

At the beginning of each biennial Congress, the Rules Committee in each house meets and passes the rules for that biennial session, which are adopted by simple majority.  If the Rules Committee writes a rule that to the effect that "No bill shall be brought to the floor for a vote whose number of printed letter sized pages exceeds point size of the typeface used for the text of the bill."

The practical impact being that if they use a 10-point font they have only 10-pages to work with, or 12 pages if they use a 12-point font.  Then Congress wouldn't be able to include the loopholes and would be forced to submit them as stand alone legislation.  Even the omnibus spending bills that comprise the federal budget could be reduced to 10 pages each, if Congress so chooses. 

Fri, 07/15/2011 - 11:02 | 1459346 ads56
ads56's picture

The old people must share the burden says the Messiah.. Damn those rich people we need to take grandma's money!

Fri, 07/15/2011 - 11:05 | 1459361 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

I already did - hey, don't look under the matress grandma!

Fri, 07/15/2011 - 11:12 | 1459404 sabra1
sabra1's picture

who wants to do an 85 year old gigalo?

Fri, 07/15/2011 - 11:46 | 1459655 HungrySeagull
HungrySeagull's picture

Some things are best left in the bedroom to protect society from a crime against the innocent eyes.

Fri, 07/15/2011 - 11:02 | 1459347 Coldfire
Coldfire's picture


Fri, 07/15/2011 - 11:13 | 1459415 Al Gorerhythm
Al Gorerhythm's picture


Fri, 07/15/2011 - 11:03 | 1459350 caerus
caerus's picture

corporate jet owners! eat your peas!

Fri, 07/15/2011 - 11:04 | 1459356 karzai_luver
karzai_luver's picture

onions bitchezz.....tears of the chillins........



Fri, 07/15/2011 - 11:07 | 1459378 snowball777
snowball777's picture

Eat your corporate jet owners.

Fri, 07/15/2011 - 11:39 | 1459587 augie
augie's picture

blessed is the lion which the man eats, and the lion will become man; and cursed is the man whom the lion eats, and the lion will become man.

Never would have understood that passage if it weren't for you and motorhead. Thanks again snowball.

Fri, 07/15/2011 - 11:47 | 1459662 HungrySeagull
HungrySeagull's picture

And that is the attitude of the one who flys the Heavy 747.


I would love to stick the man in a Embraier (Spelling) and show him what flying really is.

Fri, 07/15/2011 - 11:03 | 1459352 equity_momo
equity_momo's picture

Tyler , that photo of hopeyMcchange grinning is a real buzz kill. Could you use a picture of him playing golf or something.

Fri, 07/15/2011 - 11:14 | 1459422 walküre
walküre's picture

Love that picture. Speaks volumes.

Fri, 07/15/2011 - 11:37 | 1459595 pods
pods's picture

Maybe bonzai could combine that pic with the deer in the headlights one?

Now that would be funny.


Fri, 07/15/2011 - 11:23 | 1459492 DeadFinks
DeadFinks's picture

It's the model for the Ubangi Death Mask.  Pure evil.

Fri, 07/15/2011 - 11:04 | 1459355 euphoria
euphoria's picture

Tyler: you should do a comparison of how much gold and silver increase when either Benanke or Obama Speak. Would be interesting no?


Fri, 07/15/2011 - 11:11 | 1459401 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

No one can beat the benanke there...

Fri, 07/15/2011 - 11:04 | 1459358 Xibalba
Xibalba's picture

higher taxes, bitches

Fri, 07/15/2011 - 11:04 | 1459359 caerus
caerus's picture

it's hard to do a " big package" lol

Fri, 07/15/2011 - 11:14 | 1459419 Eric Cartman
Eric Cartman's picture

that's what she said.

Fri, 07/15/2011 - 11:19 | 1459460 caerus
caerus's picture

you got it buddy glad to see I'm not the only one with the sense of humor of a 5 th grader

Fri, 07/15/2011 - 11:06 | 1459364 lolmao500
lolmao500's picture

Still not enough taxes. 136 billion deficit in august + 467.4 billion in bonds maturing... taxes won't cut it.

Fri, 07/15/2011 - 11:06 | 1459365 Bastiat
Bastiat's picture

He got silver through $39 !  Yes we can!

Fri, 07/15/2011 - 11:08 | 1459383 bania
bania's picture

LOL, "parabolas we can believe in"

Fri, 07/15/2011 - 11:31 | 1459550 Calculated_Risk
Fri, 07/15/2011 - 11:48 | 1459668 HungrySeagull
HungrySeagull's picture

Yes we did!


I hope for 40 dollars oz and change.

Fri, 07/15/2011 - 12:47 | 1459977 Doyle Hargraves
Doyle Hargraves's picture

$40 oz and change and a 40 oz to freedom!

Fri, 07/15/2011 - 11:11 | 1459397 fuu
fuu's picture

$0.17/oz to pass C.

$0.86/oz to pass JPM.


Fri, 07/15/2011 - 11:22 | 1459482 I Am The Unknow...
I Am The Unknown Comic's picture

standing by to load up on physical silver as soon as it crosses the JPM share price.  Watchin' waitin' anticipatin'

Keep talking Obama-rama-lama-ding-dong, please.

Fri, 07/15/2011 - 11:49 | 1459676 HungrySeagull
HungrySeagull's picture

You waited too long.

Should have either loaded at 7.00 30 years ago or at 33.40 last week.


Me thinks you are a day trader thinking about a trigger point on some chart.

Fri, 07/15/2011 - 12:45 | 1459968 I Am The Unknow...
I Am The Unknown Comic's picture

Yes, yes and yes I also get physical.  I will shift my exposure accordingly, and the point where physical silver surpasses the JPM stock price is another significant entry point for me where I will reallocate resources because I believe a significant upward move would result.   

30 years ago I didn't have a dime to my name. The carnage post 1970's was a real bitch.  The carter years were a terrible time for student loans, car loans, mortgages, etc.   

Anyways, I do resemble your remarks, sir!    Today I'm focused on Aug 20 SLV calls and puts.  Good luck to all of us.  I think we want the same thing: gold and silver prices up to where they belong.

Fri, 07/15/2011 - 13:33 | 1460138 HungrySeagull
HungrySeagull's picture

Hm, I think we understand each other quite well!

Good luck, good fortune in whatever you endeavor to do, this is the year to get it done.

I will allow that I thought Carter almost killed off the Patriot systems, hung the B1 out to dry and a number of very harmful things. Imagine that today these systems are fighting for our freedom quite well while Obama displaces Carter as the worst ever. I thought some of our other dead presidents had thier issues, however I'm not in a position to do much of anything other than to watch and marvel at the... excesses coming out of the current administration.

Fri, 07/15/2011 - 11:23 | 1459488 Dr. Richard Head
Dr. Richard Head's picture

Silver beatdown in $.86? 

Fri, 07/15/2011 - 11:33 | 1459562 fuu
fuu's picture

I think parity is a good signal to watch for it.

Fri, 07/15/2011 - 11:07 | 1459368 I am Jobe
I am Jobe's picture

Fuck this shit. Its Frdiay and the guy is still lying over and over. Who fucking cares about the BOZOS in DC.

Fri, 07/15/2011 - 11:06 | 1459370 Josh Randall
Josh Randall's picture

What a Clown - burried at sea, fake adobe pdf's - anyone who believes this guy thinks wrestling is real 

Fri, 07/15/2011 - 11:20 | 1459464 Agent P
Agent P's picture

You just put a funny thought in my head about combining the two...

Obama's speaking at the lectern about the debt ceiling when all of a sudden Boehner sneaks up behind him and smacks him with a folding chair...even better if he's wearing a Lucha Libre mask!  

Fri, 07/15/2011 - 12:18 | 1459850 Calculated_Risk
Calculated_Risk's picture

Here ya go...

teleprompter and everything!


Fri, 07/15/2011 - 12:20 | 1459857 Calculated_Risk
Calculated_Risk's picture

Here ya go...

teleprompter and everything!


Fri, 07/15/2011 - 11:09 | 1459386 Oh regional Indian
Oh regional Indian's picture

Whew! This guy is such a pied piper. All the NLP moves, smooth diction.

No wonder he was picked for this time.

Words tumbling together in syncopated harmony of meaninglessness.


Fri, 07/15/2011 - 11:09 | 1459387 sbenard
sbenard's picture

The Deceiver in Chief speaks again?

Teleprompter Tyrant in overdrive lately!

Fri, 07/15/2011 - 11:10 | 1459391 I am Jobe
I am Jobe's picture

Executive Order # 13575: The theft of rural and agricultural lands for UN Agenda 21

Fri, 07/15/2011 - 11:18 | 1459456 Conrad Murray
Conrad Murray's picture

Global communism. Barack Hussein Obama, mmm mmm mmm

Fri, 07/15/2011 - 12:03 | 1459763 DosZap
DosZap's picture

The only US Agencies NOT included in this was the DOE.

Fri, 07/15/2011 - 11:12 | 1459403 NOPOMO
NOPOMO's picture

This is all only intended to hold up markets during OPEX.  Buy puts for Aug & Sept on the WH Bull.

Fri, 07/15/2011 - 11:12 | 1459405 caerus
caerus's picture

my fellow Americans...I should be at camp David right now...

Fri, 07/15/2011 - 11:51 | 1459700 HungrySeagull
HungrySeagull's picture

I spent time at Camp Greentop, herding children past the fence of Camp David. Some of the best of times and some of the worst of times. Even learning how to fly, (Pre-9/11 we treated Camp David's airspace as a aboslute no go zone. Ah the memories.


It's nice to know that the plentiful deer (Winter meat and shelter) and trees (Firewood and other uses) will be there long after we all are dead.

Fri, 07/15/2011 - 12:04 | 1459771 DosZap
DosZap's picture

And stay there........................w/no electricty.

Fri, 07/15/2011 - 12:43 | 1459954 HungrySeagull
HungrySeagull's picture

Austrian Wood gas technology will do well enough to run a Generator.


Or a bit of solar. No issues.

Fri, 07/15/2011 - 11:12 | 1459407 SilverDoctors
SilverDoctors's picture

We're sure most Zerohedge readers are as sick of Obama and ready for REAL CHANGE as we are.

Ron Paul Survey.
Would you vote for Ron Paul in 2012? If so, when were you converted?
Trying to get a grasp on what percentage of those who plan on voting for Paul in 2012 did not in 2008.
We plan on sharing the info with the Paul campaign, so would appreciate reader input!


Fri, 07/15/2011 - 12:07 | 1459789 DosZap
DosZap's picture

Ron Paul has no chance..............very sorry to say.

Just look at the numbers he has garnered in the few Polls taken thus far.

My money is Bachmann, takes the nomination.(Hide and Watch)

Fri, 07/15/2011 - 12:24 | 1459872 TaxSlave
TaxSlave's picture

Bachmann, the neocon Patriot Act paper-money sucking tax-compliance lawyer warmonger?

You're a fuckin' tool, then.

But please.  Follow your directions.  Nothing's going to get better until everything crashes anyway.  Obama has done more for the freedom movement than anyone in recent history.

Destroy their jobs, put them out of their homes, stampede them one way and another, drum up wars to send their kids off to.  If that doesn't wake them the fuck up, nothing will.

Maybe nothing will.

If Ron Paul has zero chance, this country is going to get what it deserves.  Thanks for helping.

Fri, 07/15/2011 - 13:38 | 1460165 fallout11
fallout11's picture

I bet you are both right, for the very reasons you elucidate here TaxSlave. The pol parties are about control and looting, not correcting things. This is why Paul will NOT get the nomination, that would be the end of business as usual.  This country will get what it deserves.

Fri, 07/15/2011 - 11:13 | 1459409 the not so migh...
the not so mighty maximiza's picture

we need mo money

Fri, 07/15/2011 - 11:13 | 1459412 Silverhog
Silverhog's picture

Somebody ask him if Gold is Money.

Fri, 07/15/2011 - 11:14 | 1459417 Dr. Engali
Dr. Engali's picture

So......what's going on in Libya, Afghanistan, Iraq, Yemen, Egypt......blah,blah, blah?

Fri, 07/15/2011 - 11:19 | 1459459 karzai_luver
karzai_luver's picture

glorious free markets..........????????????????


ameirkan values courses.....???????????????


bankster relocation planning..........??????


getting hot yet????

Fri, 07/15/2011 - 11:14 | 1459420 SRV - ES339
SRV - ES339's picture

The GOP around the table have voted to increase the debt ceiling at least 24 times in the past without question, and without strings... call it what it is... childish political grandstanding at a time when the country (and the world) needs adult leadership.

Pathetic, and predictable with Boehner and Canter at the helm.

Fri, 07/15/2011 - 11:17 | 1459446 Dr. Engali
Dr. Engali's picture

Sure  ....good idea lets take on more debt. How about raising the debt limit to eleventy trillion dollars?

Fri, 07/15/2011 - 11:20 | 1459470 karzai_luver
karzai_luver's picture

may as well......


it's going to be raised until the whole thing blows chunks...

You can't turn this thing around now.

She going down Nappy.


Fri, 07/15/2011 - 11:53 | 1459712 HungrySeagull
HungrySeagull's picture

Gonna need a old fashioned 5 gallon toilet for this one honey child.


Aint these new houses something, always a tad too small to accomodate such releases of waste we are about to witness in our poor human condition.

Fri, 07/15/2011 - 11:22 | 1459457 hedgeless_horseman
hedgeless_horseman's picture

" it what it is... childish political grandstanding at a time when the country (and the world) needs adult leadership."

You mean like this?  Or a different type of childish political gradstanding?

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

… Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
                                          --Senator Obama '08

Fri, 07/15/2011 - 11:25 | 1459489 karzai_luver
karzai_luver's picture

that's all well and good,, but it's still cheap.

Fri, 07/15/2011 - 11:38 | 1459545 hedgeless_horseman
hedgeless_horseman's picture

Cheap?  I say this is priceless...solid fucking gold.

"America has a debt problem and a failure of leadership. Americans deserve better."


-Senator Barack Hussein Obama, 2008


(When voting AGAINST raising the debt ceiling.)


Fri, 07/15/2011 - 11:49 | 1459679 WonderDawg
WonderDawg's picture

Perfect example of how pathetically short is the memory span of the general population, aided by the MSM, which also fails to remember these instances. Politicians count on this shit. They know they can say anything now that makes them look good, and absolutely fail to follow through, because no one in the media bothers to call them out on their bullshit and remind the general public that these fuckers are professional liars.

Fri, 07/15/2011 - 11:51 | 1459699 oogs66
oogs66's picture

i find the term "general public" odious

Fri, 07/15/2011 - 11:56 | 1459718 hedgeless_horseman
hedgeless_horseman's picture

They were actually pretty good:

Fri, 07/15/2011 - 11:57 | 1459728 AnAnonymous
AnAnonymous's picture

Perfect example of how pathetically short is the memory span of the general population, aided by the MSM, which also fails to remember these instances. Politicians count on this shit.


No. No memory involved. The general population is well aware of the rules of the game and support them.

If you understand gangs, you understand the US.

In the political philosophy of the US, there is no opposition, only people fighting to implement the same project.

Gangs do not disagree on principles, they disagree on others doing the same as them.

The socalled opposition fight to be the one carrying out a project. Obama did not oppose debt ceiling rise. He just wanted to be the one operating the debt rise.

This is how it works in the US political philosophy. You can backpedal through times and find a large number of examples like Bush opposing a possible war against Iraq when he was in the opposition etc...

 Gangs, if you understand them, you understand the US.

Fri, 07/15/2011 - 12:09 | 1459807 DosZap
DosZap's picture

Crack, has a way of changing one's world I hear.

Fri, 07/15/2011 - 11:24 | 1459499 karzai_luver
karzai_luver's picture

that's all well and good,, but it's still cheap.


There is not a one of them that hasn't been on all 4 sides of any issue and

wouldn't butcher your child to win election.


Plus, even the pugs admit the "times" are much more serious NOW than then.

After all we were in the middle of the glorious pug economy is good times back then.

Your point (if I were to care) doesn't hold water NOW!



Fri, 07/15/2011 - 11:28 | 1459521 SRV - ES339
SRV - ES339's picture

Many hundreds in congress voted against increases on principle... but only in protest, knowing that the votes were safely in place to pass the bill. There was never a threat of a shut down and the full faith and credit of the USA was never in question.

Your point is as useless as having Cantor at the negotiating table.

Fri, 07/15/2011 - 11:37 | 1459590 docj
docj's picture

Ah, so voting against debt limit increases when it's "easy" (or when it's done by politicians you favor, presumably) is standing on principle or simply a "protest". But now, with multiple years of $1T-plus and once-again growing deficits with no end in sight it's somehow different. Right?

How much is Organizing for America paying for this tripe these days?

Fri, 07/15/2011 - 12:17 | 1459846 SRV - ES339
SRV - ES339's picture

Wasn't defending anything, these are simply the facts... not that any of the ZH rabble care...

So, how do you feel about the GOP at the table who voted for increases 7 times in 8 years (with no strings attached) while Bush kept piling on debt to fight wars and give tax breaks to billionaires... that OK with you?

Fri, 07/15/2011 - 13:26 | 1460119 docj
docj's picture

Sure you were - you were defending The Teleprompter in Training's opposition to debt ceiling increases when he was a Senator. But whatever, that politicians are liars and hyporcites is nothing new.

Bottom line is that every drunk has a moment of clarity. I don't care their motivations (which I don't doubt are less than pure) - this debt train-wreck needed to be stopped 10-years ago. Stop it now and we might avoid going off a cliff. If Johnny Orange and Mush Mouth Mitch are the ones who have to do it then so be it.

Bush's economic record sucked out loud and your hero is doing everything he can to make it look reasonable. Time for an intervention and for someone to take the kid's car-keys away before someone (else) gets killed.

Unless, that is, you're A-OK with The Teleprompter piling-up debt to fight wars and give tax breaks to GE and Goldman Sachs and to bail-out insolvent banks in the EU.

Fri, 07/15/2011 - 13:53 | 1460216 Tortfeasor
Tortfeasor's picture

Ah, yes, the old 25 wrongs = 1 right argument.

Fri, 07/15/2011 - 11:39 | 1459605 Dr. Engali
Dr. Engali's picture

You are a pretty pathetic government hack. How was it any different then? If they didn't raise the debt ceiling then the " full faith and credit " of the U.S. was in question. And your argument by default suggests that the president (your glorious leader) is a liar (which we all know he is) if he voted against it only because he was comfortable knowing it would pass.

Fri, 07/15/2011 - 11:45 | 1459641 hedgeless_horseman
hedgeless_horseman's picture

(S)he could be another Austin, Tx trust funder that does not want the price of treasuries in said trust fund to decline, thus causing (s)he to get a fucking job.  I wish (s)he would stop associating SRV with drivel. 

Fri, 07/15/2011 - 12:49 | 1459986 caerus
caerus's picture

yup. Stevie deserves better

Fri, 07/15/2011 - 11:27 | 1459524 Dr. Engali
Dr. Engali's picture

You see it's different. His lord and savior is asking for the debt ceiling to be raised.

Fri, 07/15/2011 - 11:15 | 1459427 Al Gorerhythm
Al Gorerhythm's picture

Who the fuck is this guy?

Fri, 07/15/2011 - 11:26 | 1459516 Bay of Pigs
Bay of Pigs's picture

"We need modest adjustments to get our house in order"


Fri, 07/15/2011 - 11:53 | 1459704 RobD
RobD's picture

Evidently math is not one of Obama's strengths. Not that we know what he excelled at in school since he refuses to release his transcripts. I bet he was no better then Bush and may have been worse grade wise.

Fri, 07/15/2011 - 11:15 | 1459430 slaughterer
slaughterer's picture

There he goes with his folksy metaphors...  

Fri, 07/15/2011 - 11:15 | 1459431 Doyle Hargraves
Doyle Hargraves's picture

There has never been a better case made for a Strategic Default Bitchez!!!

Fri, 07/15/2011 - 11:15 | 1459433 slaughterer
slaughterer's picture

Get ready to short PMs, just about right now.  

Fri, 07/15/2011 - 11:38 | 1459512 Threeggg
Threeggg's picture

No not yet.

That will start next Thursday as the windown to Friday's expiry comes into view.


el papel ...............

Fri, 07/15/2011 - 11:38 | 1459602 slaughterer
slaughterer's picture

We went ahead and shorted. Right decision, wasn't it?

Fri, 07/15/2011 - 11:47 | 1459651 Threeggg
Threeggg's picture

Watch that 12:10PM cst to 12:30PM cst timeframe (Comex close today) as the biggest buyer's move into the PM markets at that time.

It will be WAR !

Fri, 07/15/2011 - 11:52 | 1459705 slaughterer
slaughterer's picture

Yes, I know that time frame.  Yes, it will be war... :-)

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