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Amerika, land of the in debted, home of the slave.
Me love Amerika
Man, there's a GREAT pic of Bernanke burning money at
Someone with pic-posting priveledges should go get it and post it here.
There you go:
And remember that you have to pay the special fee (donation to Tyler and Marla) to be able to post pictures!
We're all living in Amerika...
We're all living in Amerika
Amerika ist wunderbar
we're all living in Amerika
Do you want me?
(no I don't)
Do you need me?
(No I don't)
Dance with me I'm leading?
(No I can't)
Will you love me?
(No I won't)...
If you don't want me
(You'll get hurt)
If you don't need me
(You'll get hurt)
If you don't love me
(You'll get hurt)
Fuck you is the magic word
We're all living in Amerika
Coca Cola, Wonderbra
We're all living in Amerika
Dont fight the Fed? Bernanke should not fight the Math.
I've been posting notes on US Treasury Daily and Monthly reports for years on what these Washington Wackos are doing...
Glad to see ZEROHEDGE finally picked up on my posts/threads in cyber-circus-world
Oddly enough, we have been posting on the DTS for years too...
Yes, we know the past... and had to correct your "mis-understanding" that the Treasury Supplemental Financing Program (TSFP) was active again and what it meant.
The only "misunderstanding" is predicting ahead of everyone it was going to be shut down for the Treasury to avoid an early debt ceiling hit.
Here Comes Another $25 Billion In Excess Weekly Liquidity To Ramp Up Stocks
...followed promptly by this:
Whispers Of The Inevitable Unwind Of The Fed's SFP Program And The Ensuing $200 Billion Liquidity Injection Commence
Also it is SFP.
Sorry one eye pony, Zero Hedge ALL THE WAY BITCHEZ!
Seven minutes to reply and provide previously-posted data.
First rule of zero hedge - NEVER argue with Zero hedge
Now when does project mayhem start? or have I missed the boat on that one too?
Dude, the hater store called - looks like they're all outta you...
Hey Tyler! do you remember when I taught you how to type in word?
how about when I taught you how to drink vodka?
how about when I taught you how to order hookers 3 at a time? double winning is for bitchez! we triple win mother fuckers!
Tiger blood that! I taught Tyler his abc's! and his 123's!
as a matter of fact.. refreasher! http://www.youtube.com/watch?v=ODGA7ssL-6g
for all of those worried.. Tyler was not hurt in the typing of this silly shit! I am just sorry I missed this other dumb fuck above!?!!?!!!!!?????!!??!!?! damn it!
1-eyed only came to advertise its site. Had to say some shit to get attention.
well that's 4.1t annualized but the indonesian originally asked for 3.8xt....so what's the difference - libya or dubuya?
"Instead Congress will start voting on incremental $200 billion debt ceiling hikes month to month in order to keep the public glued to their TV in a demonstration of just how fiscally prudent Congress is"
Really? This shitshow is on TV? Maybe this is just some theater for the Chinese since ,technically, they are the only ones who should care.
I increased my weekly federal witholding tax an extra $50.00. Im having bad feelings
When will this hit the street ....
WASHINGTON (CNNMoney) -- Many American companies would love to move the big pot of money they make overseas back to the United States -- saying they could use the money to create jobs -- and they're pushing in Congress for a tax break to do so.
But as Congress continues to grapple with mounting budget deficits, and amid talk of revamping the tax system, the corporate tax holiday could get traction. Generally, the U.S. corporate tax rate stands at 35%, the highest in the industrialized world. But companies don't have to pay that rate on profits made outside of the United States. So lots of companies shelter profits offshore.
The tax holiday would lower the corporate tax rate to 5.25% for big companies such as the bill's proponents -- including Google , Oracle, Cisco. Proponents say the move would bring as much as $1 trillion into the United States, spur big companies to create jobs and give Treasury more revenue to work with to slash mounting federal deficits.
But tax holiday opponents, including Treasury Secretary Timothy Geithner, are skeptical. They say a similar holiday in 2004 didn't spur companies to hire more or grow.
Nevertheless, last week, a bipartisan group of lawmakers filed a bill that would reduce the corporate tax rate to 5.25% on offshore earnings brought back to the United States.
This hit the street 4 months ago when both Zero Hedge and the street found it would have no impact whatsoever on anything.
Just passing along the update ....
Proponents say the move would bring as much as $1 trillion into the United States, spur big companies to create jobs and give Treasury more revenue to work with to slash mounting federal deficits.
No, you pass on garbage MSM propaganda.
Proponents say the move would bring as much as $1 trillion into the United States, spur big companies to buy back stock from preferred clients, pay large bonuses to senior management, and encourage more businesses to move operations offshore (tax deductible exceptional costs) in order to take advantage of next tax holiday, shove money to lobbyists and into the coffers of campaign funds and give Treasury more time to come up with a weak excuse why it has not helped to slash mounting federal deficits.
I think that's fixed it...
Smailes you're weak. Express an opinion that isn't regurgitated directly from your squid Master.
take it like a man(?) after a crushing like that....just pull the covers
over yer head son.
poor bastard thought he had somethin' (finally) ooops..........
In just one minute.
ROFL! companies just want to bring that cash back so they can buy back company stock so the execs can sell at higher prices. they dont want to hire anyone.
seriously, anyone believing this garbage needs to get examined.
Hey, at least they're not causing giant disasters *cough BP* to drive the price of their stocks down for major buybacks and then laughing at the measley couple billion they dont actually pay for the cleanup.
Here's where Royal Bank of Scotland is getting there excess funds, screw the little guy. They put loan sharks to shame.
You're such a shill smailes. The only question is whether you get paid for your shilling, or whether you're doing it "pro bono" (i.e. begging at the Master's table for some scraps).
No one can stop the QE deficit spending love affair. Their feelings for one another are too strong.
i bet they'll have ugly offspring...
And the actor was not actually in-bred. But they all say that.
Just to put this into context, Apple's recent blockbuster quarter produced $25 billion in revenue, and $5.99bn profit. So this profit would only cover the government deficit for ONE FUCKING DAY!
Please do not put anything into context ever again. Doom will not come if we do not focus on it.
"A third rating agency threatened to downgrade the U.S. government's credit status if Congress failed to increase the nation's borrowing limit by early August, increasing pressure on lawmakers and the Obama administration to reach a deficit-reduction deal."
The rating agencies work for the banks. The banks want the QE3, and they want it yesterday. Increasing the borrowing limit is necessary since the Tres needs to sell bonds into queasing for the Fed to monitize as part of QE3 for the banks. Without a rise in the debt ceiling the beautiful music stops.
And we cannot have that, certainly not.
obama on vacation again this week....burning thru the cash?
When Obama won the Presidency he thought he won an all expense vacation for 4 years to anywhere he wanted to go. Only prerequisite was to give a speech every now and then.
Blue Oyster Cult - Burnin for you
And so what???
It's not like we're a poor country. We have the means to spend all that money in one week. We ain't no Bangladesh or Zimbabwe.
I can't imagine for a second the United States of America going bankrupt.
Well then just stick your head in the sand.
I remember asking one of my Ph.D. econ student buddies at university what he thought of the current account deficit. Being a non-econ student, and therefore unenlightened, I wanted to benefit from his wisdom. Note that this was back in 1996 when the deficit was small compared to now. My buddy (who is now an econ professor at a very respected university) cleared his throat and said: "Well, a deficit means that more goods are coming into the country than are exiting it, so that's a good thing. It means that the country is getting richer." Since then the US has gotten very rich indeed.
Actually he is right....if you measure wealth in property and goods. We are exporting promises to pay (fiat) for durable goods, to be held in our possession. The trick will be on a predetermined day, announce the fiat is no longer redeemable. We can then keep all the goods without risk of some other country looking to spend all that fiat we exported.
Yes I know but this illustrates what these guys were being taught. They just looked at one side of the equation. They didn't take into account...
...that money is debt and increased debt results in devaluation and the transfer of real assets from the debtor to the debt holder.
...that account deficit is partly the result of less domestic-wealth creation and (later) the deindustrialization of the country.
...that imported goods amortise and lose their value while the debt incurred by their purchase grows.
... etc etc
What my friend was actually saying is that the country will get richer by creating less wealth. This is what they were taught and the model the economy was/is based on. Even if the fiat money were to be declared unredeemable at some point, the wealth imported would have lost most of its value and the nation would be poor AND unable to create wealth.
My premis of getting richer by importing requires a sudden change in currency (break the contract). Breaking the contract of course requires a big stick and is a very dishonest strategy; something you would expect from Dr. No, not a mainstream curriculum.
Well the contract IS being broken now by the devaluation of the dollar. As a bonus, the budget deficit will move all wealth from the slave class to the elite - both current and future wealth. This is a very dishonest strategy to say the least. Makes me think that some Dr. No may be in charge.
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