The Shadow King Of Wall Street: "Markets Like Totalitarian Governments"

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Fri, 03/04/2011 - 16:30 | 1020078 Cognitive Dissonance
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Sociopaths love totalitarian governments too. Larry Fink is a sociopath.

Fri, 03/04/2011 - 16:46 | 1020149 Misean
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Be careful, insulting sociopaths can be hazardous to your health.

Fri, 03/04/2011 - 16:51 | 1020164 Cognitive Dissonance
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Actually they consider it a compliment and even high praise. 

The peons love me, but they also fear me. Ain't that sweet.

Fri, 03/04/2011 - 16:54 | 1020178 Misean
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As a fellow sociopath, I am insulted to be included in the company of Fink...just sayin...

Fri, 03/04/2011 - 17:16 | 1020309 Trundle
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A buttery personage, he may well one of the first to be eaten if the "eat the rich" meme goes full circle.

Fri, 03/04/2011 - 17:30 | 1020409 Cognitive Dissonance
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Fri, 03/04/2011 - 18:01 | 1020559 Hook Line and S...
Hook Line and Sphincter's picture

When the sociopaths are crossed (for such offenses as...stepping on their big toe), you can expect an eye for an eye to be thrown out the door and quickly replaced by a toe for your life. Get in the way of this mans Will and most will end up as the meal (see turkey above).

Sat, 03/05/2011 - 09:02 | 1021752 BigJim
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This guy is the epitome of conventional wisdom, and may well be a sociopath to boot, but when he commented that 'markets like totalitarian governments', it seemed to me he was just making an observation apropos market volatility, rather than making a moral judgement.

Or did I miss something?

Sat, 03/05/2011 - 15:11 | 1022157 milbank
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You are totally correct Big Jim as is Fink.   That "Tyler Durden" doesn't recognize what Fink said regarding Totalitarian governments and the markets is why Zero Hedge has been self-righteously losing money for anyone who follows "Tyler Durden" commentary as a guide to trading.  The board commentary deriding Fink are from losers both psychologically as well as monetarily. If you don't believe it, look at what the market has done in that last two years as "Tyler Durden" and Zero Hedge have done their "thing." 

Losers lose, Winners win in the markets arena.

Dat's that fact Jack.  No amount of impotent whining or anti-semetic, redneck rhetoric will change it.

Sat, 03/05/2011 - 20:51 | 1022526 GoinFawr
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My my, isn't somebody sensitive...

 Erm, last time I checked, TD was loooooong physical gold and silver the last two years; how do you figure anyone lost money on those two B(note the cap)ullmarkets? And that's not even to mention those ZH'ers with the cajones to throw fiat bux at choice miners of the same over the same timeframe, using the proceeds to possess even more OZ's. Hunh, looks pretty win-win from my perspective.

And that's the fact jack.

But by all means, 'buy the dollar' like Mssr.Fink says, milbank. Say, how has that trade been doing over the last two years? I guess it's off the lows, for now: congratz! Then again, against real (currencies) like Ag and Au- ouch!

Bonne Chance!

As for the rest, well commentors can only speak for themselves, hmm? 'Good with the bad' when it comes to a 'speak easy', no? It seems to me that anything worth defending usually is, and vigourously; not to you?

But I challenge you to find me one article submitted by TD that fits into those other categories you mentioned....

<steels self>

Sat, 03/05/2011 - 19:04 | 1022528 BigJim
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I've made more money trading since I've started reading zerohedge.

And though they're clearly anti-zionist (as is anyone with any knowledge and sense of ethics), I have yet to see an anti-semitic article.

Fri, 03/04/2011 - 17:40 | 1020456 IQ 145
IQ 145's picture

 double plus one. Me too. I watch with the sound off; and just let my life experience speak to me; this guy is a professional bullshit artist who thinks he's cute. Makes me slightly nauseous. Good reason to short the Long Bond.

Fri, 03/04/2011 - 16:59 | 1020198 hbjork1
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You don't even have to insult them.  Simply being around, effective in your work and popular with other employes may make an employee a target.  Such people may not be fully controllable in a pinch. 

Fri, 03/04/2011 - 17:07 | 1020257 alien-IQ
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who here would not be happy to pay any price to have 15 bare fisted fight club style minutes with that man?

I'd happily offer 15 oz. of Gold for the opportunity.

Fri, 03/04/2011 - 17:32 | 1020419 Gold 36000
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I would love to have a go with him.  He looks and sounds like a real pussy.

Fri, 03/04/2011 - 18:07 | 1020583 Hook Line and S...
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15 minutes? Where is your efficiency?

2 seconds he has a broken nose from a head-butt, 1 more second to a choke hold, 15-30 sec until he's out, 10-20 seconds of 'curbing' his passed out ass...shoe against his head/teeth against the curb.

Sat, 03/05/2011 - 10:47 | 1021816 Shylockracy
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My time frame is 3 rounds of 3 minutes (olympic taekwondo). I'd be happy to meet him for 30 sec. in a ring. More would be just pleonasm.

Fri, 03/04/2011 - 18:12 | 1020597 kita27
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this interview wasted 5 minutes of my time before i could listen no more.

Fri, 03/04/2011 - 16:29 | 1020083 Mr Poopra
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Nice of Larry to take time away from feasting on unicorn blood and children's tears for a quick interview.

Fri, 03/04/2011 - 17:14 | 1020294 Bastiat
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Good one!

Fri, 03/04/2011 - 16:33 | 1020089 The Axe
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agree....Elite scumbag.....Let them eat CAKE!!!  cocksucker

Fri, 03/04/2011 - 16:34 | 1020091 ReallySparky
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Down with Totalitarian Governments.

Sat, 03/05/2011 - 18:11 | 1020893 Zero Govt
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that'll be every one in the western world then ....can't imagine these global elite corporations dealing with any Western or Eastern Govt notices any difference  ..."Which offshore bank account would you like your brown envelope in Minister?   

Also Fink says, "Whether regulators are inhibiting us or not, we have said publicly we are happy with our business model as it is today."
I believe Blackrock is one of the the parties including JPM behind iShares. He claims his business is just an "agent" for the investors but iShares is a shell.
This ETF vehicle is so shelled (hollowed) out even the Silver in SLV has zero liability on testing or knowing what the Silver is behind their ETF.
Amoung a host of other dodgy statements in this SLV ETF Blackrock appears to be an "agent" of buying something that looks like a whole lot of fuk all... I'd say that puts Fink in the Madoff category of doing business so where does he get "regulators are inhibiting us" from???

Fri, 03/04/2011 - 16:34 | 1020094 Strongbad
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Wall Street's new theme song:

Fri, 03/04/2011 - 16:35 | 1020095 GNandGL
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No surprise here.  Keynes admitted that his economic policies were more suited to totalitarian regimes than democratric ones. 

Fri, 03/04/2011 - 17:01 | 1020215 Lord Welligton
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Got link old bean.

Much obliged.

Fri, 03/04/2011 - 17:13 | 1020285 packman
packman's picture

I wouldn't mind seeing and explicit quote either - but it only makes sense.  His whole life's work was advocating managed economies.  What easier way to manage the economy than with a totalitarian political system?  The two not only go hand-in-hand, but are essentially the same thing.


Fri, 03/04/2011 - 17:19 | 1020328 Lord Welligton
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And rather the point.

And also the essence of "Central Banking".

The control of aggregate demand.

For whom?

The people or the bankers?


Fri, 03/04/2011 - 17:19 | 1020335 Misean
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No problemo.

"Keynes himself admired the Nazi economic program, writing in the foreword to the German edition to the General Theory: "[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.""

Fri, 03/04/2011 - 17:23 | 1020362 Lord Welligton
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Much obliged.

You are a gent.

Fri, 03/04/2011 - 17:28 | 1020398 Cognitive Dissonance
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So the police state is just a means to the end of keeping the Ponzi going? I knew I liked these guys.


Fri, 03/04/2011 - 17:32 | 1020413 Lord Welligton
Lord Welligton's picture

Can't disagree with you there.


Fri, 03/04/2011 - 17:40 | 1020463 Lord Welligton
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May I respectfully suggest the opening of the interview.

@ 00:16

"Larry I feel like we're twins today"

People will have taken that as Larry and the Interviewer (who does not give his name) are both wearing lilac shirts and ties and charcoal grey suits.

I did not.

I took it the Bloomberg and Blackrock are twins.

Am I suffering from Cognitive Dissonance?




Fri, 03/04/2011 - 17:50 | 1020502 Cognitive Dissonance
Cognitive Dissonance's picture

Yes. And no. :>)

I see it as a manifestation of the interviewers Stockholm Syndrome. He's telling his sociopath tormentor "See, I'm just like you. I can lie, bullshit, misinform and use subterfuge and innuendo with the best of the sociopaths. I've been studying nights and weekends so don't hurt me. I'm one of your kind. I'll do anything you tell me to do only stop beating me."

When the mind can no longer resist the agony it attempts to be just like the tormentor/abuser in order to hide within the herd. Chameleon is the last stage of capitulation.

In many ways corporations do the same thing when in the presence of a bigger swinging dick.

Fri, 03/04/2011 - 18:06 | 1020587 Lord Welligton
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I think yes and yes on that.

Though that does not dissemble my "twin" analysis of Bloomberg and Blackrock.

As corporations I, now, for the first time, know that Bloomberg and Blackrock (they being corporations) are not mere relatives. They are twins. I suspect further that they and other are clones (that would be as corporations).

For the two individuals, I am not sure that they see it.

One knows he is The Prince. The other knows he is a courtier.

Having said that.

It is truly disturbing that the manager, as he points out, of pensions of Police, Teacher, Nurse etc, educates them to allow him, The Prince, kill for their pensions.

I am very disturber by Larry Fink.

I don't want Blackrock managing my pension.


Fri, 03/04/2011 - 17:56 | 1020545 IQ 145
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 They could have worn the same old school tie; but I suppose even Americans might have got that.

Fri, 03/04/2011 - 18:43 | 1020712 Misean
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Couldn't exist without it. Why, Mr. Ponzi's own scheeme was based on arbitrging the postal organs of various global police states.

Fri, 03/04/2011 - 16:35 | 1020099 Pladizow
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Has there ever been a banker-centric serial killer?

Fri, 03/04/2011 - 16:39 | 1020119 Sudden Debt
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Let's look into Russian and German history for that one...


Fri, 03/04/2011 - 16:52 | 1020169 LeBalance
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Pardon the droll comment:

"So you read here at ZH everyday and you don't know their names already?"

There's Paulie and Alan, Fischer and Blankfein, ....

But the most famous mass murdering inflationista of ALLLLLLLL......

Bennie The Inkjet Bernank had a printer on nitro-meth,

And everytime he goosed it, Arab states erupted in death,

All of the other banksters, were completely green in envy,

They wanted to help our Bennie foment the world's war games.

La? La? La?

Fri, 03/04/2011 - 17:05 | 1020231 Pladizow
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My comment asked if there was ever a banker-centric serial killer, i.e., a killer whose sole focus was the extermination of bankers - NOT - if there are bankers who are serial killers, that answer is obvious.

Fri, 03/04/2011 - 17:30 | 1020403 Gold 36000
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Hopefully by naming names here perhaps there are a few brave souls willing to take a stand.

Fri, 03/04/2011 - 22:05 | 1021190 palmereldritch
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Yes there is.  To date it has been old age.

Fri, 03/04/2011 - 16:35 | 1020103 camaro68ss
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The zombie Apocalypse is near

Fri, 03/04/2011 - 16:36 | 1020104 Arthor Bearing
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Self-satisfied smug little shit banksters like Fink won't know what the hell to do when they're faced with the reality of what they've done. God willing they'll be trapped on the island with nowhere to run and no hope of rescue

Fri, 03/04/2011 - 16:36 | 1020111 BobPaulson
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Won't need to know what to do while hanging from a lamp post.

Fri, 03/04/2011 - 16:36 | 1020106 10kby2k
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He rivals Bernanke in dorkiness.

Fri, 03/04/2011 - 16:36 | 1020108 BobPaulson
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Remember: you make the most money in a Ponzi scam right before the very end. 

Fri, 03/04/2011 - 18:19 | 1020620 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Cool catch phrase but hardly accurate.  If making money in a ponzi then by definition it is expanding and thefore not near the end unless it spreads like a virus on a petri dish - growing exponentially until there is no new host then collapse.

On second thought, you're right.

Fri, 03/04/2011 - 16:36 | 1020109 InconvenientCou...
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"market likes totalitarian governments."

I think ZH'ers get this for the most part. I'm a little surprised no one is promoting the idea that the U.S. is supporting the regime in Lybia. Motive, opportunity, economy element of surprise. GW?.... any one on this?

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