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Video Of Boy Shot By Sniper As Libyan Violence Hits Critical Level
We were concerned that the video posted earlier of the slaughter of unarmed protesters in Bahrain would be too graphic. Alas, not even a few short hours later, we have received another video, this one far worse, of a Libyan boy shot in broad daylight by a sniper. Those who want to see the dire consequences of what the overflow of global discontent looks like, in no small part driven by Federal Reserve monetary policies which as the World Bank indicated have just made another 44 million people fall in the "extreme poverty" level, can do so here. It really is time to start keeping track of all the victims of Bernanke's monetary policies. At the rate things are going, within a few years Bernie Bernanke will have to defend himself (and his policies) before a tribunal.
Al Jazeera is tracking the latest tragic developmens in Libya and Yemen, where thousands are now said to have been killed.
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The vast majority of Israel's neighbors are semites.
So, by your logic:
semites = racists = antisemites
Compromise: stop giving to both?
Hey Instant Karma, I having some math problems with the US economy.
Raise rates?..... on over 14 trillion this year?... or even on higher debt in the future?
The interest expense alone would cripple the budget, I dont see how there is a way out of a devaluation of the dollar without someone who is as prudent as the likes of ron paul. I am not necessarily advocating him, but budgetary wise, how the fuck do you propose a way for bernanke to to it with such high debt servicing issues?
Please show me the math.
The math doesn't look good. We would have to be ready to wage WWIII on spending and make sacrifices. Much less Federal and State spending. Much lower deficits. Higher interest rates. But even then is the debt service-able or reduce-able? Have we passed the point of no return?
Here's a weird question that I can't even try to answer. The Fed has made itself (by necessity) the largest holder of US Debt, and growing. What if the Fed decided that the Treasury no longer needed to pay interest on the debt it owned, or, just "forgave" the Treasury the debt. That is, the Fed said, don't worry about paying us back.
Essentially allowing the Treasury to default on the debt it owns. It's weird but it would eliminate a lot of debt and interest payments.
That would not just eliminate 'a lot of debt and interest payments.', it would also eliminate credbility. It does seem simple but a huge cost.
It would technically bankrupt the Fed, but "wait!, couldn't you just print money to cover the costs?, it is helicopter ben."
-No, the federal reserve bills are notes. To the Fed, currency falls under the liability section in the balance sheet, so that would not help.
Aside from that, it is highly inflationary and sets up a huge moral hazard that would allow politicans to just continue the status quo. Fuck it, screw austerity, lets just have the fed print money to buy all the Treasuries from here on in and then 'POOF!' no more debt.
If you are a creditor and witnessed this financial folly, what would you do? Watching the debasement in earnest, do not tell me you would just sit there and forget about real terms, you would sell and since the Fed is buying, why not? In order for the Fed to buy the bonds, they would have to credit the all the people and instutions for the debt with digital dollars, and if it did that, all that becomes an increase the monetary base permenantly. Every time played this joker card play, it would have to monetize all of it into the economy and it is highly inflationary.
What you are proposing is just financial vodoo and/or magic. Hoping that anyone would not notice and react is just stupididty. It would be a sure way to destroy the dollar. It would then be just a game of musical chairs.
As opposed to our current situation... ha, ha, ha.
Seriously, I am joking with you here.
All joking aside, the moment they announced this, it would be game over.
You are correct in my opinion. Instant bond market revulsion.
That's an awesome idea...if you never want to be able to borrow again and were ready to defend yourself from armed assault from every other debt-holder.
Geez IK, you are falling right into the damn trap that BB wants you fall into... blame the politicians and look away from the man behind the curtain (men actually - your point about other central banks is spot on).
its beyond a stretch. its beyond jumping the shark. It makes me wonder now about Tyler; is he seeing the whole world through the prism of bernake?
Planting the seeds of doubt.
its truley tragic, that a death of an innocent gets caught on camera.
the US mininstry of thruth would never let that happen when killing children.
wanna laugh and cry at the same time..watch al-jazeera and Amerikan media at the same time and notice the difference in coverage....sad
A very bad scene. I don't buy the sniper thing. Seems to me someone ducked at just the right moment and an innocent kid took it to the head. Snipers do not kill children. They kill leaders of groups who have massed on the ground. Looks more like an L A drive by shooting event. You know, the 10 year old who takes a bullet through a window because the shooter fired indiscriminately at the porch.
I'd disagree. Your thesis rests on the idea of a perfectly ethical sniper, and one with perfect information to boot. One, the kid could have had something that appeared to be a weapon. Two, if the goal is to terrorize the populace into being good little slaves, what better way than to shoot a kid or two? However, I'd wager word of mouth on that works better than a video, where it's hard to avoid outrage exceeding fear.
Ethics don't enter into it. Leaders are what snipers shoot at first, otherwise you don't need snipers. You just fire randomly into the crowd. Or toss a grenade.
Good point.
If the kid was organizing or orchestrating any part of the demonstrations, and was viewed as such through the rifle scope, then he made himself a target of opportunity.
Not justifying this illegal killing. Just saying that if he was acting in some kind of leadership capacity, he should have been properly concealed in a makeshift command bunker.
Of course, this is all speculation. He may have been just a random protestor.
"how can you kill women and children?" "easy, don't lead them as much."
"Two, if the goal is to terrorize the populace into being good little slaves, what better way than to shoot a kid or two?"
I can think of a couple of countries that this applies to.
don't forget the possibility of a false flag incident.
That mortar round in sarajevo that killed 80 or so people in the market appears to have been a false flag event and not the result of serbian forces. Possibly it was from irregular Bosnian troops or Moslem volunteers from the Middle East.
This attack was what ultimately got NATO involved in the war.
I think NATO should have opend a can of whup ass on the Serbian forces long before that incident, so I supported the Bosnians anyway, but I don't condone their false flag attack.
Be careful about false flag attacks.
First of all, I appreciate the intelligent responses to my comment. All have a good point. My position on the sniper is that there is no proof of a sniper and, my definition of a sniper is a firearms marksperson who can hit a moving orange at 100 yards surrounded by lemons. Although, it is true that a sniper is anyone, hidden above a target, that wishes to cause mayhem for the sake of escalating more mayhem, by killing someone who does not deserve to be die.
Thanks again for the civil responses
http://www.youtube.com/watch?v=vyzoNCJvy4c after shooting into the un-armed crowd did they feel guilty and need therapy well into thier retirement years? while enjoying bloated pensions??? thank God for the 100% medical coverage to pay for the PSTD treatments... those poor bastards, living with the thoughts of firing into an UN-ARMED crowd... it must have been difficult for them.
They were just following orders...
They have a family to feed...
They have a Job to do...
It is just part of the Job...
What would you do if it was your Pay Check / Family / Pension on the line?
It is an ugly Job but someone has to do it...
all thing you will hear from the Law Enforcement here when they fire into an un-armed crowd while being questioned at a Congressional Hearing... Just like every other time Law Enforcement has fired in peoples homes / crowds / and / or any other place they thought was a good place and they wouldnt be called out for it.
Take a good long hard look at what the Brothers in Blue near you will be doing to you. junk all you want but I can post case after case after case after case... of just how true it is and you have nothing but a junk button and not liking the facts.
Most people would acknowledge that misconduct, abuse of power, and other illegal acts are perpetrated by law enforcement officers with significant regularity.
It seems as if the level of violence has increased everywhere in the world, and now that global society has reached a tipping point, the number of illegal killings will likely increase exponentially.
Thankfully, I have the ability to shoot back.
http://www.sigsauer.com/products/ShowCatalogProductDetails.aspx?categoryid=39&productid=213
may I offer for up close.. http://www.fnherstal.com/index.php?id=269=263=66=295=263=5=
Power to the People!!!
After seeing the boy shot in the head, I thought of a poem by Pablo Neruda, and this line:
...and the blood of children ran through the streets like children's blood...
"Por eso tengo que aprender
a nadar dentro de mis suenos,
no vaya a venir el mar
a verme cuando este dormido."
so if all of this increase in food prices is just because of dollar inflation, then it is easily solved by the central banks of these third world countries.
All they have to do is allow their currencies to rise against the dollar.
Dollar inflation can't hurt the third world, unless the third world is printing excess currency too.
Not sure if you have been paying attention, but on February 8, the Egyptian Central Bank intervened to, gasp, raise its currency! (shocking, ain't it).
The next question is why was the currency plunging in the first place. Perhaps the fact that all of these "third world countries" are a powderkeg that makes the Austrio-Hungarian empire seem like a dress rehearsal to WWIII (and, well, WWII).
But yes, we are sure that as soon as someone sees their GDPs growing at 10%, said currency will promptly surge against the dollar.
If currencies have been kept artificially low against the dollar then they should rise even without a ten percent gdp growth.
i agree. interestingly "Egypt is considered poor" by the rich folks in the American media. Of course Egypt has the Nile. Wouldn't that make them the one place that actually has food? It certainly has no shortage of canon fodder. indeed if the images don't lie they have quite an affinity for their fatherland.
Letting their currencies rise vs. the USD is what the Bernank said they could do to alleviate the crisis of high food prices. Bernanke is trying to get us out of our debt by taking the USD to new lows. It can only go down as other currencies go up. A weak dollar means we consume less.
If resources are getting scarcer. Then isn't it the moral thing to do. We, the greatest "consumers", consume less. A dollar crisis will force interest rates higher, and we will grow less, consume less.
It's gonna be tough to change the mindset of consumption......
gh
gh
You need a serious curbing for urging people to sell Silver.
http://www.youtube.com/watch?v=X34JarNjoIU
As brutal as this is, I still maintain that the US and other western governments will crack down even harder when the proles finally figure things out... look what they do to people who try to march at a G20... I have no doubt that they would open fire if told to.
"look what they do to people who try to march at a G20"
Excellent point Doc
Dr. Porkchop, Iagree with your point but we are NOT lacking PM's (Brass & Lead)...so it wont be one sided - as intended by the 2nd amendment.
I'm sure JW FL will expand on this point in the not so distant future!
A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed.
http://topics.law.cornell.edu/constitution/second_amendment
What else is there to know? if you want some help picking out good guns let me know.
i still question my skill at handling a power weapon such as a gun. i am drawn to a rifle though.
maybe a shotgun for home defense... you dont have to be to, too accurate and the BOOM will scare them if you dont hit them... some would say a pump? I would say if you have the means, M4 Benelli. http://www.benelliusa.com/shotguns/benelli_m4.php
Great weapon for a girl, point and shoot... take lessons at the gun store near you... have the gun smith clean it, you are a girl and will get better service than the rest of us men.
as for a hand gun... http://www.fnherstal.com/index.php?id=269=263=66=295=263=5=
These are up close weapons... the hand gun is low recoil... the shotgun is also low recoil...
For the hand gun use frangible ammo... so not to kill people 2 houses over... shot gun, use bird shot.
If you need any more than those two or to engage at distance... or crowd control, consider getting a man in your life.
"a sniper" is what the headline says and everyone dutifully falls in line and repeats "a sniper" "a sniper" "a sniper" "a sniper"
WHO what where when why.
later ....
http://www.youtube.com/watch?v=IHJVolaC8pw
That was the biggest waste of my time ever. I would have spent the time more wisely washing my dog's testicles instead of watching that. Thanks....
Excuse me while I guffaw that you two paragons of reasonableness are now at each other. Guffaw, guffaw.
Gazoontite.
Hooked on Phonics must not have arrived yet. A guffaw is a laugh. Gesundheit is what you say to a sneeze. Thanks for the lulz.
Come'on - guess you never worked in the gaming community.
thanks kids!
Screw any censorship Tyler.
Show it like it is. Readers on this site can make up their own minds.
TD seems to allow pretty much all points of views & even permits troll posts - so give some defernce, if something got pulled it was probably just over the top racist/inflammatory of something. I generally agree with your point but... 1st amendment does have limits:
"Cant shout fire" for example. Schenck v. United States.
Agree, this is the first time I've ever known any comment to be pulled... if "quit your whining or we'll start the burners back up" (thanks treasurefish! thought you'd love another mention...) is OK to post, then clearly this must have been beyond-over-the-top horrendous to be pulled down, and I would trust TD's judgment on that.
ZH - infiltrated I think.
You say that like it's a bad thing.
C'mon, let's have some fun with these trolling, pro-government assclowns.
this is not a problem........ i have been 100% guaranteed, thats good enough for me
Then 'nank defend himself before a tribunal? Yeah right. Has Bawney Fwank even had his chubby, greasy, sticky, stinky little hands slapped?
I like my news like I like my government: centralizized
I suppose that rules out you being labeled an anarchist, eh?
he is an anarchist, officialy... from official sources... like.
Sources Sought
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Added: Jun 22, 2010 1:42 pm Modified: Jun 22, 2010 2:07 pmTrack Changes
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Yeah, I read all that yesterday.
You do understand the correct definition of anarchism, yes?
http://www.spartacus.schoolnet.co.uk/USAanarchist.htm
I was joking with Ya'll and spreading info for them.. you dork!
Anarchy is Fair though... http://www.youtube.com/watch?v=ZRG1tWQN6e8&feature=related
2005 Libya crisis facts.
Wash, Rinse and repeat. Hug your nearest central banking policy maker.
Dead or Alive - You spin me right round (like a record)
You're a sick puppy.
Not really. Just point out the obvious flaws in nation planning.
“Insanity: doing the same thing over and over again and expecting different results.”-Albert Einstein
While it is a stretch to put this squarely on Bernanke's shoulders, it is absurd to say that he has no part at all. Yes, it is a convoluted path that goes from QE to rising food prices that fan the flames of already-existing anger and resentment of tyranical and oppressive governments, but it is a path on which his footsteps are clearly visible. The rage may have been simmering with or without higher food prices, and food prices might have risen somewhat due solely to weather concerns, but there is more to it.
What exactly does QE achieve on the ground? What is its stated purpose vs. what it achieves? Does it differ from pre-crisis open market operations?
QE is carried out almost exclusively through the PD's, who also happen to be the TBTF. That's the same as pre-crisis OMO, albeit there's a catch. There is stated intent, as well as Fed announcements that attempt to create a link between QE and traditional Fed mandates (price stability and maximum employment). That is the Fed saying that, so let's see how well they've done.
The TBTF, who should no longer exist, are being handed free money by the QE program via sure-thing trades with Bernanke. What differs from pre-crisis OMO is that Bernanke buys nearly entire runs, and everyone knows beforehand what his purchases will be, thus guaranteeing he pays too much and hands the PD's free money. Where do the increasingly liquified banks put this cash generated by Bernanke? New Loans? The data says no, thus, strike one for the Full Employment Fed mandate. In fact, what possible incentive do the TBTF banks have to lend? Why bother to try to make a cheap spread on a risky loan, when you can go for broke on the prop desk, knowing that if you win you'll win big (bonus time) and if you lose you'll be covered? A quick look at the revenue sources of the TBTF banks shows where their minds, and actions, are at.
Incidentally, even the pundits say most new employment in the US is generated by small business, and small business has traditionally been funded by less than TBTF banks. These <TBTF banks are not playing QE. They are being allowed to go belly up, as we see every Friday evening in the "Georgia" Report. In addition, their demise is being exacerbated by the combination of QE and Geithner's work, since the marketplace now knows they are not favored institutions and must work hard to merely survive, much less make money. In other words, they are the handicapped capitalists, playing against the Cronyalists. For those depositors still playing the game, doesn't it seem likely that they would be LESS willing to hold assets in a <TBTF bank, even if insured, since they could avoid the hassle of clearing their accounts if their little bank went bust? Fully funding the TBTF actually makes funding for small banks more difficult. Don't forget they are all capped on the other side of the spread by market rates for loans.
Thus, following the money, it is clear to everyone that QE is not only having zero effect on employment, by its very nature it is unlikely to ever do so. Bernanke fails to ever mention this, though he undoubtedly can see it. His theory fails, and all that is left is gift-giving to the TBTFs, something of which he is well aware.
So what do the TBTF's do with the money if not lend (and do not hold it as excess reserves)? Look at their quarterlies. Prop trading is the answer. The stock market is one place where this shows up, much to the delight of Bernanke who wants us all to be of the belief that the market predicts the future. Commodity speculation is another. Too bad the curtains were not fully off prop desk positions, both domestic and those held via offshore accounts. Every indication is that the TBTF's are smack in the middle of the commodity boom. It really doesn't matter that "weather" concerns might have driven them to take these positions; the fact is they are flush with cash and indirectly discouraged by government policy from making loans. Yes, prices were soaring in many commodities before the crash, but these commodities were also being shipped around the world by virtue of end-user demand. I periodically wonder if the BDI graph is telling me "stuff" is being shipped less and stored more often. Major players in the commodity market do seem to be buying storage facilities, whether it is grain silos or ULCC oil tankers. Even some hedge funds now own ULCC's. On the margin, this speculation for speculation's sake is going to drive prices even in the absence of an end user.
So has QE helped in the Fed's other mandate of price stabilization? Yes, but only because Bernanke creates the standard of measurement by using a selected basket of goods that may not even represent a US consumer's expenditure pattern. Certainly it does not represent an Egyptian's expenditure pattern, where food absorbs at least five times as much income as a typical US consumer.
Bernanke is not stupid. He has to see what has been happening, and he knows full well that money, especially when it is handed directly to people who earn almost all of their money now from speculating, is going to drive prices higher. It is this direct funding of the Wall Street prop desks that makes monitoring traditional monetary aggregates meaningless. A book of matches in a normal person's hands are not dangerous; matches in the hands of an arsonist are. Bernanke also must know that the basket of goods consumed by an American is substantially different than what the typical Egyptian or Indian or Pakistani or Chinese consumes, and that higher food prices more quickly and more harshly affect these latter peoples' lives.
Sorry for the length, but it is simply a crime to let Bernanke off scot free. Stop QE, enforce the Volcker Rules, and break up the TBTF banks and let's see if that doesn't take some pressure off food prices. It certainly won't do any harm.
You are correct. But there are other issues as well that tend to drive food prices....as you touched on, speculation in oil is one, as well as transportation means, and large growing corporations, middle-service providers and retail chains being public-driven stock price whores. Another insidious item generally overlooked is the choice of basic foodstuffs in the large markets - the US and Europe. As they move away from carbohydrate products, more producers move away from producing such products, lowering the supply to countries that still subsist on such products, who have to import from lower volume, higher-cost producers. But, as usual, everything is driven by markets and profits...and, governments who play one key on the local organ, while missing the footboards that drive a global system.
Good read chindit13.
Good response. This should be a post.
you were my first love†
Take 6.43m of your time to watch this video posted only days ago.
Martin Kenny Sinn Fein Candidate for Roscommon/South Leitrim
You be the judge. Its all full circle.
My great grandparents were both from Ireland. I have also watched Braveheart.
If I am the judge, I have to say that this guy all dressed up in a suit and a tie and sounding like a proper Englishman looks and sounds like a pussy. I am ashamed of my heritage.
Both of your great-grandparents were from Ireland? Most people have eight. It explains a lot. Thank you for chiming in with your movie viewing, which obviously you have channeled into a political acumen second to none.
Thanks brainiac. I guess I do have 8. Fucking brilliant.
Oh come on! Have a sense of humor! I mean, you're the guy who worked on an oil rig and doesn't know within an order of magnitude the world's demand for oil! The guy who worked with Palestinians in the U.S., and is now the arbiter of all things they want at home! The guy with an awfully un-forked family tree! Come on now, that shit's funny.
You have a small mind for a small world. I said I worked in the Gulf with Palestinians. I didn't say I worked in the Gulf of Mexico. There is a whole world outside of your high fructose corn syrup and kosher Eggo waffles.
Sorry, I just assumed that somebody who would encourage Israelis to engage their enemies with nothing but "love and empathy" as a way to survive was either terminally stupid, had no knowledge (first-hand or otherwise) of the region, or both. But hey, miracles everywhere!
Funny, coming from a guy who's genes are all from the same 'tribe'.
No, as I've stated before, my family's an ethnic melting pot, mostly atheist, and we're way more into Christmas than any other holiday. I call out blind hatred and irrationality where I see it. I see plenty here.
.
.
Momar Kadafi speaks about Obama
http://www.youtube.com/watch?v=qOu-3dDQuac
CNN overview of global revolution:
http://www.cnn.com/2011/WORLD/meast/02/19/mideast.africa.unrest/#
When will it spread to Europe, to the Far East, to central and southern Africa?
North America will revolt by the summer solstice?
Eurofags are fags. Americans are too fat to get off the couch. China and Africa might get ugly.
Like economic statistics, I think protest in Europe and the US is going to be weather dependent.
In Asia, Philippines and Indonesia might be the first places this will evidence itself. Rice will drive it, especially if government finances force subsidy reductions. Philippines is not self sufficient in rice; Indonesia I'm not sure. These protests resonate. So far it has been largely confined to the Arab world, but Moslem Indonesia always has its eyes turned toward the heart of the Koran Belt. Southern Philippines has a Moslem majority, and has been at odds with Manila for at least three decades (MNLF, Nur Misuari), so that could be the Philippines' flashpoint.
Once Saudi goes---I suppose I should say "if"---the resulting jump in oil prices is going to turbo charge the discontent even more than food prices themselves.
200-die-in-benghazi
http://www.independent.co.uk/news/world/africa/gaddafi-fights-for-his-fu...
Zero Hedge is by far and away my favorite blog, almost my single source for news. As a Jew, I could do without calling Bernanke "Chair Satan" and the like, it strikes me as ad hominum and most Jews would instantly react to this as flowing from the centuries long tradition of Jew bashing. Same with the Benjamin Shalom Bernanke repeated endlessly. Same with "Chair Creature."
We get it. Bernanke is Jewish and his loose monetary policies have triggered commodity inflation. We get the idea that ZH believes that the current method of debt monetization results in obsene profits to the Primary Dealers who steal some of the ill gotten gains and recycle some of them into propping up the stock market.
Who knows if some or any of it is true? Stock markets have been manipulated for a long time (Joe Kennedy made a fortune off the 1929 crash, it is said), and the Japanese have all these incestuous relationships between corporations, government and banking more intricate than our own.
But the basic question is this: how long can the Congress and the President spend 1500 billion dollars a year in debt before the entire system implodes? The Fed is just kicking the can down the road by absorbing all this debt. But the fiscal deficit is not sustainable, and in having this little back and forth tonight I'm more concerned than ever.
Another one of ZHs focal points is price suppression of Silver and Gold prices. I suppose if you all stocked up on all the silver and gold you ever wanted to buy, you'd want the price to sky rocket so you'd be richer. But many of us were allowed to buy silver and gold at artificially depressed prices if you believe that the big banks and the Feds tried to hold down the price. I say, good.
A lot of us were able to accumulate gold below 1000, and silver below 18, in some cases much below. Palladium was a nice buy below 400 too. Thank you JP Morgue.
I am concerned now that silver is going parabolic and tonnes of silver and being gobbled up by big investors. I'm hoping this is mere speculation and not a sign that the shit is going to hit the fan (US dollar collapse).
What would happen if the US Dollar collapsed? Obviously a lot of wiped out savings. The eocnomy into a severe recession. Shortages. But, with the US financially wiped out for a while, all the countries that export to us would be hit with a sudden decline in exports, and their unemployment would spike. They would have follow on recessions. China, Japan, Europe, Canada, Mexico, the Eurozone.
Yes, prices for commodities would go down, a lot. What would that do to the commodity countries like Brazil, Russia, Canada, Australia? The OPEC countries. Recessions.
As of now, the US is too big to fail, because we consume so much of the worlds exports, and natural resources, that if we were suddenly to collapse, it would trigger a domino effect of recessions/depressions all over the world both in manufacturing and commodity exporting countries.
However, the rest of the world isn't unaware of this, so they'll carry us for a few more years, maybe a decade or two, until we aren't too big to fail, and the GDP of other countries has caught up somewhat more.
Then we better have our budget balanced as we are held to the same higher standards as other countries. Otherwise we're Argentina.
Another thing. It bothers me less that Loyd Blankfein and his minions at Goldman Sachs make a fortune, than it does than an average NBA player makes 8 figures a year, or some stupid utility infielder on a baseball team.
Every country has their big banks that do their governements bidding and whose exectutives make obcene amounts of money, every country. Ranting and raving about our countries bankers is missing the point, its the same or even worse in Europe, or South America, or Asia.
Asia has fire hydrants that don't shoot out water, they shoot out money. You're missing the big picture. JP Morgue and Goldman are just two American houses in a world full of similar investment houses working hand in hand with governments and big business to control things and make lots of money.
If congress and the President do not spend more and more money, it is game over. Deflation takes hold for good. This is a simple P=P+I math equation reaching the point of debt saturation. The debt monster has finally caught us. The time lag ran out. The largest expenses cannot be cut without crashing the system almost immediately. And I am not even factoring in the public outrage that would result (keep in mind that more people are beholden to the system than fuel the system now).
PM's for most of us are hopefully "just an investment." More realistically, they are insurance against a failing fiat currency. They might be groceries at some point. They might be a ticket out of a warzone. Or a purchase of medicine. Who knows. The PM "trader" may not think of these things. Many of us here are not "traders".
I suppose Rome was too big to fail too. Same for the USSR. Nice thought - but seems to me we were already gutted of our manufacturing base. What remains is a skin waiting to be dried and turned into a rug. We might have some good tricks up our sleeve though... natural resources and agriculture for sure. But I wouldn't be so brave as to suggest we are too big to fail. Nor would I hang my hat on it.
Argentina... ha, ha, ha. We make them look good! It is only our sheer size and reserve currency status that has allowed us to reach the point we are at.
I agree with the whole NBA thing. Same for actors and other celebrities. Blame that on our culture. It ought to bother you more about the bankers who conspire to rape you instead of entertain you.
I think now that you are banker troll who is trying to help play out the next stage of redirecting attention away from central banking towards the politicians and people. With that said, I am done here for now. Expect subsequent junks to be from me as long as you are on this path.
"Ok, junk me" is my trade marked signature.
You really think hyper-spending by the Congress/President is not the primary problem?
Oddly enough, over time, everyones standard of living has risen over the last century in the developed and the developing countries.
A hundred years ago there was no medicine. People routinely died of things like a simple skin wound. People did starve to death. Even in my lifetime the entire electronic revolution has swept the world. None of this stuff like PCs or Internet or Satellite TV or Video games or computerized anything even existed.
Yes, easy money has its problems, but somehow the world keeps chugging along now with 7 billion people, many of whom with all sorts of stuff and food that were unthinkable just two generations ago.
Somehow, it all has been working. And not just for the US. China, Brazil, Japan, Europe, Asia, the OPEC countries, have all recovered from devastating wars or began to develop into monster developing economies. You need the free flow of capital to accomplish this.
Two generations ago Europe and Japan were smoldering ruins. China and Brazil and India were dirt poor nations of starving peasants. OPEC countries were nomadic tribes of Arabs shepparding goats. Now these countries sport some of the richest, newest, most sparkling cities in the world.Their new wealth is amazing.
Frankly, we're the ones getting left behind. But the whole capitalism thing, with central banks adjusting monetary policy, seems to work really well over the long term.
Ok, junk me.
Nope. They are a symptom.
Of the US having been sold-out to the highest bidder because of crony capitalism run amok. Take a look at most of the people who front for the banksters in our congress. You'll find them at temple...or AIPAC.
The MIC can also be defined in terms of those who profit most from the sales of weapons and the money given to other nations (especially your favorite one) to buy said weapons and keep your boney ass alive while surrounded by Arabs because the Brits "made it so #1".
As for the other billions, take a look at the demographics of Florida and you'll see more of your kind "benefit"-ting quite well from the "entitlements" that make up the 1.5T too.
I'll let you off the hook for agri-biz subsidies, because I'm pretty sure you and yours wouldn't sully your hands with actual labor like the people of Iowa.
The American South "chugged along" with a specious business model for awhile too, does that justify their means? (answer more carefully than Pharaoh)
Some time ago a young relative who was an avid supporter of Ron Paul remarked to me that he "didn't like economics". My reply to him was the "economics is everything".
I do believe that all social change in complex society is a function of the economic currents changing.
People often do not recognize the larger forces that are causing the change, but they realize something is happening, or they just feel "things have to change".
The change that is happening in the world lately: Currency devaluations, resource inflation, food prices, interest rate manipulations, and riots.
Looked at from an energy perspective, the world money system has been functioning for over 100 years with the cheap oil input to economies. What we are seeing now is the result of energy that is getting relatively more expensive. A world predicated on limitless cheap energy expects continued "growth". This growth has been predicated on borrowing. Debt. Debt is what creates money/currency.
Most of the people in the world do not understand economics. They just want things to be better. Or in the case of the developed world, they just want things the way they used to be. But the decreased availability of cheap energy is changing the equation.
How does a world view that considers "growth" essential change?
Economics is a social phenomena. Liberals, conservatives, bleeding hearts and gun nuts. Both sides are wrong in the sense that they are going to get deflation eventually. Neither side recognizes that fact. The "liberals" want to continue the debt creation and "growth" in the face of declining resources. The "conservatives" want to cut spending now, though I don't think they realize the political backlass that will come when the economy actually slows down.
Poor people in the rest of the world just look on the internet and the television and want what we've got.
thoughts,
gh
Liberals want to continue growing debt to plaster over the effects of CEG (continuous exponential growth) which have negative ramifications for everyone below the top N% (draw the line where you wish...Charlie Gibson's Middle Class (tm)...the actual middle-class...the poverty line...whatever). They tend to ignore the efficacy (or lack thereof) of this approach as well as the obvious opportunity for corruption and systemic abuse. "Just one more band-aid" might be their rallying cry.
Conservatives aren't really interested in spending cuts as much as tax cuts...they're generally okay with profligate military spending, the Lindsay Graham Memorial Opry-house, subsidies to whomever helps them get elected, etc and are by and large on the lookout for opportunities for privitization that might benefit their golf buddies in some material way. Take a look at the pittance of spending reduction they've proposed and which golden calves continue to graze freely.
Poor people in the rest of the world aren't interested in Lindsay Lohan's substance abuse issues or how their distant relative is doing in the NBA...many of them are more content than the average rat race competitor as a result. If they are wont for anything, it is freedom from whatever local tyrant is making them miserable (generally at the bequest of the aforementioned rats) and to avoid being exploited in terms of labor or resources in service of maintaining the CEG for the few (even if the few happen to be 320M strong).
My perspective.
On a positive note, a combination of sustainable energy generation and concerted conservation is technically possible, though politically unlikely.
http://www.youtube.com/watch?v=H3unYdOqPbQ
Ok, all things aside, when you say ""Ok, junk me" is my trade marked signature."
That sets you up your remark to pre-empt any criticism regardless of content. You seem to want make the 'junk rating' of your remark irrelevant, as if you know that what you say will elicit a certain response.
You really think hyper-spending by the Congress/President is not the primary problem?
No, It's the people who OWN the Congress/President. Has for a long time now.
Read Matt and read about the layer just one up from Congress/President, Now think two levels above them.
Why Isn't Wall Street in Jail? http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216?page=1Agreed, agreed, agreed some more.
"As a Jew, I could do without calling Bernanke "Chair Satan" and the like, it strikes me as ad hominum and most Jews would instantly react to this as flowing from the centuries long tradition of Jew bashing."
Could you connect the dots here Mr. Karma. Why is calling bernanke chair satan, jew bashing?
He is in one of the highest seats of power in 'public office' and just happens to be jewish. One who is in the public eye should expect criticism, but why is this antisemetic?
a) who cares what flavor you are
b) call it a coincidence
c) with the assrapings the global cartel has served up, one'd think you'd have a thicker skin by now
Somebody has to stand up for utility infielders! It’s not a glamorous position. It means a lot of second base, which carries the implication that one doesn’t have a cannon for an arm, and then there’s all those cleat marks from people trying to break up the double play. And how many second basemen hit 40+ taters and get to doff the cap to adoring fans? I say that since nobody is bailing them out---contrary to Lloyd (Blankfein, not Waner)---let them make whatever the market allows. Johnny Evers, if he was alive today, would be worth his weight in Goldman partners.
then, to be blunt, most jews are fucking stupid. You see antisemitism everywhere because you are apparently collectively paranoid. You're not the only tribe or clan or nationality to suffer a genocide. Get over yourselves.
God damn animals. Governments around the world are full of them.
Whereas you guilt-free vegetables are a rare breed.
The Fed and World Bank are two sides of the same coin. The World Bank is looking for good publicity so it can help the One World Government play the savior for the Globalists' goal of world govt.
Yeah, that's my line of thinking too. The Puppetmasters behind are the same. Printing Fiat money for America is already so profitable, imagine printing Fiat for the whole world? Just think of the control they are going to have on every living beings on this planet.
Wait, where is Harry and Spongebob saying, "They're just rubber bullets!" like they did in the Bahrain video post?
Bernanke will retire rich, with no consequences. Just like all the criminals in the Bush administration, when you work for the government or banks, you are above the law.
Joe Jackson on men:
http://www.youtube.com/watch?v=41FNXkY9VZY
and on girls - night:
http://www.youtube.com/watch?v=fKr2n-9p7WM&feature=related
Why are there so many Jew haters on this site? I await your answers.
Hating Bernake and his Wall Street bunch of pirates does not equate hating Jews. Get that hammer into your tiny puny mind, please.
Most big time wall street crooks happen to be jews could very much be just coincidents but there's no need pull wool over people's eyes as to where the real problems lies! ZH readers bash crooks, be they jews, gentile, black, yellow or red.
Moltotov - you need to stick around a little longer. Believe me...this place ain't as multi-cultural as you envision.
love this band too:
http://www.youtube.com/watch?v=pZ9KfKx8PmM
Where next? Wisconsin?
Tyler, I think you've officially lost your mind. To say the U.S. and our policy is responsible for the deaths in an already unstable part of the world is rediculous to say the least.
You can't make animals civil, regardless of food price inflation brought to us a-la the prop desks throughout the globe.
Besides, if you're going to put videos up of kids getting shot, why don't you go ahead and put some videos of parents having their daughter's genitals mutilated in the East...That seems to be the kewl thing to do over their.
Animals will be animals, let's remember that.
cjbosk says: "Animals will be animals, let's remember that."
Yep, I second that http://www.youtube.com/watch?v=qVE60zwXx1k
but who among us are animals?
"Animals will be animals, let's remember that."
But Remember,
"All Animals are Equal, But Some Animals are More Equal than Others"
I guess it's all about who is on which side of the Parallex View right?
On Saturday, witnesses told The Associated Press a mix of special commandos, foreign mercenaries and Gadhafi loyalists assaulted demonstrators in Benghazi with knives, assault rifles and other heavy weapons.
Looks like they moved beyond the sniper action and are now just using the same thug tactics every gangster regime uses. We ran into this in Panama, the 'Dingbats' as we called them, Dignity Battalions, which were thugs in the employ of the dictator, pineapple face. They had no problem beating, raping, killing anyone who spoke against Noriega.
I became very adept at picking them out of the general population after the invasion, the look on their faces was usually enough. They never learned how to conceal contempt, they had been overlording the local people so long that they thought they were always supposed to be in charge.
Hopefully, this corrupt dictator in Libya will be unthroned. I'm sure the 'special commandos, foreign mercenaries' came from the 'creating terrorists since 1948' UN breeding camps surrounding Israel. Isn't that the same pool of thugs the Iranian facists used against the Iranians in the last round of riots?
How many "Teams" with a lil air support would it take to help the people out over there? not to, too many and I am POSITIVE! there would be an overage in Volunteers for "Duty".
But, our leaders suck... just like every where else... freedom of speech, peaceful protest and / or other reasonable means of communicating dis-content are cheerished here in the United States... unless you are Hilary, Oops I mean anyone in power...
video's for proof!
http://www.youtube.com/watch?v=gqE6nTQd-as
http://www.youtube.com/watch?v=_oqIP9yagkQ
they are all the same... doesnt matter which Lobby Whore Party... all the same.
Modern Lincoln Brigades?
Zero Hedge gets more powerful and influential the more it posts the raw truth, whether by chosen words or unfiltered images.
Keep on keeping on, Zero Hedge. You're filling a void as large as the universe, left as a gift to by the incompetent/fraudulent Main Stream Media, and eventually, you'll pull a huge chunk of the viewers/readers into your tent.
I found it interesting that Facebook was used to organize these revolts. The Google exec just happened to be there ...So Facebook would have known in advance of the revolt,
Looking forward, Facebook and Google have teamed up with CIA to be in the revelution starting business. It's all part of the NWO master plan to consolidate the world.
Expect CIA and Mossad involvement in any uprising in the middle east.
I suspect many CDO contracts have been under written are are being written, based on what cities will get blown up and what dictators get toppled.
I sad state indeed, the United Corporations of America. Between the fed, Goldman, and Halburton, it is a one stop chop shop. What dictator is next? In the name of freedom?
Assited by Facebook, Google partners in crime.
Oxy has succesfully deflected the ire directed at the redshields, job well done. What's so hard about one family always acting in the interests of one family, and not really giving a fuck about anyone else, whether or not one shares a heritage much less any real genes with a group of people? And the simplicity of supporting both sides to every fight to ensure your own cause is so hard to conceive?