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Uh, this stuff goes over my head for the most part, but, uh, things don't sound so honkey dory today
No worries. Alfred E. Galbraith says move right along:
Someone tell that fear mongering, pessimism porn addict, gold shill Peter Schiff to shut his yapper!!
Look at our debt to GDP!!!!!!!!!!!!!!!!!! Nothing to worry about here.
Oh wait, i mean baaaah, baaah.. baaaaah bah..
Yeah, I just can't STAND that SOB Schiff ---- I mean, how DARE he expose the uncomfortable truth and demolish the feel-good propaganda of the hysterically pro-status-quo corporate media? Doesn't he realize how many Americans are all comfy snuggled up to their green shoots and mustard seeds, with the blanket of "recovery" pulled over their heads?
(Even if it IS a mighty thin blanket, and those green shoots are turning brown and starting to rot and stink.)
About as hunky dory as Bear Stearns relying on the repo market for its day-to-day funding.
Looks like the monthly average YTD is around $472B so what is the big deal with April? Admittedly, they/we have a huge funding problem which will one day blow up but this data point does not stand out as much as the post makes it seem. No?
With the ladder on a bananna peel.
Where's that banana Harry Wanger when we need him? Maybe he was cleaning out his shorts?
He's buying AAPL at $260 for 1x future earnings.
BUY BUY BUY!!!
I'm very comfortable having him on the other side of my AAPL trade.
He's at the coin shop with Bates...
Bates is now "Johnny Bravo", did you know?
You should have no trouble finding him, though --- just look for any article that touches on gold or financial collapse (the Achilles' heel of the pro-establishment troll), and his comments are sure to be found beneath. Like a shit-eating moth to a golden flame, they simply cannot resist being attracted to such discussions.
lol@ (the Achilles' heel of the pro-establishment troll)
The financial system of the world is a house of cards.
Looks like the US won't be able to roll over its mortgage like it's broker promised it would, and it's facing one hell of a balloon payment.
The only question left is, where does America mail the keys?
Sounds about right... they are always looking for more scrap metal...
no worries, the banks will bail out the government with all their profits. LOL
...while there is 7.2 earthquake occurring...
...those are Bernenke's knees, you silly boy!
They are moving the last of the nations gold out of the Fed's vault?
yeah got silver but gold is shining more today poof..
give it time...silver will be the sheeples gold when they finally wake up.
Silver is this sheeple's gold, as silver is the PM I can afford. :-(
you're not a member of the sheeple...you're buying PMs now and are, at the very least, informed enough to be reading ZH...its going to be interesting to see the % gain differences among the PMs from here on out. although i love gold, i believe silver may have a run thats better than most anticipate.
same here postal. baah baah.
Half a trillion, that shouldn'd be a problem for America. That's only 2000$ per person living in America!
COME ON PEOPLE!
Everybody chip in!
It's like payday loansharking... oops, I mean "lending." Take out one loan, find out you can't pay it back during the next pay period, so you roll it over. And keep rolling it over with fees and interest until it doesn't work any more.
Same financial strategy for the US government and the lowliest payday loan borrower.
Exactly. Our nation is sucked into the payday cash hustle. deep.
Easy out: Murder the loan holder.
Sure that means war, but whoever gets the first good punch in wins.
It was a gamble all along anyway.
No, no. See you just dont "get it". War is what gets you out of a recession, did you forget about the Great Depression and WW2? Its really just a big stimulus!! Keynesian style of course.
so ZH theory of sell equities to lower rates for debt roll beginning to play out folks ? or just a temp blip on way to bigger bubble ?
Nothing a little QE magic can't fix...
Don't worry. The us can still dip in military tsp plans.
A couple billion? That ain't gonna cut it...
Note to sociopaths: cash flow does matter
Then they'll just have make more of it to flow.
I don't know what everyone is so worried about. Obama Economic Recovery Team member and former Harvard brainiac Larry Summers himself said that debt doesn't matter since every debt has a corresponding asset therefore the more we print the richer we (or someone else) gets blah blah blah! He says soon we'll be so stinking rich even kids selling lemonade will be millionaires just like in Zimbabwe...
And a short term debt problem has got to better than a long term debt problem... right Larry... Larry?
it is a negative feedback loop. "making more of it to flow" will just cause a bigger problem. huge currency swings are outlet valves to all of this but sovereigns are at the limit because they don't have unlimited taxing power. Riots can shut any country down.
But can they bring down Skynet? We have yet to learn if John Connor can lead us to victory. Perhaps my leadership would be better suited to a new world order?
Agreed. We cannot take a chance on John Conners' unproven leadership...
I vote NO!
(Dr. No that is...)
'without conscience' and 'snakes in suits' . must reads.
You worry too much, Durden. I'm sure Barry, Turbo Tim and Benron have it all under control.
You can stop laughing anytime.
So, as long as European Crisis stays on the front pages, UST should be able to raise money. Can't wait for the opportunity to buy more Gold, unless that chance is over??
Options and futures contracts are expiring this week. If there isn't a buying opportunity Thursday or Friday morning, you may indeed have missed your chance (as that is when the manipulators are out in force). If they fail to force options contracts out of the money, then the manipulation may well be at an end, and you will just have to buy the grind as it works its way up to $2000 and beyond.
I woud hold off judgement on the manipulation being over until I see two or three months with options expirations that don't contain mysterious selloffs.
Didn't the Grand High Squid declare just a few days ago that U.S. debt wasn't a problem?
So this is the whole Greek story about - distraction.
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