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

Tyler Durden's picture

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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!

 

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'...

 

 

krispkritter's picture

 

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

 

andybev01's picture

please pass the mental floss.

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!

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...

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.

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.

flustercuck's picture

blocked @ work! how about a summary...

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.

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

 

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"

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.

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.

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.

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.

Shitters_Full's picture

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

j0nx's picture

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

JS1234's picture

He was posting a line from a movie.

j0nx's picture

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

Shitters_Full's picture

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

JustPrintMoreDuh's picture

No problem comrade!

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

 

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.

jus_lite_reading's picture

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

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 

earnyermoney's picture

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

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

 

High Plains Drifter's picture

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

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.

StychoKiller's picture

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

NOTW777's picture

not "bleaker"

its hopeful to shut down evil

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

Careless Whisper's picture

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

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

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!

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?

 

SheepDog-One's picture

Drownin in freakin unicorn dew!

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.

SheepDog-One's picture

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

Ruffcut's picture

Yeah, Make my day! Bitchez

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!"

StychoKiller's picture

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

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.

NOTW777's picture

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

Urban Redneck's picture

neither whore wants to lower their offering price

StychoKiller's picture

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

The Axe's picture

FUCKING EARTHQUAKE

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)"

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