With One Day Left, Reid "Not Nearly Optimistic" Shutdown Can Be Avoided: A Run Down Through The Implications

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Thu, 04/07/2011 - 10:36 | 1145068 baby_BLYTHE
baby_BLYTHE's picture

I am going to defend Gonzalo Lira and other Hyper-Inflationists (They are right!).
note: I posted this before. People need to wake up!

I went to a bar near Arizona State University with my friends over Spring Break.

Get ready for this... you cannot make this sh*t up (picture I took with my Andriod)

http://i51.tinypic.com/343mbrn.jpg

Get ready, folks!

We are going into an inflationary Depression! Tyler was right. The dollar is in BIG TROUBLE!

Thankfully I own Gold and Silver, I advise you all take precaution. This shit is f***ing real! It is unbelivable.

Hard times are coming. For everyone!

 

Thu, 04/07/2011 - 10:38 | 1145084 Haywood Jablowme
Haywood Jablowme's picture

Hey Reid, shut the mother fucker down bitch!

Put your worthless fiat paper where your mouth is....on Billary's man-gina.

Bankstas, Elitists, and Congress, your fuckin' time is comin'...

 

 

Thu, 04/07/2011 - 10:44 | 1145112 krispkritter
krispkritter's picture

 

"Billary's Man-gina"...ROFL...Now where's the brain bleach...?

 

Thu, 04/07/2011 - 12:24 | 1145640 andybev01
andybev01's picture

please pass the mental floss.

Thu, 04/07/2011 - 10:47 | 1145135 baby_BLYTHE
baby_BLYTHE's picture

Too bad a Government shutdown doesn't involve Wallstreet.

No doubt the market would scream higher as a shutdown and all other forms of Armageddon are "priced in".

What a sad pathetic joke!

Thu, 04/07/2011 - 11:09 | 1145305 krispkritter
krispkritter's picture

Too bad the worthless Congress and Prez are still paid even though it's their inaction that puts 800k other people's paychecks at risk. Congress-critters should receive $1 per year to serve and the Prez can pay for his own tee times...

Thu, 04/07/2011 - 11:52 | 1145512 rufusbird
rufusbird's picture

I know on thing that would get these elected officials to pass a budget on time. Make a law that makes any congressman who is in office during a year when a budet is not passed on time, inelligible to run for office on the following election term. The country could use a clean slate of elected officials.

Thu, 04/07/2011 - 11:14 | 1145321 Jay Gould Esq.
Jay Gould Esq.'s picture

Frankly, this makes for sensational headline, but we all know that Uncle will never be locked out of his own house. There will be no shutdown. Bawlin' John Boehner simply cannot handle the stress from the aggressive likes of Katy Couric and Mika Brzezinski. 

Winners: AFSCME, Barry, Harry, Nancy, and Bawlin' John ( the perma-tan is preserved ).

Losers: Taxpayers the nation-over.

Thu, 04/07/2011 - 10:55 | 1145195 flustercuck
flustercuck's picture

blocked @ work! how about a summary...

Thu, 04/07/2011 - 11:00 | 1145241 baby_BLYTHE
baby_BLYTHE's picture

tiny pic is blocked?

They decided that the dollar bills weren't worth holding onto and went ahead to make an art project out of them. A ceiling design with defaced Federal Reserve notes dangling for all to see.

Thu, 04/07/2011 - 11:11 | 1145319 flustercuck
flustercuck's picture

thats awesome... will have to check it out when i get home. maybe in a year or two we'll all be redecorating our homes with benjamins...

 

full disclosure: long wheelbarrows

 

Thu, 04/07/2011 - 16:28 | 1146773 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Its a way for drunk people to post messages instead of writing directly on the wall with a sharpie.  I've seen it before in hawaii...probably happens anywhere drunks congregate on vacation.

  I figure the bar owners avoid having to peel stickers and sharpie off the establishment and the graphiti is still worth a dollar.

However, a good one I saw in Hawiaii was: "Your money is shit - dan from Australia"

Thu, 04/07/2011 - 11:17 | 1145337 j0nx
j0nx's picture

Describe how we can go into a hyper inflationairy environment without a corresponding rise in income? Incomes are flat and/or declining and most of that reason is due to globalization. Why pay an American $20hr to do the same thing that a Chinaman will do for $.50 an hour? Hence there can be no hyper-inflation without wage increases to match it. What we have here is something far more sinister. Hyper-biflation maybe. All the corresponding negative effects from the rise of commodity prices  without a rise in income to pay for them. Let's also not forget about the drops in property values and other assets that you own in an environment like that. People will be begging for the good old days of hyper-inflation after this starts to run its course. I don't think that we will ever see a corresponding rise in incomes from this even as people have lost total faith in the currency and in their government; which typically is the end game for a hyper-inflationairy environment scenario.

Thu, 04/07/2011 - 11:41 | 1145464 dogismyth
dogismyth's picture

lol...another denninger follower.  Here take a read.   http://financialsense.com/contributors/jim-willie/deflationists-and-blin...

Thu, 04/07/2011 - 12:47 | 1145730 j0nx
j0nx's picture

Uh did you even read That Willie article? Let me post a paragraph for you which is exactly what I wrote and exactly how I feel this entire thing shakes out as well:

"My point made consistently is that wages will not keep pace with rising costs, even made a national priority to halt the secondary inflation effects on wages. In that sense, my analysis has joined the Deflationists, but only with one foot in their shallow pond of constructs, hardly qualifying as a School of Thought. Since wages do not keep pace with costs, the unemployment will rise and has risen, a point made consistently here. Therefore my work cannot be carelessly labeled as over the top inflationist. Sadly, most Deflationists do not understand how to read my analysis, because they operate with a blind eye to the many sided crisis, too focused on his narrow perspective that cannot adapt to the current complex situation. The Deflationists cannot integrate into their shallow thinking the combination of inflation on the monetary side and deflation on the asset (and wage) side, surely a difficult and extraordinary situation loaded with complexity. They lost my respect long ago, the entire clan. Most of their followers in paid subscription services suffered crippling personal financial losses. A few analyst newsletter writers from their camp have learned nothing and continue their tired saw with shallow analysis and a string of wrong-footed forecasts. So be it!"

I am certainly not a deflationist but I sure as hell am not a hyper-inflationist either. There can be no HI without wage increases. PERIOD. I have always been a believer in the fact that we get the worst of it which is massive inflation in things you need and massive deflation in things you own or want but don't need.

Thu, 04/07/2011 - 13:41 | 1145957 NidStyles
NidStyles's picture

You do understand that it's not the Individual wages that must go up, but the aggregate of wages. Unemployment, food stamps, handouts as the Social Welfare system kicks in. All of that would have similar effects.

Thu, 04/07/2011 - 14:24 | 1146166 Bearish News
Bearish News's picture

Wages will rise. Just not keep up with inflation. Brits just raised minimum wage 15p to 6.08. Inflation? Hell of a lot more than that.

Thu, 04/07/2011 - 12:00 | 1145548 Shitters_Full
Shitters_Full's picture

Dude, please...'Chinaman' is not the preferred nomenclature.

Thu, 04/07/2011 - 12:51 | 1145740 j0nx
j0nx's picture

STFU dufus. Chinaman Chinaman Chinaman. If you want political correctness then go to the yahoo forums.

Thu, 04/07/2011 - 13:42 | 1145962 JS1234
JS1234's picture

He was posting a line from a movie.

Thu, 04/07/2011 - 16:31 | 1146782 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

f*ckin' amatuers...

Thu, 04/07/2011 - 20:08 | 1147674 j0nx
j0nx's picture

So was I. GD amateurs. And btw, I hated that F'ng movie.

Fri, 04/08/2011 - 11:57 | 1150139 Shitters_Full
Shitters_Full's picture

Well that's just, like, your opinion, man.

Thu, 04/07/2011 - 12:27 | 1145645 JustPrintMoreDuh
JustPrintMoreDuh's picture

No problem comrade!

Just raise the minimum wage and kick the printing presses into quintuple SUPER-DUPER hyper overdrive.

 

Thu, 04/07/2011 - 14:35 | 1146233 Nels
Nels's picture

Inflation without wage increases?  Easy.  A large chunk of the population gets their money from the government.  Just keep increasing the amount of transfer payments and the number of folks getting such payments, and fund that with the Fed printing press.

It doesn't matter if it's wage earners who get the cash, as long as there are enough folks getting the cash to get into bidding wars.

Thu, 04/07/2011 - 11:25 | 1145385 jus_lite_reading
jus_lite_reading's picture

You can say that again! The shit is real. Perpare now. Guns food water silver gold potassium iodide

Thu, 04/07/2011 - 11:45 | 1145492 Urban Redneck
Urban Redneck's picture

College bar with $1 bills...  Go to the west end of London, the Guards' pub if my memory serves.  They have a much better selection- there should still be one of the bank notes below up on the ceiling, when it was added, the penalty for exporting them was death.    

 

http://aes.iupui.edu/rwise/banknotes/guinea/gui017_f.jpg 

Thu, 04/07/2011 - 12:30 | 1145659 earnyermoney
earnyermoney's picture

OT. How's Herb in the land of the Sun Devils?

Thu, 04/07/2011 - 12:39 | 1145689 covert
covert's picture

it should not be mislabeled. it's not a shutdown but a trim down. people always try to order more govt than they can afford.

http://covert2.wordpress.com

 

Thu, 04/07/2011 - 12:43 | 1145709 High Plains Drifter
High Plains Drifter's picture

if the welfare and unemployment checks stop coming, the cities will burn.....

Thu, 04/07/2011 - 15:05 | 1146411 jmc8888
jmc8888's picture

ROFL that's just the bar scene in scottsdale/tempe

Not saying you're wrong overall, just scottsdale/tempe bars are a different beast.

Thu, 04/07/2011 - 21:03 | 1147857 StychoKiller
StychoKiller's picture

Get back to us when the ceiling is papered with Benjis...

Thu, 04/07/2011 - 10:37 | 1145069 NOTW777
NOTW777's picture

not "bleaker"

its hopeful to shut down evil

libs are exposed - they have no interest in even trying to cut

Thu, 04/07/2011 - 10:37 | 1145071 Careless Whisper
Careless Whisper's picture

Federal Reserve Bank is a private entity, not part of the gov. Nothing to see here, move along.

Thu, 04/07/2011 - 10:42 | 1145099 romanko
romanko's picture

My theory is the regime wants a govt shutdown to facilitate a QE3 - the impact will be broader but less damaging to Wall Street than an orchestrated stock market crash - after a week or so, they'll say "look, the gov't can't continue to send out cheques without QE" and everyone will clamour for more printing, because the reality is that the gov't deficits cannot be funded without QE

Thu, 04/07/2011 - 10:48 | 1145132 SheepDog-One
SheepDog-One's picture

I'll be applauding! And at some point soon this charade of 'we need to print daily to pay american sheeple free checks so they can eat and stay calm' will end!

And dont be so sure another crash can be so easily arrested and re-levitated, theyre freakin HORRIFIED to see even a suggestion of red at any time! Why?-

Let me ask you what happens if theres a big market plunge and all the 401K holders get the idea they all want to dump at once? This isnt all as bulletproof and sure thing as the satanistas want you to believe!

Thu, 04/07/2011 - 10:39 | 1145076 Cdad
Cdad's picture

Let me guess...the convenient excuse to sell the market into oblivion...while still telling the sheeple to buy the dips because historical valuations look cheap, and a fabulous April is on the way for retailers...who currently suck...but never mind about that because UnicornDew is freakin' everywhere?

Do I have it right?

 

Thu, 04/07/2011 - 10:42 | 1145097 SheepDog-One
SheepDog-One's picture

Drownin in freakin unicorn dew!

Thu, 04/07/2011 - 10:39 | 1145082 bigdumbnugly
bigdumbnugly's picture

when they do shut down government, hopefully curly, larry, and moe will step into the void to restore some semblance of sanity to it.

Thu, 04/07/2011 - 10:38 | 1145088 SheepDog-One
SheepDog-One's picture

STOP threatening me with a shutdown, gooberment! DO IT! Im beggin ya!

Thu, 04/07/2011 - 10:55 | 1145205 Ruffcut
Ruffcut's picture

Yeah, Make my day! Bitchez

Thu, 04/07/2011 - 12:12 | 1145582 Dr. Porkchop
Dr. Porkchop's picture

It's like Boehner putting a gun to Obama's head, or vice versa, and threatening to pull the trigger if he doesn't get his demands.... they don't seem to understand that in either case, the crowd is shouting "Do it!"

Thu, 04/07/2011 - 21:05 | 1147865 StychoKiller
StychoKiller's picture

Yea!  Whatever you do, PLEASE don't throw me in dat briar patch!

Thu, 04/07/2011 - 10:46 | 1145093 JS1234
JS1234's picture

The Dems won't cut spending, the Repubs won't raise taxes.  They'll have their fingers around each others throats the entire time the whole country comes crumbling down around them and then they'll point fingers at each other.  Since I'm OK with the entire thing crumbling down, I say yea stalemate.

Thu, 04/07/2011 - 11:17 | 1145351 NOTW777
NOTW777's picture

why would anyone agree to raise taxes and feed corruption and fraud

Thu, 04/07/2011 - 11:51 | 1145507 Urban Redneck
Urban Redneck's picture

neither whore wants to lower their offering price

Thu, 04/07/2011 - 21:07 | 1147875 StychoKiller
StychoKiller's picture

Very few adults in Congress/Senate; alas, NONE of them are in positions of power!

Thu, 04/07/2011 - 10:40 | 1145095 The Axe
The Axe's picture

FUCKING EARTHQUAKE

Thu, 04/07/2011 - 10:54 | 1145204 umop episdn
umop episdn's picture

http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/at00ljadqj.php

"144 km (90 miles) ENE (68°) from Fukushima, Honshu, Japan"

 

"7.4 (Preliminary magnitude — update expected within 15 minutes)"

Thu, 04/07/2011 - 10:41 | 1145102 terryg999
terryg999's picture

I think the libs fear a shutdown a tad bit more.  Most people won't notice that the precious goverment isn't there - and that scares the libs just a little bit more then the repugs.

 

Note the media playing up the horror of a shutdown

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