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Things That Make You Go Hmmm.... The Ben Bernanke Flying Circus

Tyler Durden's picture




 

From Grant William's latest Things that Make You Go Hmmm....

Today, the world has replaced Messrs.. Cleese, Chapman, Palin, Gilliam, Idle and Jones with a new ‘Flying Circus’. Their names are, for the most part, equally well-known and, sadly, becoming ever-more identified with high comedy as they try to convince the world that the dollar is, actually, in rude health.

Ladies and gentlemen, I give you ‘Ben Bernanke’s Flying Circus’ - starring Ben Bernanke, Timothy Geithner, Janet Yellen, Bill Dudley, Charles Plosser, Richard Fisher & featuring Barack Obama.

Zhou: Look, I took the liberty of examining that parrot dollar when I got it home, and I discovered the only reason that it had been sitting on its perch worth more than zero in the first place was that it had been NAILED there.
(pause)
Geithner: Well, o’course it was nailed there! If I hadn’t nailed that bird dollar down, it would have nuzzled up to those bars other currencies, bent ‘em apart with its beak, and VOOM!
Zhou: “VOOM”?!? Mate, this bird dollar wouldn’t “voom” if you put four million trillion volts through it! It’s bleedin’ demised!
Geithner: No no! It’s pining strong!
Zhou: It’s not pinin’ strong! It’s passed on! This parrot dollar is no more! It has ceased to be! It’s expired and gone to meet its maker! It’s a stiff! Bereft of life, it rests in peace! If you hadn’t nailed it to the perch it’d be pushing up the daisies! Its metabolic processes are now ‘istory! It’s off the twig! It’s kicked the bucket, it’s shuffled off its mortal coil, run down the curtain and joined the bleedin’ choir invisible!!
THIS IS AN EX-PARROT RESERVE CURRENCY!!

Full note:

Hmmm Apr 24 2011[2]

 

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Sun, 04/24/2011 - 12:49 | 1201079 bugs_
bugs_'s picture

whats all that then?

Sun, 04/24/2011 - 13:07 | 1201129 redpill
redpill's picture

We're like one of those poor scientists in Los Alamos back in the day who accidentally caused nuclear criticality in the lab. They saw a blue flash and knew they were dead men walking. So it is the same with the "reserve currency" US Dollar, for which that title is now only a meaningless label. We've seen the blue flash, it's only a matter of time for the greenback before the vomiting and necrosis begins.

The era of the world reserve US Dollar will soon be nothing more than a relic of history like the English monarchy, with only some domestic emotional appreciation out of a misplaced perception of patriotism. Few will grasp the real importance the dollars death: that just like liberty eventually overthrows tyranny, reality will always eventually overthrow inflationary fiat fantasy.

Sun, 04/24/2011 - 15:18 | 1201425 Caviar Emptor
Caviar Emptor's picture

+10. The world has already voted on the fate of the dollar: Gold and Silver setting new dollar records nearly daily. Dollars fleeing to "emerging" economies and currencies. A flight to hard assets. Anything but bux. 

Mon, 04/25/2011 - 09:43 | 1203229 TruthInSunshine
TruthInSunshine's picture

Paul Krugman is out with his latest administration-cheerleading propaganda piece at The New York Crimes wherein he argues that not nearly enough BennieBux have been printed and distributed to all the important faces & places.

That Krugman is something else.

Sun, 04/24/2011 - 17:48 | 1201676 Manthong
Manthong's picture

Why would I want any of Bernankes dollars when I could get a couple trillion of them cheaper from the Chinese now?

Sun, 04/24/2011 - 12:57 | 1201084 hugovanderbubble
hugovanderbubble's picture

Whom gonna pay Munibonds massive defaults?

http://www.rankia.com/respuestas/742760/images/37361

 

Insurance Portfolio completly mismatch A-L scheme performance

De-Riskoing is just coming back after 2 years of smokescreens

 

* Short BAC and C long STT and LAZ

 

Welcome to debt haircuts world ages

Sun, 04/24/2011 - 12:55 | 1201088 Hugh G Rection
Hugh G Rection's picture

It's all because of those damn speculators

Sun, 04/24/2011 - 14:52 | 1201349 downwiththebanks
downwiththebanks's picture

The banker-gangsters own this little band of puppets, just like the own the derivatives peddlers.

Sun, 04/24/2011 - 12:57 | 1201094 blindman
blindman's picture


trade of the decade. sell almost all of your gold
for silver now. 6 mo. trade your silver for gold. 1/2.
think about that. hmmm.
jesse, link for the video. j park
http://jessescrossroadscafe.blogspot.com/2011/04/gold-daily-and-silver-w...

Sun, 04/24/2011 - 13:51 | 1201228 Life of Illusion
Life of Illusion's picture

 

Trade of the decade is to find out where politically approved SWF invest dollar reserves and get there first.

Sun, 04/24/2011 - 14:11 | 1201264 blindman
blindman's picture


skin cream with silver nano particles.
/atomized particles.

Sun, 04/24/2011 - 15:21 | 1201430 Caviar Emptor
Caviar Emptor's picture

No need to guess: oil, gold, industrial metals, grains, any key natural resources. 

Sun, 04/24/2011 - 16:53 | 1201607 Life of Illusion
Life of Illusion's picture

 

True, don’t forget to link all resources to a politically correct port for export extraction.

Sun, 04/24/2011 - 14:06 | 1201251 Abitdodgie
Abitdodgie's picture

Seems like a good plan but remember Silver is the devils money, I wouls say keep your gold

Sun, 04/24/2011 - 14:12 | 1201276 blindman
blindman's picture


silver is the people's money. it was demonized
by the authorities for the purpose of disempowering
the people making them subject to that authority.
don't fall for it.
first fiddle
http://www.youtube.com/user/peacsees#p/u/1/OF6m3pq-Rfw

Sun, 04/24/2011 - 18:29 | 1201755 Chuck Walla
Chuck Walla's picture

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves."
~ Norm Franz

Sun, 04/24/2011 - 13:00 | 1201096 It is a bargin ...
It is a bargin my friend's picture

+1

Sun, 04/24/2011 - 13:03 | 1201114 hugovanderbubble
hugovanderbubble's picture

Honestly i think the big question is not the USD...

 

the key deal is " which fiduciary currency is weaker than other"... A dollar will always be a dollar, a hungarian forint is just paper with no back-up, the same for Yen,Euro...

So ask urself Which gonna be the unique currency that gonna survive....-----------------> USD, cos u have to trade commodities in USD, just that,Other thing is... the USD gonna have a currency commodity linked basket to place its daily value

30% oil

30% gold

15% silver

5% platinium

5% soft commodity basket

3% palladium

1% Rare Earth Metals

0,1% Greed:)

0,01% Federal Reserve POMOS:)

10% + x % Goldman,JpMorgan, Algos:)

Sun, 04/24/2011 - 13:11 | 1201133 disabledvet
disabledvet's picture

"so you need to ask yourself...do you feel lucky?  well?"  interesting form of finance.  i prefer it in the movies myself.

Sun, 04/24/2011 - 15:23 | 1201438 Caviar Emptor
Caviar Emptor's picture

Sorry, BRICS (incl South Africa) just formalized a deal to price goods in their own currencies, no dollars need apply. Look for more to come. 

Sun, 04/24/2011 - 18:12 | 1201720 FEDbuster
FEDbuster's picture

I would add two years worth of good long term storage food, really good water filtering device and an AR-10 w/5K rounds of .308 (total cost about $20K).  For those on a tighter budget, one years worth of basic food storage, water filtering device and an AK-47 w/5K rounds of 7.62 (cost about $5K).

Sun, 04/24/2011 - 18:51 | 1201798 jerry_theking_lawler
jerry_theking_lawler's picture

feD,

you are right. need to stick with the "common" rounds. 7.62, .308, 5.56....i've even thrown in about 500 OOBuck 12 ga...in case things get REALLY serious.

got the ammo, gold/silver, and some food stuffs covered. working on more food stuffs and 'luxury' items...mainly electrical generation.

hopefully, my stash will go unused...but it is there if I need it.

toodles

Sun, 04/24/2011 - 12:59 | 1201101 Long-John-Silver
Long-John-Silver's picture

Things that make you go Hummmmm.

Yesterday Apmex had 5,000 plus random year Silver Eagles available for shipping on the next business day. That number has been reduced to 685 as of this posting.

Sun, 04/24/2011 - 13:11 | 1201136 hugovanderbubble
hugovanderbubble's picture

The problem for holding silver is that u can pay with it in the SuperWalmart Store u have to swap into a fiat or electronic currency paycheck system.

As investment honestly, Silver and gold gonna mantain its uptrend, till

1.Massive Haircuts appear, so big leverage gone -

2.Increasing Interest Rates will lead to a crowding out effect that doesnt favour hard assets.(as they not pay dividends) + higher lease rates.

My basic tip is if hold physical silver/gold as speculation bad, as investment its ok, but doesnt have to be your 100% asset allocation

I still believe one of the biggest black swan we , as financial traders gonna face in the near future is the " ETF´s sponsors Cancellation cos Counterparty risk in Exchange Traded Product linked to Commodities" -

 

Gonna be interesting to look for a big sell off in commodities during 2011. As always the important part is when...Timing is 99%...

Look for SCO

 

Mon, 04/25/2011 - 03:08 | 1202525 thames222
thames222's picture

Good advice, no metals should ever consist of more than about half of your total allocations.  did you see the more recent article about propaganda telling folks to sell their silver now?

 

www.forecastfortomorrow.com

Sun, 04/24/2011 - 14:11 | 1201273 Phillips Capital
Phillips Capital's picture

yep. yesterday apmex had about 26,000 of these [[ http://www.apmex.com/Category/516/American_Silver_Eagles2011__Prior.aspx ]] in stock. today they are at 17,000. that's 34% in one day. 

Sun, 04/24/2011 - 14:36 | 1201323 Phillips Capital
Phillips Capital's picture

i just locked in some apmex orders.    

cool thing is, you have about 5 days until you need to pay, so if silver drops during that time, you can let the order cancel and resubmit. :)  it's almost like a stock purchase plan. 

Sun, 04/24/2011 - 17:30 | 1201651 Silver Alert
Silver Alert's picture

Not quite. You have to pay a $35 cancellation fee PLUS their market "loss."  So if you order 1,000oz and silver drops $2/oz you would owe them $2,035 and not have any silver to show for it.

 

 

Sun, 04/24/2011 - 16:37 | 1201582 Long-John-Silver
Long-John-Silver's picture

They now have 55 left as of this posting. Obviously they will sellout in the next hour or so.

Sun, 04/24/2011 - 12:57 | 1201102 disabledvet
disabledvet's picture

"We have arrived at the electrical fence and are now suddenly unsure which side of the fence we are on."  disabled vet.  by all means "sit on it" since the world now knows who to attribute THIS explanation of insanity to.

Sun, 04/24/2011 - 12:57 | 1201103 williambanzai7
williambanzai7's picture

Sun, 04/24/2011 - 13:05 | 1201124 blindman
blindman's picture


the angular postures give him the
inflection of mr. george carlin.
you make him look better. he should
thank you.

Sun, 04/24/2011 - 13:14 | 1201142 disabledvet
disabledvet's picture

can you speed that up?

Sun, 04/24/2011 - 13:25 | 1201166 Hansel
Hansel's picture

Bernank:  I joined this program and there's steps. There's... uh... like twelve of them.

Sun, 04/24/2011 - 13:47 | 1201214 AGuy
AGuy's picture

Hmmm, Imagine a SNL Parody with a room of central bankers attending a MPA (Money Printers Anonymous), where Central Bankers deal with their addiction to printing money.

Featuring notable characters such as Rudolf Havenstein, Robert Mugabe, etc speak about there past experiences. Then when its time for Bernanke (the newest member) to speak, he is in denial. "There is no inflation, I don't have a problem with debt Monetarization, I have complete control and can stop when ever I want! I don't have a money printing problem!"

 

 

Sun, 04/24/2011 - 14:04 | 1201249 muckraker
muckraker's picture

Hilarious idea! I really can picture the Money Printers Anonymous meeting taking place in the basement of a church somewhere. Picturing the cast of characters sitting on folding chairs, crappy day-old coffee and rock-hard donuts in the background. Sometimes satire illustrates an idea more vividly than a scathing indictment ever could.

Robert Mugabe: "Hi! My name is Bob and I'm a printaholic"

All: "Hi Bob!"

Sun, 04/24/2011 - 16:30 | 1201566 dalkrin
dalkrin's picture

Bernank:  "I used to be a juicer, you know, using steroids.  I had it all, was strong.  The dollar was my bitch, I was the king of the world.  But then Ron Paul kept harassing me about inflation, and those terrorists on the interwebs, sites like ZH, finally started to get the Sheeple buying physical silver, making everyone see the Emperor-dollar had no clothes.  And now I'm divorced, alone, and my two high-priced mistresses won't even return my phone calls!"

Sun, 04/24/2011 - 13:49 | 1201216 deacon_blues
deacon_blues's picture

We are the Federal Reserve who say NI!

Sun, 04/24/2011 - 13:07 | 1201128 I am Jobe
I am Jobe's picture

Bendover Bitchez. USA Govt is cutting back on vaseline as well. Lets go to fucking war and save whore street. Hang the bitchezz and their family. Where is John Mack's wife that whore who took away 800  million, WTF.

Sun, 04/24/2011 - 13:09 | 1201137 SilverDoctors
SilverDoctors's picture

Some holiday fun guys!  Blast Blythe!

http://silverdoctors.blogspot.com/2011/04/blast-blythe.html

Sun, 04/24/2011 - 13:20 | 1201152 Rainman
Rainman's picture

Even the uber-liberal Krugman Times is tossing grenades at the Bernank today.

http://www.nytimes.com/2011/04/24/business/economy/24fed.html?_r=1&hp

Sun, 04/24/2011 - 14:02 | 1201244 rlouis
rlouis's picture

Interesting.  I found it equally curious that they would describe the Fed's efforts as experimental,  considering that well over a thousand years of monetary history has repeatedly shown that their "experiment" results in the destruction of the fiat currency.  This isn't a highschool chemistry class.

WASHINGTON — The Federal Reserve’s experimental effort to spur a recovery by purchasing vast quantities of federal debt has pumped up the stock market, reduced the cost of American exports and allowed companies to borrow money at lower interest rates.

Seems to me a fairly good probability that the chairsatan's press conference will result in some market volatility. 

Sun, 04/24/2011 - 14:47 | 1201344 Fred Hayek
Fred Hayek's picture

Of course Krugman, safe at his ny times sinecure from any retorts by the sane, is upset that, in his view, Bernanke isn't destroying the dollar enough!

Sun, 04/24/2011 - 15:31 | 1201452 Caviar Emptor
Caviar Emptor's picture

I'm starting to rethink the label "liberal" for Krugman. Anyone who backs the Fed's BS to the death and thinks the only problem is they haven't f***ked us hard enough isn't liberal. That's being a part of the self-perpetuation machine that's trying to keep the failed system alive, including the banksters, politicians and economists who created the policies that took down the US economy. 

Sun, 04/24/2011 - 13:38 | 1201191 topcallingtroll
topcallingtroll's picture

Tyler

Please read the email a reader has attempted to send you about MIT's top secret financial search engine, the billion price project. They have invented the equivalent of the world wide web, and they are trying to keep it secret.

Sun, 04/24/2011 - 15:08 | 1201402 Doña K
Doña K's picture

Better yet, is there a live cam near the FED building? Or a google live street view? Check it out this evening.

There will be many black limos and black SUV's. If not, somebody please get there and start filming. Any MSM takers?

Something big is going to happen. I smell it. Ben, Blythe and co-conspirators will give it another try en masse. Obama is in it also. 

Sun, 04/24/2011 - 13:39 | 1201197 carbonmutant
carbonmutant's picture

Flying without a net...

Sun, 04/24/2011 - 13:56 | 1201233 savagegoose
savagegoose's picture

its not much now but with some  gov backing im sure i can develop it into an astoundingly funny walk

Sun, 04/24/2011 - 14:04 | 1201252 holdbuysell
holdbuysell's picture

I'm not able to view the Glenn Beck video that's embedded in the doc. Thoughts?

Sun, 04/24/2011 - 16:30 | 1201572 knowless
knowless's picture

http://www.youtube.com/watch?v=vozLgUXG43o

 

 

there's an excerpt, I'm not sure which part of the video the author was referring to.. beck just gets on my nerves most of the time..

Sun, 04/24/2011 - 16:46 | 1201593 holdbuysell
holdbuysell's picture

Thanks

Sun, 04/24/2011 - 21:04 | 1202028 defender
defender's picture

Denninger posted the full vid from youtube.  Here is the link to Denningers commentary, including the vid:

http://www.market-ticker.org/akcs-www?post=184747

and here is just the vid:

http://www.youtube.com/watch?v=J13EhFN0lDw&feature=player_embedded

Sun, 04/24/2011 - 14:12 | 1201270 Atomizer
Atomizer's picture

Tyler, I think you meant "Berank Flying Flea Circus"

The Snake Oil Brothers Medicine Show #1

http://www.youtube.com/watch?v=GcENY2-ZT5U

Two snake oil salesman's are pitching the same ponzi product. One is a vintage dated 1913 and the other will become available in 2012. Pick your poison.


Hope and Change

Sun, 04/24/2011 - 14:38 | 1201327 Motorhead
Motorhead's picture

Obama can be like Python's Terry Gilliam...funny in his own way but in a supporting role.

But what a cast of characters!

Sun, 04/24/2011 - 14:43 | 1201340 Fred Hayek
Fred Hayek's picture

The dollar has joined the choir invisible!

Sun, 04/24/2011 - 14:52 | 1201358 downwiththebanks
downwiththebanks's picture

Does Mr. Williams realize that those he's named below are merely players in a puppet show?

Sun, 04/24/2011 - 15:24 | 1201441 apberusdisvet
apberusdisvet's picture

Big Slam Tuesday coming; at least 2 bucks; they will try for three.  Buy at the bottom of the Kitco chart; watch out for the head fake in the middle.

Sun, 04/24/2011 - 15:26 | 1201445 Mentalic
Mentalic's picture

that.thing.is.flying  bitchezzzz !  ;-)

Sun, 04/24/2011 - 15:41 | 1201468 Caviar Emptor
Caviar Emptor's picture

 

Hehe. Just when you think the buck is dead.....

 

NOBODY expects the Fedish Inquisition! Our chief weapon is surprise...surprise and fear...fear and surprise.... Our TWO weapons are fear and surprise...and ruthless efficiency.... Our *THREE* weapons are fear, surprise, and ruthless efficiency...QE to da moon, Bernanke puts and a Printing Press......and an almost fanatical devotion to the Pope errr Friedman.... Our *four*...no... *Amongst* our weapons.... Amongst our weaponry...are such elements as fear, surprise.... I'll come in again.

 

Sun, 04/24/2011 - 16:15 | 1201538 johny2
johny2's picture

Always look on the bright side of life...

Sun, 04/24/2011 - 16:50 | 1201599 BernankeHasHemo...
BernankeHasHemorrhoids's picture

Ezekiel 25:17. The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of Obama. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And I will strike down upon Obama with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know I am the Lord when I lay my vengeance upon you, Obama.

Sun, 04/24/2011 - 17:47 | 1201678 kumquatsunite
kumquatsunite's picture

Ben Bernanke is the only reason, please note that one moah time!, the only reason that you can go to the store and purchase kumquats to feed your little children. Why the heap of blame is placed upon Bernanke is a mystery? Glenn Beck was heaping scorn upon Bernanke this week; hmmm...Beck appears to be able to examine and dissect all except that little Mormon religion of his, the one that requires ten percent of all that you are in order to belong. Oh sure, they'll say it's just a "tithing" but those who "tithe" don't get knocks on their door when they don't "tithe" or "temple recommends" for the good jobs when they do "tithe."

Beck will implode upon the Temple of Brigham Young the Child Bride Abuser and Polygamous, but until then he has used his privileged position to shed some light on those in the government and to give him credit for that is fair.

As to his assault on Bernanke, could it have anything (just asking!) to do with the precious metals smelters in Utah? It looks like Johnson Matthew, one of the preminent smelter/refiners of precious metals is located in Salt Lake City, Utah. Sometimes you just wanna say...hmmm...could it be, dare we say, that Utah thinks that they actually lead the way in anything? I dunno, where Mormons are involved there is usually chicanery of some kind, not impugning in any way Johnson Matthey. Only saying that years ago, think it was the late 1800s, there is a story about a giant shipment of gold that disappeared. Ah those Mormons, tucking away things for the future?

And now, Bernanke is being awarded the hair shirt of blame for the frolicking of people around the globe, all of whom (except thee and me:)) participated in the Great Housing Party Fraud whereby Everyone Decided to Live Like Movie Stars. 

This has been a giant fraud perpetuated by those who made a buck verus those who didn't. Me thinks Bernanke probably didn't make a buck on the fradulent, frothed up, twinkie (not to malign twinkies...hee hee hee) housing market that has given China beaucoup dollars and swamped our landfills with shoddy, cheap, and broken Chinese stuff that we thought we needed/wanted/were told to indenture ourselves for. 

Mr. Bernanke is just a guy who is trying to hold it all together with some baling wire and glue and if you want to blame someone, blame anyone who bought a giant house with no money down and received a loan for above the value of the house with which to buy More Cheap Chinese goods to fill said house, especially those guardians of the genetic and morally decrepit who the productive are told they must support or they are not "compassionate" as the walmuck crowd brings forth, in all the medicaid glory they can appropriate, another little walmuckian in the making.

Could this all have been avoided? Well heck-a-roonies sure. We could have decided that welfare was: temporary (maybe two years at most); one child and you are done cause two child and you are real hungie and three: that there is something odd in tattoo land when the food stamp/disabilty crowd has lots of money to fork over for ink inappropriate behavior (and all tattoes are ink inappropriate, sorry, but it's true (and don't forget the giant big screens from walmuck and the welfarian's bragging right: who has the most torture porn dvds (just saying).

So ultimately is the dollar going to lose some value? Well, yah sure you betcha. But unless we are stupid as, well really stupid, we'll fight like heck to remain the reserve currency. You see for years now we've been told that we are bad because we are a strong country, imposing our will upon the world, but the real problem is that we've kumbayaed our way into a real mess. Someone has to be in charge and if it ain't us, who? Ya want Mexico in charge? Ya want Argentina in charge? Ya want China in charge? Ya want any part of Africa in charge..? Hola, mis amigos, we be running out of countries that can be in charge. 

The real problem is that we have not been in charge enough. Most of the world is too dumb to run themselves and letting them do so just leads to massive corruption until another coup takes place and then the next group races to appropriate the country's resources for themselves and then the next coup takes place. So the world could do worse than having the United States in charge, after all, we pay out giant sums of money and they keep their resources (see: Donald Trump, Why are we paying for Iraq but they keep their oil and charge us a pretty penny, dime, quarter, and anything else they can think of?)

I say, time to man up, Americans. If we ain't in charge someone else is, and that should give ya a good bout of shiver me timbers. 

(Best book on this: Mao's Great Famine by Frank Dikkoter and it should be read over and over and over, until you understand that thems that are busy koombiyahing, get's kicked to the curb by thems that know "might makes right." So keep that military budget real big, end the welfare budget, stop immigration, and man up. We need to be in charge, for our good and the world's. 

Sun, 04/24/2011 - 22:58 | 1202194 i-dog
i-dog's picture

"Most of the world is too dumb to run themselves "

The arrogance, hubris and sheer hypocrisy in this sentence is breathtaking! You have certainly earned your stripes as a master central planner.

Fucking socialists always want to control everybody but themselves!

Sun, 04/24/2011 - 22:44 | 1202170 petaloka
petaloka's picture

The penquin on your telly is about to explode.

Mon, 04/25/2011 - 02:28 | 1202466 BanksterSlayer
BanksterSlayer's picture

Now I see the violence inherent in the system.

http://www.youtube.com/watch?v=-8bqQ-C1PSE

 

Mon, 04/25/2011 - 03:06 | 1202522 tomster0126
tomster0126's picture

It's like we're Bill Paxton and Helen Hunt in Twister, watching the cyclone approach...except our car is dead and there's no way out.  Seriously, this week is going to be hell.  I'm kind of sickly excited to see what the new currency will be, though

 

www.forecastfortomorrow.com

Mon, 04/25/2011 - 05:44 | 1202768 The Navigator
The Navigator's picture

If we return to the Constitution, it will be silver

http://www.roadtoroota.com/public/571.cfm

"the Coinage Act of 1792 defined the US Dollar as "three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver.""

Mon, 04/25/2011 - 03:29 | 1202551 ivars
ivars's picture

FEDs forced reaction via tightening ( or suggestion of it) will cause a dramatic stock selloff, down to DJIA 10000 in 1 month.

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...

i will remake my stock chart to include short term effects observed in Feb-May from QE2 and extend it to 2015.

One thing is obvious- due to the delay in restructuring USA economy by easy money for 4years, the dip in stocks will be deeper- can go even under DJIA 6000 in NOMINAL terms in april 2012., and than float around that level oscillating for at least 4 years. Japan 1990 all over the place. "This time is different, right?"

Well yes, as the problems to debase world reserve currency appaer to be bigger than to debase Weimar Mark.

 

 

 

Mon, 04/25/2011 - 07:24 | 1202939 Bruce Krasting
Bruce Krasting's picture

As a writer who tries to contribute to the process let me tip my hat to you. Great article.

I wanted to puke at least three times. You couldn't ask for a better response.

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